This is not how things are supposed to happen. This guy deserves so much better and anyone with more than two neurons to rub together knows what this sort of thing does to a company's morale. And how important that is. If this situation is as bad as it looks, my hit prediction for the summer is a procession of good people leaving Cessna, even as sales pick up. If there is more to it, fair enough but it doesn't look good. Good luck Mr Pelton. I expect plenty of people will be wanting to buy you a beer.
Pelton knows the industry well and he knew what he was doing. Prospectively, the question will be do Pelton's bosses at Textron know what they are doing? His leadership will be missed by employees and by many of us who fly Cessnas. No doubt Pelton will land on his feet.
Probably more important for morale that Cessna not ship every job over to China to build their little Chinese 162s.
How long will it be until they move all jobs overseas?
Maybe Cessna is interested in having a CEO who is fluent in the language of their new labor force...
Why is it that the good ones always get the shaft and never the mine?
Cessna, Hawker Beech, Gulfstream and Piper to a lesser extent have just too many aircraft in their catalogues. Between the first three something like 20 different jet models can be offered, and did I mention an additional 22 business jets from Bombardier, Falcon and Embraer. This is crazy, 42, yes fourty two different business jets, how can they think that they could manufacture them in sufficient quantities in an economic manner. Does the market require that ample a line up, you tell me. No wonder that they are either losing money or reporting flat earnings, no wonder either that there is an upheaval going on causing several resignations. Too bad for the workers losing their jobs.
I'm with @Chalette on this. The US aviation industry needs to do what Ford, GM and Chrysler did: slash models and concentrate just on the top sellers. How many other industries use 60 year old designs for their new airplanes?
As for Jack Pelton, we will never know what provoked this sudden departure. That's what happens when you have a large publicly traded parent company: someone has to pay for every fault.
This makes me appreciate Diamond even more. They may be small, but they are private and do not have to get the shaft for every single hiccup.
Textron has made a huge mistake! It's the economy stupid! Textron should try and get Obama fired since he and his supports are the ones who are to blame for the economic mess we are in. Customers are not going to buy aircraft with in bleak situation we are in, period! Jack Pelton was one of the best things that has or ever will happen to Cessna. To me, Cessna future is even more in doubt now . . . Textron had hardly improved Cessna by making such a dumb move. As an aviation consultant and pilot I have always been a big supporter of Cessna and it's products but Textron had better watch carefully what steps it takes from here on out. Pelton's departure will have a negative impact on Cessna and the industry as a whole for sometime to come. Good luck Cessna . . . you are going to need it with bad moves like this.
Textron has been sucking air for several years. Pelton's leadership was probably the only viable, positive revenue stream Textron had. Their leadership couldn't get any of their other divisions to produce what Pelton did at Cessna. It's a shame. If you own any Textron stock, I would sell it.