Today is probably going to be a sad day for Milwaukee, and for the majority Midwest Airlines shareholders.
At 10am this morning, AirTran will most likely get most of the hedge and mutual funds to help vote its 3 appointees (ie bribed yes men) to the Midwest board. Air Tran is paying these guys $40k each to trojan horse Midwest Airlines. If they succeed, I'm sure they'll get even more.
Meanwhile three of Midwest's best board members will no longer be looking out for the majority of Midwest's shareholders.
It's a shame and a crock, and should be illegal... but that's the way public companies are run now that Hedge Funds are in control.
And our fabulous little airline will become part of horrible AirTran, aka Value Jet.