Arpey's 11% raise for losing nearly half a billion dollar$ and the pay of his comrades should be revoked. If these SOBs want a raise, they'll have to make some money or get out leaving the door open for those who could.
With most of AMR's stock being held institutionally, I can't imagine why that would continue unless there were special consideration given to them over the rank and file shareholders (like stock issued to cover losses and generate "goodwill") as they aren't making any money from their investments. A federal investigation is warranted and long overdue.