AA Management Bonuses - Despite More Losses

[B.O.B.]

I second that!!! Don't forget my Base Chair as well. Completely WORTHLESS!!!!!!

Yes, Ms. Moehring is worthless! Hodgson and Karanen at LGA are also WORTHLESS!! Neither one of them have any b**ls!

 

[TIME FOR CHANGE]

I want my paid time off back, my 17.5%, sick time, and cap on medical insurance increase.

Then if the performace is good, give the million dollor marketing guru another million if you want.

http://www.apapdp.org/cms/index.php?option...d=314&itemid=61

:down:

 

[TIME FOR CHANGE]

Management is reading this and thinking, "Obviously these guys aren't scared enough for their jobs. AA's management is too soft. Nothing motivates an employee like fear."

About the bolded portion: The concessions contemplated furloughs, so there's no real "double savings." The company said that the concessions were worth $1.8 billion annually, and whaddayaknow, the labor/wages/benefits line item in 2004 was almost exactly $1.8 billion smaller than in 2002. The quarterly 2003 savings were something like $400 million in the third quarter and $450 in the fourth quarter, so that's in line with the announced savings.

Sure, the demoralized workers have engaged in a nearly three year slowdown, taking longer than before to accomplish the same tasks. So what? The airplanes are still being properly maintained, they aren't falling out of the sky (you guys continue to do quality work) and the company is saving about what it said would save. From your group alone, something in excess of $660 million each year.


....

remember all that crap when you cant get out on a flight because of a mechanical delay or cancellation.
You get what you pay for

**Moderator Note: Please refrain from quoting a lengthy post. It just makes it easier for everyone to read follow-on posts. Thank you.**

 

[Oneflyer]

It would be better than the current overpaid/porr performance that we have.

The plain fact is that you're not going to find anyone to do it any cheaper.

 

[nbmcg01]

The plain fact is that you're not going to find anyone to do it any cheaper.

How about pay per contract and a hand shake and pat on the back for good performance. That is what most employees receive. Good performance is from a team effort, not a senior mangt, "deal".

 

[Oneflyer]

How about pay per contract and a hand shake and pat on the back for good performance. That is what most employees receive. Good performance is from a team effort, not a senior mangt, "deal".

If you were willing to leave and go work someplace else, then AA would have to pay you more, until then you'll continue to get screwed. More than anything, its the seniority system that is keeping pay down.

Take for example an level 6 director at AA that makes, roughly, $100k per year, has an MBA, CPA, etc... and good solid experience, in the DFW area he can go to two dozen other companies and get $120k or more.

Compare that to an AMT that has 30 years of experience and excels at his job, say he's not disgruntled and is very efficient and knowledgable. If he decided to leave he can't go anywhere were his above average skills are rewarded. He's sent to bottom of the pay scale and gets nothing more than someone straight out of school. How does that make sense?????? You guys are screwing yourself. Eliminating the seniority system would singlehandedly raise wages, because airlines would compete over the best talent. Since management knows you are stuck, they can force any kind of concessions on you, because what ever those concessions are, they are most likely less than the pay cut you'd take if you left.

 

[Bear96]

Compare that to an AMT that has 30 years of experience and excels at his job, say he's not disgruntled...

An AMT with 30 years of experience who is NOT DISGRUNTLED???

Good luck finding one of those ...

 

[AMFAMAN]

Take for example an level 6 director at AA that makes, roughly, $100k per year, has an MBA, CPA, etc... and good solid experience, in the DFW area he can go to two dozen other companies and get $120k or more.

And the fact is, if he or she tanked an outside company from $83/share to $1.25, he or she would no longer be around to see a bonus or enjoy that $120k. The fact is these so-called level 6's stay with their job because they enjoy it, or are too incompetent to compete for the $120k. From experience, the later is the most likely the correct answer.

What exactly have these so-called talents done for this company outside of taking billions away from their employees, causing countless personal bankruptcies, divorces, and other heartaches? The only real expense reductions have been in wages and as pointed out about a week ago on this site, those costs are down the equivalent of the unions' contributions. Outside of labor, booking cost and food are the only other reduction per the SEC reports. Not much of a top-talent decision considering everyones going to internet books and pay-for-food, especially considering we were one of the last to do it.

So what have they done to deserve millions when the company is still losing hundreds of millions and their employees continue to file BK daily?

 

[TWU informer]

If you were willing to leave and go work someplace else, then AA would have to pay you more, until then you'll continue to get screwed. More than anything, its the seniority system that is keeping pay down.

Take for example an level 6 director at AA that makes, roughly, $100k per year, has an MBA, CPA, etc... and good solid experience, in the DFW area he can go to two dozen other companies and get $120k or more.

So pay the man 120K, instead of some scheme that actually pays him 350K or more.

Compare that to an AMT that has 30 years of experience and excels at his job, say he's not disgruntled and is very efficient and knowledgable. If he decided to leave he can't go anywhere were his above average skills are rewarded. He's sent to bottom of the pay scale and gets nothing more than someone straight out of school. How does that make sense?????? You guys are screwing yourself. Eliminating the seniority system would singlehandedly raise wages, because airlines would compete over the best talent. Since management knows you are stuck, they can force any kind of concessions on you, because what ever those concessions are, they are most likely less than the pay cut you'd take if you left.

There may be some truth to this in terms of compensation.

But I have seen first hand how non-seniority works in hard times. I watched AA lay-off(fire) management folks with 18+ years. These individuals were company men all the way, but since they spoke their minds to upper management, and did not belong to any Masonic Lodge Brotherhood, Golf Team, or Wife Swapping Org, these individuals were released from employement. Meanwhile, some of the most worthless management types remain because they belong to one of the numerous good ol'e boy networks and keep their mouths shut.

Yeah, that sounds a like a superior way to have a career with top pay. If anybody doubts this is true, then you are full of crap and out-of-touch with reality of lower and middle management day to day lives.

 

[PRINCESS KIDAGAKASH]

A letter of thanks from upper management:

Dear Tulsa TWU mechanics,

We thank you for saving AA $500 million so we could get our multi-million dollar bonuses this year. You worked hard and pulled together for our shared sacrifice. Our thoughts and prayers are with you as we head to the yacht dealers,in our new Bentleys,to place our orders. It's been tough just living on a salary the last couple of years. Some of us had a real tough time making the payments on our executive mansions, but thanks to the TWU we can not only afford those payments now. We can get that new vacation castle in Vail or Malibu beach. This wouldn't have been possible without team players like you.

Thank you from the bottom of our hearts,
Upper AA management

 

[Oneflyer]

So pay the man 120K, instead of some scheme that actually pays him 350K or more.

There are any level 6s making a third of 350k.

 

[nbmcg01]

There are any level 6s making a third of 350k.

Not to worry about losing those execs..Airline senior mangt. is very much like the NFL. The poorer the performance, the higher the new job. They just keep passing them to another Co. Look how many of AAs former are with Unites (and others). So those bonuses are really just golden parachutes with another name.

 

[B.O.B.]

Not to worry about losing those execs..Airline senior mangt. is very much like the NFL. The poorer the performance, the higher the new job. They just keep passing them to another Co. Look how many of AAs former are with Unites (and others). So those bonuses are really just golden parachutes with another name.

Look at Carty; He gets booted out of AA and now he is sitting pretty at Hawaiian Airlines, pulling off the same s**t

 

[TIME FOR CHANGE]

**Moderator Note: Please refrain from quoting a lengthy post. It just makes it easier for everyone to read follow-on posts. Thank you.**

This post has been edited by Paul: Yesterday, 11:34 PM


How mamy words is considered a lengthy post
3 ????

 

[FWflyer]

This is on www.star-telegram.com today:

Posted on Mon, Jan. 09, 2006

American management bonuses raise ire of labor unions

By TREBOR BANSTETTER
Star-Telegram Staff Writer

FORT WORTH — American Airlines’ unions are steamed about bonuses recently awarded to management, and say the payouts send the wrong message to employees who have endured years of layoffs and cuts in wages and benefits.

Leaders representing pilots and flight attendants denounced the bonuses over the weekend in letters to their respective union members.

"Every person in management needs to clearly understand that it is absolute insanity to pay out seven-figure bonuses at a time when the company is suffering nine-figure losses, mired in eleven-figure debt and seeking further help from its employees to survive for the long term,â€￾ said Ralph Hunter, an American captain who heads the Allied Pilots Association.

The bonuses, part of a long-term performance incentive program for about 1,000 managers, were triggered because of a sharp rise in the stock price of AMR Corp., American’s parent company. Several top executives could receive payouts that exceed $1 million under the program. Most would receive much less, with some receiving just a few thousand dollars.

The exact payout will depend on the price of AMR stock in April.

Gerard Arpey, the airline’s chief executive, did not participate in the bonus program.

"The very poor timing of management bonuses is clearly not in the best interest of this company and its employees who have worked so hard to turn this airline around,â€￾ said Tommie Hutto-Blake, president of the Association of Professional Flight Attendants, in a message to members.

Union leaders were informed of the bonus program when it was created in 2003, and its details were outlined in public reports to the Securities and Exchange Commission. Still, many rank-and-file employees were unaware of the program and in recent days have filled Internet message boards with complaints about the payouts.

Hunter plans to meet with Arpey this week to discuss the bonuses. Both Hunter and Hutto-Blake praised Arpey for not taking a stake in the program.

Management perks are a particularly sensitive topic at American. In 2003, then-chief executive Don Carty was forced out after an employee rebellion concerning lucrative executive retention bonuses and retirement benefits that were revealed just after workers approved $1.6 billion in wage and benefit concessions.

Trebor Banstetter, (817) 390-7064
[email protected]

© 2006 Star-Telegram.com and wire service sources. All Rights Reserved.