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CHARLOTTE, N.C. -- Looking back, Joe Leonard says he was misled when he was hired at AirTran(AAI Quote), because somebody told him the airline had close to $30 million, when the amount was actually about $10 million.
"I did a bad job of due diligence," says Leonard, who stepped down May 31 as chairman of the carrier he joined in 1999. "If I had done a proper job, there is no way in the world I would have come here." Leonard will turn 65 on July 10.
Things worked out pretty well, though. When Leonard arrived, AirTran was truly in sad shape, but today the carrier "is rocking along," he says. ...
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