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by lordCarbonFiber 3304 days ago
I too look forward to the grand efficiencies that can only come from upholding share holder value above customer safety. Flying will be so much more exciting.
1 comments

It would be a non-profit corporation. This doesn't have anything to do with increasing shareholder value.
Just because there's no incentive to reward shareholders doesn't mean there isn't incentive to maximize efficiency. Too many people wrongly assume that just because it says nonprofit that they are instantly humanitarians working toward the betterment of society.
But it would be controlled by a board, which would include representatives of the big airlines, and several other seats that could likely end up controlled by the same. So, effectively, I'd expect them to end up beholden to airline company shareholders moreso than the agency currently is.
> This doesn't have anything to do with increasing shareholder value.

> The plan drew immediate support from most airlines

> the White House said the 13-member board of directors for the new corporation should be made up of appointees from industry stakeholder groups

How about having directors nominated by those who actually pay the bills, the passengers?
So are the RIAA/MPAA and the NFL until recently.