Sucking
Sound As
DOJ Indictments Continue
If you can hear a large
sucking sound, it just might be the sound of a deal that the U.S. Department
of Justice (DOJ) made in 2008 with Air France/KLM Cargo, which called
for AF/KLM to pay a $210 million fine to stop any further price fixing
investigation. The deal excluded Marc Boudier, Jean Charles Foucault,
Bram Graber, Jean Paul Moreau & Michael Wisbrun from protection.
So what we had here was a gentlemen’s
agreement to pay a fine and punch the DOJ’s ticket, allowing the
DOJ to come after all the bosses at both airlines’ cargo departments
at a later date.
Now as Spring 2011 begins and oil is again
at record levels, and Jean Paul and Bram have already received the negative
attention of these prosecutor creeps in one form or another, DOJ has
lowered the boom on Marc and Jean Charles.
If convicted, Marc and Jean Charles face
ten years in the slammer and a million dollar fine.
But if the past is prologue, faced with
the certain annihilation of both their fortunes and reputations, expect
the aforementioned to cop a plea and, as the DOJ hopes, sing like canaries
to lessen personal financial loss and utter personal devastation.
Of course, all of this will be followed
by these prosecutors going after even more people, armed with whatever
they can squeeze out of those on the hot seat now.
You cannot make this stuff up and one
can only wonder when air cargo will get the wake up call and stand up
to these prosecutors who in action are no better than a bunch of roadside
bandits, first taking huge fines and then going after individuals who
after ten or twenty years of acting on behalf of their companies find
themselves cut adrift to fend for themselves against almost impossible
odds.
Kudos to Cargolux for standing up for
their former CEO, Uli Ogiermann.
Get some spine and stand up for your people,
AF/ KLM.
And sadly the sensationalist atmosphere
will continue as these politically-driven prosecutors masquerade as
standing up for the public good.
CNS Partnership next week and TIACA 2012
in Atlanta should not be surprised if the vast majority of top flight
international air cargo executives defer appearing on USA soil, preferring
to avoid these out of control prosecutions whilst operating their businesses
from the safety of almost anywhere else in the world.
And what will historians write of this
period in air cargo history?
That top air cargo executives were law
breakers, airlines paid huge fines, people got thrown under the bus
and prosecutors sat counting the money and adding up personal gain until
their hands got tired?
Then everybody took a break and waited
awhile and started up the prosecution merry go round all over again?
Somebody has to take the lead and rally
air cargo to say enough is enough.
Here is what we had to say about price
fixing in 2006.
Your move.
Geoffrey/Flossie
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