Change at the top

[AA80Driver]

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On 4/22/2003 143 PM KCFlyer wrote:




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What difference would it make?  You guys are upset at the top 50 execs, right?  Who would be the interim CEO...one that would have the trust of both labor and lenders? 

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If it wouldn''t make any difference, why do we pay them so much?

 

that may be good news...where can i read this other than a rumor

 

[joejett]

I don't know where you live,but it was on the Channel 8 wfaa and channel 4 kdfw noon time news.So watch the 4:00 and 5:00 news.

 

[joejett]

Local DFW Media is saying AMR B.O.D IS considering either asking for or already has Cary''s Resignation.This came during a interview with a spokesmen for the APA.

 

[KCFlyer]

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On 4/22/2003 12:59:41 PM joejett wrote:

Local DFW Media is saying AMR B.O.D IS considering either asking for or already has Cary''s Resignation.This came during a interview with a spokesmen for the APA.

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What difference would it make? You guys are upset at the top 50 execs, right? Who would be the interim CEO...one that would have the trust of both labor and lenders?

 

[mga707]

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On 4/22/2003 143 PM KCFlyer wrote:

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On 4/22/2003 12:59:41 PM joejett wrote:

Local DFW Media is saying AMR B.O.D IS considering either asking for or already has Cary''s Resignation.This came during a interview with a spokesmen for the APA.

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What difference would it make?  You guys are upset at the top 50 execs, right?  Who would be the interim CEO...one that would have the trust of both labor and lenders? 

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No, it really wouldn''t make much difference, but it would be the honorable thing to do.
If Carty were the CEO of JAL rather than AA he would''ve already resigned...and maybe even fallen on his sword!

However, we live in a culture (and business climate) where "shame" and "dishonor" are merely archaic concepts...

 

[KCFlyer]

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On 4/22/2003 2:43:07 PM mga707 wrote:

No, it really wouldn''t make much difference, but it would be the honorable thing to do.
If Carty were the CEO of JAL rather than AA he would''ve already resigned...and maybe even fallen on his sword!

However, we live in a culture (and business climate) where "shame" and "dishonor" are merely archaic concepts...

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Quite correct mga707. In todays business climate, CEO''s who are forced out are paid handsomely, and are often times paid additional "consultant" fees, as was the case with one of our local CEO''s. T''ain''t right, but that''s the way it is.

But the question then becomes...who leads AA if Carty resigns? You really can''t be conducting an executive search while talking with your bankers about structuring a bankruptcy. And, IMHO, the "Catch 22" of the whole thing is, Carty is vilified for his "greed", but to lure a capable executive to take over a troubled company will take a pretty significant "signing bonus". And I can''t help but feel that a labor force who feels that they are funding one executives excess pay will greet another exec who just took a tremendous guaranteed package to take the helm.

 

[mga707]

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On 4/22/2003 2:52:38 PM KCFlyer wrote:


But the question then becomes...who leads AA if Carty resigns?  You really can''t be conducting an executive search while talking with your bankers about structuring a bankruptcy.  And, IMHO, the "Catch 22" of the whole thing is, Carty is vilified for his "greed", but to lure a capable executive to take over a troubled company will take a pretty significant "signing bonus".  And I can''t help but feel that a labor force who feels that they are funding one executives excess pay will greet another exec who just took a tremendous guaranteed package to take the helm. 

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All good points, but how about reviving another concept that has seemingly become old-fashioned in the current business culture: Promotion from within!

In a company the size of AA, surely there is SOMEBODY with ''the right stuff'' just waiting for an opportunity to show what he--or, how about she, can accomplish.

Call me a fossil, but I like loyalty!

 

[TWAnr]

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On 4/22/2003 445 PM Imagolfer wrote:

Carty has done an exemplary job until this latest feaux paux.

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How soon we forget about bumping revenue passengers off a flight, so that he could get away for a long Valentine''s Day weekend with his wife and three years old son in Puerto Vallarta.

Perception is just about everything nowadays.

 

[AAmech]

Arpey is probably skilled enough to do the job but I think he''s too young (or looks too young) for potential financiers to take seriously. We losted the Carty Heir Tom Horton to a big salary at ATT (but AA doesn''t need a retention plan). And Bob Baker passed away, God bless him. So I guess we execute the UAL plan and go find a rookie, pay him 4X Carty''s salary, and have someone walk him around and show him what a plane looks like!

 

[Imagolfer]

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On 4/22/2003 4:38:12 PM TWAnr wrote:

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On 4/22/2003 445 PM Imagolfer wrote:

Carty has done an exemplary job until this latest feaux paux. 

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How soon we forget about bumping revenue passengers off a flight, so that he could get away for a long Valentine''s Day weekend with his wife and three years old son in Puerto Vallarta.

Perception is just about everything nowadays.

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He did not BUMP anyone from the flight. Senior Management is allowed confirmed positive space travel. IIRC, he and his son flew coach. This is a benefit of a senior officer of the company. All stewardesses, oops, I mean Flight Attendents think that when they see a Senior exectutive on a PS pass, they think they bumped another paying pax. If you want PS pass privelages, I suggest you get an education and become a Managing Director. Please do not use this as an exuse to divert from the original topic

 

[Imagolfer]

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On 4/22/2003 4:16:32 PM AAmech wrote:

Arpey is probably skilled enough to do the job but I think he''s too young (or looks too young) for potential financiers to take seriously. We losted the Carty Heir Tom Horton to a big salary at ATT (but AA doesn''t need a retention plan). And Bob Baker passed away, God bless him. So I guess we execute the UAL plan and go find a rookie, pay him 4X Carty''s salary, and have someone walk him around and show him what a plane looks like!

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While Arpey may look young, you have to remember he is a legacy and has been being groomed since the Crandall days. Everyone calling for Carty''s resignation must think, Who is the best alternative? IMHO, Carty has done an exemplary job until this latest feaux paux.

No matter what an executive does at a Fortune 500 company, he/she is scurtinized to the enth degree. What Carty is being paid or compensated for is not different from any major corporation, yet the unions feel it is their GOD given right to claim THEY have to have a say in what the executive are paid... If the union employees want to have such nice bennies..Get an MBA and get into management, otherwise keep your blue collar job!

 

[Oliver Stone''s Apprentice]

I didn't heard anything about a resignation in our VP briefing today, but that doesn't mean it isn't being considered.

I think Arpey could do just fine if asked. He's about the same age as Dave Siegel (US), so I don't know that age is really a consideration. Horton never had a chance of being CEO.

The bigger question is how a CEO change would affect the proposed DIP financing. Remember that risk coefficient called "unknown"??? A CEO change can be just as risky as going into Ch.11 without labor agreements.

 

[BDLDFW]

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How soon we forget about bumping revenue passengers off a flight, so that he could get away for a long Valentine''s Day weekend with his wife and three years old son in Puerto Vallarta.

Perception is just about everything nowadays
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How soon we forget home computers for employees and reduced-rate/free non-rev travel.

Perception is just about everything nowadays

 

[IORFA]

Hey GOLF dude,

Lets not forget that IIRC 2 people were paid to get off that oversold flight, and Carty''s excuse was "He didn''t know, as he arrived late to the flight" well, if he was late, he shouldn''t have been let on. Secondly, we are/were losing money at the time, he should have known better than to allow passengers to be removed with travel vouchers, so he could go on vacation on that flight. The next flight a few hours later to PVR had space, he should have gone then. It gives the perception that he could give a s**t!!


BDLDFW,

I hope you are not talking about the REBUILT computers from Dell. A lot of people are having trouble with them and not receiving much tech support from Dell as promised. These things were returns that were rebuilt and are sh*t. Don''t think that AA didn''t get a smokin deal for them either. Carty is on their board of directors. Also, the hope is to get every employee to do all of their bids and email printing from home. Thus you pay for the things AA HAS to provide for work. I.E. bid sheets and pay advices. Now they are even restricting the jetsets from printing bidsheets. It never ends. I think you need to stop drinking the Kool-AAid. It isn''t becoming.