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  "documentTitle": "jetBlue | Mergers and Acquisitions Presentation Deck | 37 slides",
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  "presentationDate": "2022-05-01 00:00:00",
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  "notes": "Uses an org-chart style diagram to visualize board conflicts of interest.",
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      "kind": "diagram",
      "text": "Composition of Spirit’s Board of Directors at time of Frontier announcement",
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      "text": "Appointed by Bill Franke; Former Frontier executive",
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      "text": "Until 2013, Indigo Partners, Bill Franke’s investment firm and the majority shareholder of Frontier, controlled Spirit Airlines. Multiple Spirit Directors involved in the decision to merge with Frontier have significant ties to Bill Franke, who appointed each to the Spirit Board. Length of tenure and known conflicts display poor governance. Frontier has promised Board seats on the combined entity to 5 out of the 8 current Spirit Directors. Shareholders should be concerned that the Spirit Board is only serving the interests of Frontier / Indigo Partners",
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      "text": "Spirit’s Board is conflicted and is not serving its shareholders’ best interests",
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