There are two major airlines based in North Texas. Both are publically held and out of the 250+ business days of the year, both hold their annual shareholders’ meeting on the same date. Do we plan it? I really don’t know. I was no where around when the dates were picked by either airline, but much to the chagrin of our local media, Southwest Airlines and American Airlines hold their annual shareholders’ meeting on the same day. Therefore, if you owned shares in both companies and wanted to attend both meetings, you would need to eat a good breakfast, head out the door bright and early and be ready to make the cross-town trek between the two companies' meetings like an Indy car driver. Southwest shareholders: if you missed our meeting, this year we had a surprise—David Holmes, one of our many talented Flight Attendants, rapped about GAAP (Generally Accepted Accounting Principles). Whaaa? Yes he rapped about GAAP, something I had never put much thought to. Also before the meeting, the video monitors were playing several videos that our group worked on recently. LIFT Coffee, Prize Patrol, and My Old Man in Maintenance. I have no idea what American did to entertain its shareholders, but I’m glad I was where I was.
On this episode of Red Belly Radio, I interview David Holmes who rapped his way to more than 1.6 million views on YouTube, the Tonight Show, and the Southwest Airlines flights he works. You’ll also hear his GAAP rap and find out if he really understands the principles of accounting that are involved.
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