Current crisis

You have been working $14+$ hours a day, but you do not feel tired. Today, you receive a text message from your CHRO: $$CEO just got call from corporate raider Oruc Reis. He has $20\%$ stake in Liberty and wants a new board. Emergency meeting now!$$ You arrive at the meeting and provide advice.

How do you want to deal with this situation?

Government friends: we should ask our friends at the Federal Aviation Administration $($FAA$)$ to consider decertifying the company if Reis gains control. He is not qualified to run a major airline. We should also remind them that Reis is not an American and may not be allowed to take such a large stake.

Operational Review: we should conduct an operational review to assess company performance. If Liberty Air is not up to industry standards, we will bridge the gap in anticipation of a successful takeover. As sun Tzu said, $"$ if you know the enemy and know yourself, you need not fear the result of a hundred battles."

Increase valuation: we need to increase the value of the airline to dissuade Reis and other corporate raiders. We will announce that we are looking for a smaller airline to buy in order to expand our routes and offer customers more travel options. This should signal to the market that we are focusing on future growth, which in turn should increase our valuation.SHARK ATTACK

You have been working $14+$ hours a day, but you do not

feel tired. Today, you receive a text message from your

CHRO: "CEO just got call from corporate raider Oruc Reis.

He has $20\%$ stake in Liberty Air and wants a new board.

Emergency meeting now!" You arrive at the meeting and

provide advice.

YOUR ADVICE: We should ask our friends at the Federal Aviation

Administration $($FAA$)$ to consider decertifying the company if Reis gains

control. He is not qualified to run a major airline. We should also remind

them that Reis is not an American and may not be allowed to take such a

large stake.

HOW DO YOU WANT TO

DEAL WITH THIS SITUATION?

GOVERNMENT FRIENDS

OPERATIONAL REVIEW

INCREASE VALUATION