The suggestion was probably made that we might go for 'non-traditional compensation' because we saw and want some of the big money the big boys got.
Little made some noise early on about our pittance of shares' value being diluted due to the new shares given the management soon to flood the market, then it all rather quietly went away after Little and company were, no doubt, bought off by AA as a 'little' understanding of how management took their bonuses from the shareholders value would be a not-so-nice thing for the workers to understand. As is typical, our darling twu has fallen down on the job again.
What small amount we might get, if anything at all, will be from company funds, not from the shareholders as management did. This 'non-traditional' compensation will, no doubt, be based on the stock price, which as before, will be severely diluted after the management gets their bonuses, leaving no payout for us.
Example - on 1/17/2007, AMR stock closed at $41.00 per share. One month later when the various institutional stockholders adjusted (sold off AMR stock) their portfolios due to what they saw coming, the stock closed at $24.06 on 2/20/2007. Many of the large shareholders eliminated their positions in AMR. Look at the 13-D forms on the SEC website for 2006 and 2007 respectively to see who owned and sold in that one years' period. FMR Corp. (Fidelity Funds) is now the major institutional holder, I believe. Between April and May 2007, there was close to a $6.00/share decline directly due to the bonus activities (management sales of granted stock).
These large stockholders are the ones who keep reelecting the board of directors we have - look up those people and their histories. Any wonder the company has gone to hell in a handbasket?
We have many enemies, and most all are within.