In its former high-flying days, GE’s business model was praised in most MBA programs for its skills in planned, self-destructive obsolescence to cannibalize its operations; to reinvent itself to always stay ahead of the competition by pushing competitors back on their heels. Today, Sir Richard Branson evidences that business acumen quality sorely lacking at Amtrak between the political appointees indifferent to stewardship on the Board of Directors and the ranks of “cardboard senior and executive management” dutifully towing the party line.
Author: M. E. Singer
Perhaps former Congressman John Mica had a point, after all, to claim that Amtrak operates like a relic of the Soviet Kremlin? That, and knowing we have the best politicians money can buy, tells a clear story: Beyond the history of outrageous corporate failures due to illegal manipulation of their financial data, like Enron, is there any other example of a company operating in such an egregious manner as Amtrak that defies Congress, lies to states, and spits in the face of the public interest, all the while scooping up even more taxpayer funding?
With no panache in any prior media announcement, nor even a tip-off to its diehard advocacy supporters, Amtrak launched on June 20 a unique sale of roomettes through only June 26, and good for travel between Aug. 20 and Feb. 15, 2019 (https://www.amtrak.com/roomette-sale-buy-one-get-one-free). Based upon the prior atmosphere of Amtrak and certain airlines, this surprise sale actually gives the impression of simmering issues behind the iron curtain of transparency deep within the Amtrak bunker.
Regarding Joe Boardman’s May 10 Opinion piece, the former CEO of Amtrak is railing against a situation he actually created. His actions left Amtrak in disrepair after eight years at the throttle.