Gary Kelly Ceo

In: Business and Management

Submitted By escoladoida
Words 1015
Pages 5
CEO Gary Kelly:
Introduction
During the past decade, the airline industry has experienced economic challenges. Some of the examples of these economics challenges would include the sluggish economy and the fuel crises. Legacy airlines such as Delta Air Lines, American Airlines, Continental Airlines, and US Airways are struggling to maintain profitability. These legacy airlines have to compete with airlines that practice low-cost business level strategies like JetBlue Airways, Southwest Airlines, AirTran, and Spirit Airlines. Low-cost airfare is leading by Southwest Airlines, and they also make it affordable for the average American to air travel. Since its existence, Southwest Airlines has been a profitable company. To maintain the airline’s profits in the sky, Gary Kelly assumed the role of Southwest Airlines’ newest CEO on July 2004.
Personal and professional background
Before joining Southwest Airlines, Gary Kelly was a CPA for Arthur Young & Company in Dallas and as a Controller for Systems Center, Inc. In 1986, Gary Kelly started his career at Southwest Airlines as a Controller. During the years 1989 to 2001 he was promoted to Vice President Finance and Chief Financial Officer. From June 2001 to July 2004 Gary served as Executive Vice President and Chief Financial Officer. In 2004, Gary Kelly assumed the position of Chief Executive Officer and has served as the Company Chairman of the Board in May 2008. In July 2008, he was elected as the Board’s President. Gary Kelly is a Certified Public Accountant (CPA). He received a BBA in Accounting from the University of Texas at Austin. (Bloomberg BusinessWeek 2011) Gary Kelly has received various awards and recognitions: “being named one of Business Travel News' 25 Most Influential Executives of 2004; named a finalist for Texan of the Year by the Dallas Morning News editors for the year 2005; honored with the…...

Similar Documents

Garys Market

...prices. The owner, Mr. Gary has been in the retail business for 40 years. He has proven that hard work and support can provide great results. He states, "I wanted to work for myself and have a legacy to leave for my children." His wife, two daughters and three sons work at the grocery store. Gary has two sons working as the managers, his oldest son is the treasurer, his wife is the manager of the kitchen, his oldest daughter is a secretary, his youngest daughter is financial advisor and Gary is the accountant/CEO. They all have an important part in the business. Starting a small grocery business pose as a challenge. He received a substantial amount of money from his grandparents. He wanted to invest his money in a company that he knew his grandparents would be proud. He decided that he want to own a grocery store that sold products for a reasonable price. Mr. Gary opened his store in June 15, 1979. In the second year of operation the grocery store, Mr. Gary realized that he was not equipped with the proper information. He thought he was ready to work for himself, but realized that he needs the educational background. His accounting books were never correct and could not understand what he was doing wrong. He would pay $800 a year to have his accounting books done correctly. Enough was enough; he enrolled in college to take business management. After four years of college at Shelby State, he had the right attitude and the customer first mindset. Mr. Gary incorporated his......

Words: 2070 - Pages: 9

Ceo Gary Kelly

...Assignment 4: Leadership Style: What Do People Do When They Are Leading? Gary Kelly, CEO and Chairmen of Southwest Airlines Company BUS520 Leadership & Organizational Behavior 6/05/13 Introduction Mr. Gary C. Kelly has been the Chairman of the Board, Chief Executive Officer and President of Southwest Airlines Company since July 2001. The 58 year old executive has been with the company since 1986 being hired in as controller working his way to Chief Financial Officer and the finally to the Chief Executive Officer. Mr. Kelly attended the University of Texas where he received a bachelor degree in accounting. Southwest Airlines is a very unique company in as they have never had a non-profitable year, they continue to serve as the country’s largest discount airlines, they have a straight forward philosophy of taking care of their employees, great customer service, and having fun. While other airlines have failed, actually almost all of the large airlines have failed, Southwest continues to grow and at the head of the company is Gary Kelly. Mr. Kelly has been with Southwest for most of the companies’ existence, and together, they have developed a unique culture and style. Most of which he inherited when he took the office of CEO. The former CEO and co-founder Herb Kelleher, was a very aggressive leader that like to lead in a very unorthodox style. His management was quick and to the point, always thought of himself as the underdog. Kelleher cared greatly...

Words: 1290 - Pages: 6

Kelly Service

...Memo To: Marketing Department From: Group C Date: August 1, 2013 ------------------------------------------------- Re: Kelly Service Marketing Team Recommendation for Wal-Mart As the future of hiring employees changes too more temporary and contract workers to reduce cost, Wal-Mart is no exception. Wal-Mart even labels these temporary employees as “Flexible Associates”, spokesman Dave Tovar says temporary employees allow store managers to provide permanent workers a more reliable schedules. (Huffington Post August 2, 2013). Along with a more reliable schedule for permanent employees Wal-Mart saves big bucks with no benefits and lower wages. History of Walmart Sam Walton opened the first Walmart in 1962 with the vision of low prices anytime anywhere. From there Sam Walton opened Sam’s Club wholesale stores and Walmart Superstores combining grocery and merchandise. In 1991 Sam’s Club went international opening in Mexico and with the purchase of Woolco in 1994 Walmart continued its international path opening in Canada. Walmart did not stop there with continued expansion into twenty-seven countries Walmart has over 2.2 million associates and serves over 200 million customers every week. (2012 Wal-Mart Stores, Inc.) Walmart Services and Products Walmart Charities and Scholarships In 2012 Walmart’s giving surpassed one billion dollars worldwide. Through Hunger Relief and Healthy Eating programs, plus a sustainability plan showing people how to......

Words: 813 - Pages: 4

Kelly Services

...Kelly Services To find out if Kelly Services is under performing or over performing, it is a good idea to take a look at the company's financial statements and evaluate its condition base on this. They should compare the company’s financial ratios relative to their competitors. Some of the main items used in valuing a company’s performances are: sales, earnings per share, dividends, current assets, current liabilities, and long-term debt. By using these items they can determine the company’s financial ratios to value the company’s health relative to their competitors. A company can benefit from tax advantages by incorporating debt into its capital structure. The reason for this is that interest on debt is tax deductible on a company’s income statement. When a company issues debt in the form of bonds the interest paid is taxed only once at the personal level. On the other hand, equity has no tax advantage to a corporation. The dividends paid to equity holders are taxed twice, once at the corporate level and once at the personal level. At the current time Kelly Services is only equity financed. However, the company could benefit from this tax advantage by incorporating debt into their capital structure. Even though debt has an advantage to the company’s financial statements, it does not increase overall value to the firm. As company alters their capital structure they are changing the risk of the firm, while at the same time they are changing the required rate of......

Words: 595 - Pages: 3

Kelly Services

...increases of 50 percent or more*. Kelly Services® can connect you to this opportunity! Kelly® has employment opportunities. Our connections with the most respected companies—including 90 percent of the Fortune 500®— will get your résumé into the right hiring managers’ hands. For decades, we’ve been successfully matching job seekers with the right skills and attitude to the right positions. Use our connections for the exposure you need. All at no cost to you! Kelly offers flexibility and choice. You can choose when, where, and how you want to work from multiple work style options: Temporary/Contract: These assignments—some short-term, many longer than six months—allow you to build your résumé while earning a solid paycheck, for real work-life balance. Temporary-to-hire: These assignments offer the opportunity to convert to a full-time job, so you get a great foot-in-the-door trial period to know the employer before full-time hiring is confirmed. Direct placement: Kelly professional recruiters assist you in finding career opportunities for immediate full-time placement—we place more than 20,000 full-time employees annually. Our resources. Your advantage. At Kelly, we build close relationships with our employees to fully understand your career goals and find positions that match your needs. Kelly leads the industry—by nearly two times—in employees who would also recommend Kelly as a source for employment**. The real question is: Why not Kelly? *Littler......

Words: 314 - Pages: 2

Gary Brockington

...How People Make Economic Decisions Paper Gary Brockington ECO/212 7-25-2010 Anil Marthur How People Make Economic Decisions Paper People make economic decisions every day throughout their lives. In this paper I will describe the three economic principles of individual decision-making. I will provide an example of a decision which I took part in and compared the marginal benefits against the marginal costs. I will also give those marginal benefits and costs acquainted with that decision. I will tell which incentives could have led me into making a different decision. Last I will explain how the principles of economics affect people’s decisions, interaction, and how the economy works as a whole. There are three economic ideas concerning people who have to make economic decisions. One is people are rational. This means that an individual always weighs the benefits and costs, and make their decisions only if the benefits outweighs the costs (Hubbard, O’Brian, 2010). The second economic idea is people always respond to economic incentives. This simply means that people respond to incentives from variety of motives (Hubbard, O’Brian, 2010). The third idea is that optimal decisions are made at the margin. This means that when he or she is making a decision in which they are going to hit the jackpot or lose everything. There have been many cases in which I had to look at the marginal costs and the marginal benefits. The biggest decision I had to make was whether I......

Words: 537 - Pages: 3

Gary

...Best Buy: Grasping At Straws -As part of yet another restructuring plan, the company intends to close fifty of its big box stores and fire an additional 400 corporate staff.  (Best Buy currently operates 2,900 retail locations worldwide.) -Revenue at established stores fell 2.4% last year, following a 4.7% decline in the previous year.  Overall, the company lost $1.23 billion last year, or $3.36 per share. -investors dumped the stock, sending it down 8% in early trading today.  (It closed on Thursday down almost 6%.) -Best Buy CEO Brian Dunn: little innovation [in] many of the large traditional consumer electronics categories such as television, PCs and gaming. -consumers have enjoyed greater price transparency and ease of costs shopping. -we knew we had to accelerate our cost reduction efforts, adjust our sales mix and significantly improve on the experience we were delivering for our customers.  -most uncertain consumer and economic environment we’ve ever experienced. -customers now know too much to take advantage of them.  dwindling margins on TVs, computers, and mobile devices.  some online retailers don’t collect state sales tax, or have more forgiving return policies. -high-speed mobile broadband, cloud computing, tablet devices and the modular nature of app stores have utterly changed not only which products consumers buy, but how they shop for them, upgrade them, service them, and replace them. -hese technologies are the foundation for a new generation of......

Words: 324 - Pages: 2

Gary Hamel

...The new book from Gary Hamel shows you how to win in a world of relentless change, ferocious competition, and unstoppable innovation. Learn more and read an exclusive excerpt at the MIX The Wall Street Journal recently ranked Gary Hamel as the world’s most influential business thinker, and Fortune magazine has called him “the world’s leading expert on business strategy.” Hamel’s landmark books, which have been translated into more than 20 languages, include Competing for the Future, Leading the Revolution and The Future of Management (selected by Amazon.com as the best business book of the year). His latest book, What Matters Now, was published in 2012. Over the past twenty years, Hamel has authored 17 articles for the Harvard Business Review and is the most reprinted author in the Review’s history. He has also written for the Wall Street Journal, Fortune, The Financial Times and many other leading publications around the world. He writes an occasional blog for the Wall Street Journal. Since 1983, Hamel has been on the faculty of the London Business School, where he is currently Visiting Professor of Strategic and International Management. As a consultant and management educator, Hamel has worked for companies as diverse as General Electric, Time Warner, Nestle, Shell, Best Buy, Procter & Gamble, 3M, IBM, and Microsoft. His pioneering concepts such as “strategic intent,” “core competence,” “industry revolution,” and “management innovation” have changed the practice of......

Words: 722 - Pages: 3

Gary Ridgeway

...Gary Leon Ridgeway Michel Marquez Keiser University 08/13/2013 Gary Leon Ridgeway Gary was a ruthless serial killer that targeted prostitutes in King County, Washington. In 1982 women stared disappearing around King County because of Gary Ridgeway but at the time the police had no idea who he was. The first young lady that Gary Ridgeway kidnapped and killed was 16 year old Wendy Lee Coffield. The police found her in a river called The Green River, since the police obviously did not know the name of the killer they began calling him The Green River Killer after finding the next four bodies in the same river. Gary Ridgeway would kidnap these females mostly prostitutes strangle them and then would drop them off in a variation of places but mostly in The Green River thus dubbed The Green River Killer. The King County police department had no way of knowing that Coffield (Gary’s first victim) represented the beginning of a savage killing spree that would last for years, with the majority of the murders occurring from 1982 through 1984. Gary was not very smart in school and witnessed his parents fighting occasionally. His childhood life was full of reasons that would point to why he ended up doing the things he did. Gary was born on February 18, 1949, in Salt Lake City, Utah, Gary he was the middle son of Mary Rita Steinman and Thomas Newton Ridgway. During his childhood he was a very poor student but did not appear to be out of the......

Words: 2028 - Pages: 9

The Ceo and Organizational Culture Profile

...Integrating Culture and Diversity in Decision Making: The CEO and Organizational Culture Profile John Daniels Bus 520 Dr. McGrath November 30, 2014  1. Provide a brief (one [1] paragraph) description of the organization you chose to research. Southwest airlines is a North American airline that is head quartered at Loves Field in Dallas Texas that started flights in June 18, 1971. Since its inception it has been a low cost, customer focused airlines, that offers leather seating and full size cabins. Southwest have 46,000 employees that handle more the 3,600 flights daily, throughout 93 destinations in 40 states, the District of Columbia, the Common Wealth of Puerto Rico and five near-international countries. http://www.swamedia.com/channels/Corporate-Fact-Sheet/pages/corporate-fact-sheet. 2. Examine the culture of the selected organization. Southwest has three main values that motivate all of its employees. They are a warrior spirit, a servant heart, and a fun-luving attitude (the way Southwest spells “love”). A warrior spirit is in reference to an employee to “take the initiative” or “care about your customers” This spirit means being fearless in terms of delivering the product. The servant heart refers to the aspect of treating others with respect provide what the customer needs in a cost efficient manner. The fun-luving attitude is that the employee should not take themselves to seriously. These cultural values start from the interview and last......

Words: 1201 - Pages: 5

Gary Martin

...From construction to lingerie, with 24 years old multimillionaire Gary Martin 1. Define the following terms: a) Fruit machine: is a casino gambling machine with three or more reels which spin when a button is pushed. b) Breakthrough: point of inflexion positive. c) To forge a career (there’s an extra point if you know another meaning for the verb “to forge”): It means building up a career. It also means work hard to achieve your aims. d) All singing all dancing (entrepreneur): it is used to describe a diverse, active and versatile person. e) Mind set: attitude. f) A get rich quick scheme: plan to make money in a short period of time. 2. Paraphrase the underlined words/expressions (in context): a)…when he got to run his own nightclub. * …when he got to management his own nightclub. b)…he was well versed in business by that age. * …he was highly familiar with business by that age. c)…managed to sweet-talk 2 local chip shop owners into hosting them. * …managed to persuade 2 local having them in their premises. d)…he was nearly rumbled a few weeks later. * …he was nearly discovered a few weeks later. e) Martin’s keen eye for buying low and selling high… * Martin’s special talent for buying low and selling high… f)…you see profit at that age and you can’t really fathom what it is. * …you see profit at that age and you can’t really don´t understanding what it is. g)…the onset of the credit crunch that really tested......

Words: 618 - Pages: 3

Kelly in Japan

...The Japanese culture and customs are very different from what Kelly was used to in the United States. Within the case, the biggest issue with the Japanese businessmen that Kelly saw was the issue of being a woman. With the Japanese culture, many Japanese men do not relate easily to women with authority. This presented a major problem with kelly as she was seen more as an "office lady" then the program manager of her start up internet services company. Her talent as a manager was being overlooked due to their culture. Women in Japan between the ages of 25-30 tend to leave the workplace to start families and may return eventually to a part-time job. Whereas the women in the United States accounted for a 51% workforce in high-paying management positions recorded in 2007. Japan is a highly masculine country. According to previous chapters, another culture clash was the fact that when the Japanese are confronted with a serious question or situation they tend to disregard the problem with either leaving the situation, lowering their heads and becoming quiet, or even leaving the room in a business meeting. This stems from Japan being a less assertive country and neutral in emotional orientation. This can make Japanese businessmen "hard to read". This was the reason Kelly became easily frustrated when her employees did not present the planned proposal. A business card to a Japanese businessman is a very prestigious thing. Kelly did not do enough research as a manager with a country......

Words: 854 - Pages: 4

Kelly Service

...Kelly Services 1012 W 9th Avenue King of Prussia, Pa 19406 30th November, 2014 The Human Resources Manager The Boeing Company, Philadelphia 1 S Stewart Ave. Ridley Park, Pa 19078 To whom it may concern, There is a saying, to be a good team, both entities must complement one another. Look no further, Kelly services will be the compliment to your exemplary workforce. As the premier name in employment placement, we at Kelly Services would like to extend our appreciation for everything you do at the Boeing Corporation. It is my understanding that there is an opening for an internship in the electrical engineering field at your Ridley Park, Pennsylvania location. Working daily with graduates and potential graduates at DeVry University in the electrical engineering major, we feel that we have the perfect piece to your team member seeking puzzle. Luca Ruggiero has expressed interest in this internship and has applied by following the applications guidelines that you have posted on your business website. According to the description, this student not only meets the prerequisite demands, but exceeds them. Enrolled in the Bachelor degree program for electrical engineers, Luca has achieve a three plus GPA. Upon completion of this program, Luca will not only be ABET certified but also will be proficient in circuit analysis, design, and troubleshooting. We can both come to a consensus that in addition to possessing an exemplary work ethic, impeccable......

Words: 309 - Pages: 2

Gary Becker

...Gary Stanley Becker (December 2, 1930 – May 3, 2014)[1] was an American economist. He was professor of economics and sociology at the University of Chicago and at the Booth School of Business. He made important contributions to the family economics branch of economics. Neoclassical analysis of family within the family economics is also called new home economics. He was awarded the Nobel Memorial Prize in Economic Sciences in 1992 and received the United States Presidential Medal of Freedom in 2007.[2] He was a Rose-Marie and Jack R. Anderson senior fellow at the conservative[3] Hoover Institution, located at Stanford University. Becker was one of the first economists to branch into what were traditionally considered topics belonging to sociology, including racial discrimination, crime, family organization, and drug addiction (see rational addiction). He was known for arguing that many different types of human behavior can be seen as rational and utility maximizing. His approach included altruistic behavior of human behavior by defining individuals' utility appropriately. He was also among the foremost exponents of the study of human capital. Becker was also credited with the "rotten kid theorem." Born to a Jewish family[4] in Pottsville, Pennsylvania, Becker earned a B.A. at Princeton University in 1951, and a Ph.D. at the University of Chicago in 1955 with thesis titled The Economics of Racial Discrimination.[5] At Chicago, Becker was influenced by Milton Friedman, whom......

Words: 1079 - Pages: 5

Ceo Gary Kelly of Southwest Airlines

...What is APA Style? The acronym “APA” stands for “American Psychological Association.” The APA is a professional membership organization, whose members work or have degrees in Psychology. Many years back, some leaders in this organization created a format for papers, so that they would be more readable. Their style caught on with non-psychologists, too. Eventually, APA Style became widely used, especially in colleges and universities. APA Style is a format for writing papers. This format describes proper margins (one inch at the top, bottom, left, and right sides), the font size (12 points), the font types (Times New Roman or Arial fonts only), and the spacing (papers are double-spaced). In addition, there are formats for the title page (see example) and for the list of sources used for a paper (called “citations” or “references” or “reference list”). This handout provides examples, so that you will know what the standards are for papers at the university level. In case you feel you need extra help, here are links to the Writing Labs or Writing Centers of other universities. Help with APA Style for Citing References From the APA Style Web site and blog (URLs are below each entry) Sample papers http://search.apastyle.org/?query=&facet=stylecontenttype:Sample%20paperRecommended Web sites that will assist you in creating correct APA style Reference List citations: You put in the information for your sources, and this Web site creates your references in APA...

Words: 497 - Pages: 2