June 01, 2006

New MassPort Head

Boston Globe story.. Notice no mention of Worcester airport when listing projects run by MassPort???

BOSTON --Craig P. Coy, who stabilized the Massachusetts Port Authority in the aftermath of the Sept. 11, 2001, terrorist attacks, announced Tuesday he was resigning to work for a private company focusing on homeland security.

Coy, a 20-year veteran of the Coast Guard and former White House Fellow and adviser on counterterrorism, was portrayed as a silver-haired, senior executive when he was hired in March 2002. He replaced Virginia Buckingham, a well respected but political appointee with little transportation experience who was heading Massport when two commercial jets were hijacked from Logan International Airport and flown into the World Trade Center.

"This unexpected, new opportunity will allow me to continue to focus on homeland security issues, to contribute to measures to protect our transportation infrastructure from the threat of terrorism, and to build on the many other accomplishments we have worked together to achieve here at Massport," Coy wrote in an e-mail to his staff under the heading, "A Personal Note."
Coy, who signed a five-year contract extension two months ago, announced he had accepted a job at L-3 Communications as president and chief operating officer of its Homeland Securities Group, a job change confirmed by Massport spokeswoman Danny Levy.

Coy added in his e-mail: "Together, we have accomplished a tremendous amount, including the reorganization of the authority around the concept of business units; completion of the nation's first "inline" hold baggage screening program; and the completion or near completion of construction on Terminal A, the International Gateway, the Terminal Area Roadway system, and Runway 14/32. "In addition, together we have made significant progress in enhancing the profitability and security of our Maritime operations through, among other things, the implementation of our nationally recognized Maritime Transportation Security Act plan," Coy said.

The Massachusetts Port Authority is an independent public authority which runs bridges, seaports and airports, including Logan and Hanscom Field in Bedford. "Craig Coy did an excellent job at Massport, and brought a new level of professionalism to the agency. We're sorry to be losing him to the private sector," said Eric Fehrnstrom, spokesman for Gov. Mitt Romney, who will appoint a replacement. The Massport chief executive's job is a political plum, presiding over a vast empire on land, sea and in the air. The agency has often been derided for patronage, but Coy -- a graduate of the U.S. Coast Guard Academy and Harvard Business School -- cultivated a business culture focused on "paradigms" and "metrics," former aides said.

Under the terms of Coy's recent contract, he was to be paid $250,000 a year with a promise of two percent annual cost of living increases and the potential for bonus pay. Potential replacements could include Thomas J. Kinton Jr., a Massport veteran who oversees aviation matters, and Ranch Kimball, state secretary of economic development. Romney appointed Kimball to the Massport board in April 2004. L-3 Communications, headquartered in New York, provides secure communications and transportation technology to clients including the Department of Defense, the Department of Homeland Security and other government agencies and private companies, according to its Web site. Among its products are flight data and voice recorders, the so-called "black boxes" used to investigate aviation accidents

9 comments:

Anonymous said...

Massport does not really run the operations at Worcester, but the article could have stated acting financial consultant.

How will Mr Coy's leaving affect Worcester/Boston Airport?

Anonymous said...

Time will tell Pete. Let's hope it is someone with at least transportation experience that sees the potential of purchasing/operating ORH.

Bill Randell said...

I have no idea what Mr Coy's leaving means. Pete, you are right that MassPort does not really "run" the operations at ORH.

I meant it more that the Boston Globe not even mentioning ORH shows that they do not even take ORH as being "in the picture". Lets hope the new head of MassPort sees the advantage of having three airports to "run" and wants to buy ORH.

Anonymous said...

Bill, if you hold an auction and I am the only bidder who shows up, are you going to be a happy camper?

If I own a few hundred apartments and 95% of them are empty, do I auction off the apartments when there is very likely only one bidder at the table OR do I fire the property manager first and then see how my vacancy rate is in the future?

Bill Randell said...

Jahn:

Great question... You fire the property manager..

Here is where I may differ with some. MassPort has not been the property manager, they have just been paying our bills. We have been the property manager.

Bring in MassPort to own the airport even if they are the only bidder at $1. We would save millions of dollars per year and the economic spin-off from the airport when it is managed by MassPort would be another plus.

Anonymous said...

Bill you make sense. There's an old saying which basically goes "I'll eat dinner with you, but I don't want to live with you."

The same goes w/ Massport. Their $$
is good, but don't tell us what to do, we know best.
I think people fear Massport. They might bulldoze Worcester for an access road, or force out the apathetic tenants. Well, they just might. Unless there will be an eleventh hour savior, Worcester has a chance to save millions.

Anonymous said...

That's my point. Fire whoever is marketing and managing the airport and bring folks with a proven track record.


You dont sell (at a possible fire sale) a major city asset until you at least give a proven manager a chance to show you his stuff.


If the team is playing .375 ball, typically a change in mangerial talent is the course to follow before you sell off the entire franchise.

The new manager brings in his a new pitching coach and a new hitting coach and makes some line up changes.

On another note, I was driving on 290 Saturday night and paassed by a Tornadoes game in progress. The place looked to be 3/4 full. It made me feel good that Worcester is on the minor league baseball map finally and the night lights were shining so bright.

As I passed by Kelley Sq, I thought to myself, wont it be also nice to see 2 commercial jetliners locked on to the Worcester Airport runway

Anonymous said...

I agree jahn, and that change should be Massport.
The bottom line is the airports be a success. If Massport is given autonomy to run the airport, they will bring airlines in. Massport needs to be able to make decisions.
Worcester should negotiate a long term lease with a % of profits with a minimum requirement.

Anonymous said...

A good idea for Worc. Airport? Todays Globe headline:


" Devens Lands Bristol Myers - Government, Business, Colleges Come Together As A Sales Force."

One of the big problems we face is getting government to realize they are not best suited for running enterprise type businesses where they may have to compete against the private sector, be it a city hospital, a Belmont Home, an airport, a convention center, a union station and so on. There are always problems and egos and personalities and public sector job loss to deal with when government has to own up to failure. Politicians disdain putting their voting constituency in the umemployment line.

Using the DCU center aas an example, let's 100% privatize the management and operations of Worcester Airport before we toss out the baby with he bbathwater.


Too bad that reading further into the Globe one sees that Fidelity is about to ship 5000 jobs to North Carolina and Gillette may give up the 1/3 of the Prudentail tower they are renting.