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July 19, 2007

TODAY'S TOP STORY:

Southwest's Kelleher, Barrett stepping down


Southwest said Herb Kelleher and Colleen Barrett will remain with the company for five years after leaving their current posts.
FILE/DMN
Southwest said Herb Kelleher and Colleen Barrett will remain with the company for five years after leaving their current posts.
By TERRY MAXON / The Dallas Morning News

Southwest Airlines Co. said Thursday that chairman Herbert D. Kelleher will leave his post as chairman at the airline’s annual meeting in May 2008.

President Colleen Barrett will also step down from her job on July 15, 2008.

"After 41 years as an officer and director of Southwest Airlines, I will be resigning from those positions as of our shareholders' meeting in May 2008," Kelleher said.

"Why? Because our organizational transition that began in 2001 will then be complete and because I have unalloyed respect for, and confidence in, our CEO Gary Kelly and his superb cadre of Southwest officers.

"Southwest's future is bright – and so are they!” he said.

Mr. Kelly received a new contract through Feb. 1, 2011.

Read more in tomorrow's Dallas Morning News or online at dallasnews.com/business
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TOMORROW'S INSIGHTS TODAY: Steve Brown

Why the disconnect between jobs, real estate?

Dallas-Fort Worth leads the country in employment growth.

There are more new jobs here than probably anyplace else on the p***t.

OK, maybe there are more new workers in some auto plant in China or answering the phone in India. Even so, the latest statistics show our employment market is smoking.

So why isn't the local real estate market doing better?

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