NetJets alleges smear campaign | The Columbus Dispatch

There are 15 comments on the Aug 28, 2010, Columbus Dispatch story titled NetJets alleges smear campaign | The Columbus Dispatch. In it, Columbus Dispatch reports that:

A year after taking over and initiating a management shakeup at NetJets, CEO David Sokol is fighting what he says is a persistent campaign on the part of a few current and former employees aimed at harming the company's reputation.

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Moronh8r

Columbus, OH

#1 Aug 28, 2010
This Sokul guy comes in, turns a company upside down and chops people out that in his own words "built this company from the ground up", AND on 9/11 (a bad date mind you) and expects them to like him? What a putz!
Marla Matzer Rose

Columbus, OH

#2 Aug 28, 2010
For the record, Mark Wasserman was a vice president, not president of Netjets as stated in the piece. That title was formerly held by Bill Olsen, also mentioned in the article. I have submitted a correction; I apologize for the error.
MOre should do this

AOL

#3 Aug 28, 2010
Former NetJets Vice Chairman Jim Jacobs also criticized Sokol in the article last month, which was widely circulated online and referenced in business-oriented television programming.

Since: Jun 10

Canal Winchester, OH

#7 Aug 28, 2010
If it is slander, invite them to, "tell it to the judge"!
You can only be nice for so long.
These people are hurting other employees, economically and socially. Don't let the nuts kill the company.
cheeze its

Columbus, OH

#8 Aug 28, 2010
Moronh8r wrote:
This Sokul guy comes in, turns a company upside down and chops people out that in his own words "built this company from the ground up", AND on 9/11 (a bad date mind you) and expects them to like him? What a putz!
of course people wouldn't like him if he canned them. he didn't, however, "turn a company upside down." if you read the article, he returned the company to profitability. that doesn't sound like upside down to me.

part of his restructuring included reducing overhead. netjets culture seemed to reflect that of welfare, once you were in, you had a job forever and didnt need to worry about anything. this seems to conflict with the layoffs, hence the unusual situation. sounds like a bunch of crybabies out of touch with reality. this goes against business sense, things change.

he ran it like a business should be ran, and made the same decisions any competent business leader would make.
IDoItToo

United States

#9 Aug 28, 2010
Netjets is a hotbed of executive lust and sex, and it always has been. Who sleeps with who, who does what sexual act, who "performed" to get their position - it has always been a part of the NetJets executive culture. I enjoy reading about it - these people make money renting planes and have fabulous and kinky sex lives. It's all good, in my opinion, and they should wallow in it, not run from it!
IDoItToo

United States

#10 Aug 28, 2010
Moronh8r wrote:
This Sokul guy comes in, turns a company upside down and chops people out that in his own words "built this company from the ground up", AND on 9/11 (a bad date mind you) and expects them to like him? What a putz!
The only thing a company owes anyone, even the people who founded it, is their latest paycheck. People at NetJets got an "entitlement" mentality and they had to be shown the door. This is how capitalism works - efficiency over sentimentality.
dubba tee eff

Westerville, OH

#11 Aug 28, 2010
IDoItToo wrote:
<quoted text>
The only thing a company owes anyone, even the people who founded it, is their latest paycheck. People at NetJets got an "entitlement" mentality and they had to be shown the door. This is how capitalism works - efficiency over sentimentality.
Nail meet head cause you just summed up EVERYONE i've ever met who work @ netjets.
dubba tee eff

Westerville, OH

#12 Aug 28, 2010
except all those people are gone now, come to think of it good job sokol
Enzyte Bob

Reynoldsburg, OH

#13 Aug 29, 2010
IDoItToo wrote:
Netjets is a hotbed of executive lust and sex, and it always has been. Who sleeps with who, who does what sexual act, who "performed" to get their position - it has always been a part of the NetJets executive culture. I enjoy reading about it - these people make money renting planes and have fabulous and kinky sex lives. It's all good, in my opinion, and they should wallow in it, not run from it!
The same could be said for any airline!... or law office ... or government office ... or politician's office ... or real estate office ...
Enzyte Bob

Reynoldsburg, OH

#14 Aug 29, 2010
"He also took issue with "disparaging remarks" made by current NetJets pilot Bill Olsen in a recent Fortune magazine article."

==========

Bad writing/editing. You don't throw something out and leave people hanging.

So what did he say?
Dis Middle Class

AOL

#15 Aug 29, 2010
IDoItToo wrote:
<quoted text>
This is how capitalism works - efficiency over sentimentality.
Ah capitalism, which I am all about and a strong advocate of, doesn't seem to be working out all to well these days.

Signed
Disappearing All American Middle Class
Enzyte Bob

Reynoldsburg, OH

#16 Aug 29, 2010
Dis Middle Class wrote:
<quoted text>
Ah capitalism, which I am all about and a strong advocate of, doesn't seem to be working out all to well these days.
Signed
Disappearing All American Middle Class
Capitalism works just fine. It's when liberals squander the wealth created by capitalism on boneheaded socialist projects that this economy suffers.

==========

http://www.villagevoice.com/content/printVers...

Andrew Cuomo and Fannie and Freddie

How the youngest Housing and Urban Development secretary in history gave birth to the mortgage crisis

By Wayne Barrett
The Village Voice
published: August 05, 2008

There are as many starting points for the mortgage meltdown as there are fears about how far it has yet to go, but one decisive point of departure is the final years of the Clinton administration, when a kid from Queens without any real banking or real-estate experience was the only man in Washington with the power to regulate the giants of home finance, the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC), better known as Fannie Mae and Freddie Mac.

Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that—in combination with many other factors—helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans. Three to four million families are now facing foreclosure, and Cuomo is one of the reasons why.

What he did is important—not just because of what it tells us about how we got in this hole, but because of what it says about New York's attorney general, who has been trying for months to don a white hat in the subprime scandal, pursuing cases against banks, appraisers, brokers, rating agencies, and multitrillion-dollar, quasi-public Fannie and Freddie.
Former

Columbus, OH

#17 Aug 29, 2010
Lots of people (dubba tee off in particular) writing comments about things that they know absolutely NOTHING about. Keep it up and continue to disparage the 95% of NetJet employees who are (or were in the case of those laid off) hard working, moral people who gave up weekends, holidays and other family events to keep that place running.
Advice to dubba tee off: get a clue before writing comments on the web!
Former

Columbus, OH

#18 Aug 29, 2010
Regarding the turnaround: Obviously some things needed to be changed, but at what long term costs?

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