The Digital Sound Of India

Spice Jet CEO, Neil Mills quits his job on 23 July 2013 at 23:00 hrs. He is not responding to any of the calls. This is the second resignation by the top officia of the Spice Jet airline in the recent times. One month back Chief Commercial Officer Harish Kutty has exited the organisation.

Mills had joined the Kalanithi Maran-controlled airline in October 2010 from FlyDubai. He had succeeded Sanjay Aggarwal, who was moving to Kingfisher Airlines. But, since last September, Mills had been relegated to the second position in the hierarchy as board member S Natrajan was elevated to the managing director’s post.

Sources say that the delegation of powers and lack of operational freedom to run the organisation has made Mills quit the organisation.

Under Mills the number of routes of Spice Jet increased from 22 in 2010 to 54 a few months ago. It recently crossed 55 million passenger mark and operates with over 50 planes comprising of Boeing 737 and Bombardier Q 400 turbo prop planes.

Source: Business Standard

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Chicago's financial status is not very healthy. May listen from it pretty soon, if the situation continues.

It was detroit on cards for the last few weeks and now the tide has turned to Chicago. After the recent bankruptcy filing in Detroit, which has raised red flags about other major U.S. cities also dealing with billions in under-funded retiree benefits, the question has arised who would be next?

Just last week, Chicago’s credit rating was downgraded as a result of its $19 billion in under-funded pension liabilities. Top Investor service company, Moody's Investors Service called the liabilities “very large and growing" and warned that Chicago, the country’s third-largest city may face a “tremendous strain’’ in trying to meet future funding requirements and public safety demands.

A similar scenario, though decades in the making, largely doomed Detroit, whose average police response time has grown to more than 50 minutes.

Illinois and Michigan are also not that far behind.

Read how Detroit got under trouble

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