Earlier quoted context omitted.
Not sure it's as cut and dry as "CFO becomes CEO and overly focuses on financials" in Southwest's case. In 2021, Gary Kelly (former CFO/CEO) announced his retirement and picked Bob Jordan (CS trained, having previously worked on the AirTran integration) to take over as CEO, which seems a realization that Southwest has some serious technical debt to address. All businesses have highest priorities at a given point in t…
But the Southwest pilot's union is accusing the former CEO, Gary Kelly, of running the company at full speed into operational suicide. I don't see that as picking the right CEO for the moment, even if the stock price did well.
Are they accurate or inaccurate? I can't say.
Were they unionized, I'm sure the Twitter employee's union would be crying bloody murder right now. But it's fair to say that organizationally Twitter had a lot of headcount for their product. And when you tighten a financial belt, employees are going to be unhappy.