David Barger

David Barger

David Barger after an October 2010 presentation in Ann Arbor, Michigan
Born David J. Barger
1958 (age 56–57)
Newark, New Jersey
Citizenship United States
Alma mater University of Michigan[1] (Did not graduate.)
Occupation Former President and CEO of JetBlue
Salary US$ 600,000 in base pay, incentive and stock awards bought total to $3.1 million in 2013.[2]
Children None.

David J. Barger (born 1958) was the Chief Executive Officer of JetBlue Airways [3] until his ouster in February 2015. He had been part of JetBlue's founding team and served on the corporation's board of directors.[4]

Career

Dave Barger's interest in airlines came from his father, who was a United Airlines pilot for 37 years.[4] From 1982 to 1988, Barger served in a number of positions with New York Air, such as the Director of Stations.[3] In 1992 he joined with Continental Airlines and held various management positions including Vice President of Continental's Newark Liberty International Airport hub.

Barger was one of the first employees of JetBlue Airways in 1998, and served as the Chief Operating Officer until March 2007. Following a February 2007 incident in which the airline was forced to cancel nearly 1,700 flights due to winter storms, JetBlue's board of directors replaced founder and Chief Executive Officer David Neeleman with Barger.[5] He had politicked the board, while Neeleman was busy publicly apologizing. Barger's ascendancy caused widespread demoralization in the ranks.[6] He became JetBlue's new Chief Executive Officer on May 10, 2007.[7] Neeleman, the company's founder and largest individual investor, became a nonexecutive chairman as a result of the change.[8] On June 1, 2009, Barger became the president of JetBlue.[3]

On September 18, 2014, Barger announced his resignation from the company effective February 16, 2015, following several reports that investors and the board were unhappy with the lagging stock price and Mr. Barger's performance.[9][10][11] He was replaced on the board and as CEO by Robin Hayes.[12] The stock price increased rapidly after Mr. Barger's removal was announced.[13]

References

  1. ↑ "David Barger biography". JetBlue Airways. Retrieved 9 October 2010.
  2. ↑ "David Barger Executive Compensation". Salary.com from proxy statements filed for the 2013 fiscal year. 18 Sep 2014. Retrieved 18 February 2015.
  3. 1 2 3 "David Barger: Executive Profile & Biography". Bloomberg Businessweek. Retrieved 9 October 2010.
  4. 1 2 Meeks, Karen (12 February 2010). "JetBlue CEO David Barger reflects on 10 years". Press-Telegram (Long Beach, California). Retrieved 12 October 2010.
  5. ↑ "A Change in the Cockpit at JetBlue". Bloomberg Businessweek. 10 May 2007. Retrieved 12 October 2010.
  6. ↑ "Another suicidal board? How DuPont's directors failed Ellen Kullman". Fortune magazine. 13 October 2015. Retrieved 10 November 2015.
  7. ↑ Schlangenstein, Mary; David Mildenberg (10 May 2007). "JetBlue Air Names Barger to Succeed Neeleman as Chief". Bloomberg L.P. Retrieved 12 October 2010.
  8. ↑ "Jettisoned at JetBlue". Daily News. 11 May 2007. Retrieved 12 October 2010.
  9. ↑ "JetBlue CEO Fires Back at Wall Street Analysts". Bloomberg Business. 26 Aug 2014. Retrieved 18 February 2015.
  10. ↑ "JetBlue Analysts Say ‘Bring Us the Head of Dave Barger’". TheStreet.com. 20 Aug 2014. Retrieved 10 November 2015.
  11. ↑ "Six Reasons JetBlue's CEO Probably Won't Stick Around". Bloomberg Business. 7 May 2014. Retrieved 18 February 2015.
  12. ↑ "JetBlue’s CEO vies to please passengers, stocks". The Salt Lake Tribune. 16 Feb 2015. Retrieved 18 February 2015.
  13. ↑ "JetBlue CEO Barger to Retire in February". The Wall Street Journal. 18 Sep 2014. Retrieved 18 February 2015.
This article is issued from Wikipedia - version of the Wednesday, November 11, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.