Author Topic: EL AL  (Read 173536 times)

Offline ExGingi

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Re: EL AL
« Reply #1200 on: September 23, 2020, 10:28:25 AM »
They are looking to replace all the board members
@Dan it's your chance!  ;)

https://www.globes.co.il/news/article.aspx?did=1001343580

Necessary move. Need to drain the swamp.

Biggest challenge is dealing with the unions. As the sole (at this point) commenter on the article wrote:

Quote
אל תשכח. משימתך מר רוזנברג היא קודם כל להבהיר לטייסים מי בעל הבית ומי קובע את העניינים. אחר כך, קצץ להם 50% לפחות. ותחתים אותם על מסמך התחייבות שטייס שיגרום נזקים מכוונים לאל על כפי שנעשה עד כה יפוטר מיידית מהחברה. לא תעשה זאת ? ראה את כספך ככסף שהושלך לפח אשפה.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Dan

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Re: EL AL
« Reply #1201 on: September 23, 2020, 10:30:28 AM »
They are looking to replace all the board members
@Dan it's your chance!  ;)

https://www.globes.co.il/news/article.aspx?did=1001343580
I guess my biggest question is why is Matmid so convoluted? You need a PhD to understand the program.
Is there a reason the program can't be run like an American FFP?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline tavster

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Re: EL AL
« Reply #1202 on: September 23, 2020, 10:32:28 AM »
I guess my biggest question is why is Matmid so convoluted? You need a PhD to understand the program.
Is there a reason the program can't be run like an American FFP?
I don't have an educated answer.
But it's not impossible to think that it's complicated on purpose - so that clients don't realize the poor value / lack of comparability vs other airlines

Offline ExGingi

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Re: EL AL
« Reply #1203 on: September 23, 2020, 10:32:33 AM »
I guess my biggest question is why is Matmid so convoluted? You need a PhD to understand the program.
Is there a reason the program can't be run like an American FFP?

I guess the biggest reason for that is lack of any airline partners (for redemption, and IINM also for earnings) which gives no impetus for fundamental change from the originally devised scheme that might work for a single airline/participant loyalty plan.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline tavster

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Re: EL AL
« Reply #1204 on: September 23, 2020, 10:33:19 AM »
Necessary move. Need to drain the swamp.

Biggest challenge is dealing with the unions. As the sole (at this point) commenter on the article wrote:
I want to believe that Rosenberg's advisors have done their homework before investing

Offline tavster

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Re: EL AL
« Reply #1205 on: September 23, 2020, 01:20:09 PM »
Wow. LY, who is still controlled by the former board until rosenberg appoints a new one, just filed to the TASE a letter saying that they noticed that Knafaim is controlled by Kenny Rozenberg and not by Eli, and so according to them it's a breach of the holding permit.

It's amazing how Moses will fight this until their last breath. Meanwhile she didn't invest a single shekel during the capital raise last week

Offline Dan

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Re: EL AL
« Reply #1206 on: September 23, 2020, 01:22:21 PM »
Wow. LY, who is still controlled by the former board until rosenberg appoints a new one, just filed to the TASE a letter saying that they noticed that Knafaim is controlled by Kenny Rozenberg and not by Eli, and so according to them it's a breach of the holding permit.

It's amazing how Moses will fight this until their last breath. Meanwhile she didn't invest a single shekel during the capital raise last week
Pathetic.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Kobe Bryant

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Re: EL AL
« Reply #1207 on: September 23, 2020, 01:54:18 PM »
Wow. LY, who is still controlled by the former board until rosenberg appoints a new one, just filed to the TASE a letter saying that they noticed that Knafaim is controlled by Kenny Rozenberg and not by Eli, and so according to them it's a breach of the holding permit.

It's amazing how Moses will fight this until their last breath. Meanwhile she didn't invest a single shekel during the capital raise last week
Eli can hire Kenny as a consultant.

Offline ExGingi

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Re: EL AL
« Reply #1208 on: September 23, 2020, 01:58:21 PM »
Pathetic.
Understatement.

It's emblematic of the failed corporate DNA. Always find the problem with others. Delay, obfuscate, but never take personal responsibility.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Dan

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Re: EL AL
« Reply #1209 on: September 23, 2020, 02:00:12 PM »
Wow. LY, who is still controlled by the former board until rosenberg appoints a new one, just filed to the TASE a letter saying that they noticed that Knafaim is controlled by Kenny Rozenberg and not by Eli, and so according to them it's a breach of the holding permit.

It's amazing how Moses will fight this until their last breath. Meanwhile she didn't invest a single shekel during the capital raise last week
Link?
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline tavster

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Offline Dan

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Re: EL AL
« Reply #1211 on: September 23, 2020, 02:04:47 PM »
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline tavster

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Re: EL AL
« Reply #1212 on: September 23, 2020, 02:08:43 PM »
Does it say who submitted the complaint?
Yes it's a elal filling. It says 'the company turned to the ministers'

Offline Kobe Bryant

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Re: EL AL
« Reply #1213 on: September 23, 2020, 02:16:53 PM »
Does it say who submitted the complaint?
Osishkin and Fogelman signed it.

Offline tavster

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Re: EL AL
« Reply #1214 on: September 23, 2020, 02:21:37 PM »

Offline Kobe Bryant

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Re: EL AL
« Reply #1215 on: September 23, 2020, 02:27:11 PM »
Now picked up in Globes
https://www.globes.co.il/news/article.aspx?did=1001343653
אלדון שדלסון
הרגע

יש גבול לחוצפה שלך. כשלת בניהול החברה עם שכר הטייסים. 700 טייסים ל 40 מטוסים. התבלבלת??? ושכר מנופח. אחרי שהפלת תחברה לפני פשיטת רגל. בא איש עסקים שמוכן לשים כסף כשאת לא מוכנה לשים שקל אחד בהנפקה הוא כן שם. למה שהמדינה תשב ותממן תכשלונות שלך על חשבון האזרחים. את מוזמנת לעזוב תחברה כמו נוחי דנקר שעזב את אי די בי. ועוד אנשי עסקים שנפלו. המדינה לא אמורה לממן אותך

Offline tavster

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Re: EL AL
« Reply #1216 on: September 23, 2020, 02:31:52 PM »
אלדון שדלסון
הרגע

יש גבול לחוצפה שלך. כשלת בניהול החברה עם שכר הטייסים. 700 טייסים ל 40 מטוסים. התבלבלת??? ושכר מנופח. אחרי שהפלת תחברה לפני פשיטת רגל. בא איש עסקים שמוכן לשים כסף כשאת לא מוכנה לשים שקל אחד בהנפקה הוא כן שם. למה שהמדינה תשב ותממן תכשלונות שלך על חשבון האזרחים. את מוזמנת לעזוב תחברה כמו נוחי דנקר שעזב את אי די בי. ועוד אנשי עסקים שנפלו. המדינה לא אמורה לממן אותך
Well said.
If I was a shareholder I would sue the board for failing on its fiduciary duties

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Re: EL AL
« Reply #1217 on: September 24, 2020, 08:34:44 AM »
Well said.
If I was a shareholder I would sue the board for failing on its fiduciary duties

Any precedent for legal accountability of a board in Israel?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline shaulyaakov

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Re: EL AL
« Reply #1218 on: September 24, 2020, 08:47:08 AM »
This may be an unpopular opinion here, but we all know the Kenny was behind this from the beginning. Heck, DDMS reported that numerous times. To me, that leaves 2 questions:

1. Was the holding company funded through an above board loan? That would generally require certain legal documents to exist, including things like paying interest at prevailing rates etc?

2. Even if it was all technically legal, since the Knesset has some discretion here, should they care if it's more of a "wink wink" sort of thing? Presumably, the government doesn't want to be on the hook for all these shares, so I imagine they wouldn't care unless there are serious irregularities here.

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Re: EL AL
« Reply #1219 on: September 24, 2020, 08:51:57 AM »
This may be an unpopular opinion here, but we all know the Kenny was behind this from the beginning. Heck, DDMS reported that numerous times. To me, that leaves 2 questions:

1. Was the holding company funded through an above board loan? That would generally require certain legal documents to exist, including things like paying interest at prevailing rates etc?

2. Even if it was all technically legal, since the Knesset has some discretion here, should they care if it's more of a "wink wink" sort of thing? Presumably, the government doesn't want to be on the hook for all these shares, so I imagine they wouldn't care unless there are serious irregularities here.

1. Are you aware of what AFR rates currently are?
2. They have the option to care or not care.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan