ST Alpha - "It sounds like Branson would vote against this merger if he had a say " (Reading a Post)

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In response to "I'd vote down your face! -- nm" by Sir Richard Branson

It sounds like Branson would vote against this merger if he had a say

Posted by ty97 Apr 4 '16, 06:52

But due to foreign ownership rules of US airlines, he can't have a controlling interest and therefore does not have a say.

"I would be lying if I didn’t admit sadness that our wonderful airline is merging with another. Because I'm not American, the US Department of Transportation stipulated I take some of my shares in Virgin America as non-voting shares, reducing my influence over any takeover. So there was sadly nothing I could do to stop it."

Richard Branson on the Virgin America merger (www.virgin.com)

Responses:

I absolutely love Virgin America. I hope it can retain it's identity in the far and near future. -- nm - Diva Apr 4, 07:01 4
- It will be interesting to see what, if anything, of the Virgin culture remains but I expect very little survives. - ty97 Apr 4, 07:03 3
  - Its kind of like the other Airlines are saying - stop being so good Virgin, you are spotlighting how bad we truly are - Epiphany Apr 4, 07:09 2
    - To your IM: Yes and no (it varies and depends. more inside) -- (edited) - ty97 Apr 4, 07:16 1
      - thanks for the info - I love the travel talk. -- nm - Epiphany Apr 4, 07:21
wow - that is significant in my feelings about this. - Epiphany Apr 4, 06:55

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It sounds like Branson would vote against this merger if he had a say

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