More VP's Leaving

[jimntx]

One also has to look at how many of the ex-VPs are now managing directors or some other non-VP title. And, then look at their rates of pay. I would almost be willing to bet that a number of them changed titles with no change in pay. Big effin' savings! I've been this route before with Texaco. Worker bees get laid off, then "managers" get put in their jobs with no change in pay, just title. And, with no background or with obsolete skills to do the new job; so, other worker bees have to take up the slack. It's called rearranging the deck chairs on the Titanic.

There are still 30 or so Vice-Presidents (I just did a quick count; so, if it's not exact, let FWAAA know so he can correct me.), and even a President of Cargo and a President of the Credit Union reporting to the Sr. Vice-President of Finance.

 

[Deleted member 17588]

Eaten live? The company is in the drivers seat now, the unions are in the fetal position. I'm sure she'll be fine.

Josh

You're sure she'll be fine? And that knowledge is based on how many interactions you've had with her? That's right! ZERO!! She's nothing but a spineless megaphone for the company. She's moving into a position where the history of the bar is set pretty damn low.

 

[eolesen]

One also has to look at how many of the ex-VPs are now managing directors or some other non-VP title. And, then look at their rates of pay. I would almost be willing to bet that a number of them changed titles with no change in pay.

Sorry, but watching management turnover is an active spectator sport for those of us who were in the game but no longer affected by it.

There hasn't been a single demotion in this batch, or any of the others that have happened in the past 10 years. All either retired or are pursuing other interests. Involuntary or voluntary lower rated position with pay protection might happen with L6 or below, but I haven't seen it used at the director level or above in the past 10 years.

Big effin' savings! I've been this route before with Texaco. Worker bees get laid off, then "managers" get put in their jobs with no change in pay, just title. And, with no background or with obsolete skills to do the new job; so, other worker bees have to take up the slack. It's called rearranging the deck chairs on the Titanic.

Yeah, uh, again, no. Might have happened at Texaco, but I haven't seen it used at HDQ in the past 10-15 years unless you're talking about the occasional supervisor who steps back a level *if* there's a vacancy and they already have the training for the job.

There are still 30 or so Vice-Presidents (I just did a quick count; so, if it's not exact, let FWAAA know so he can correct me.), and even a President of Cargo and a President of the Credit Union reporting to the Sr. Vice-President of Finance.

Cargo's listed above. Kenji will report to Kreeger, not finance.

Credit Union is a red herring. Employees are seconded from AA to the AACU, but AACU winds up paying the fully loaded cost of their pay and benefits. AACU also pays rent on their space in the airports, etc (not sure if it is at cost or market rate). They've been known to close branches where the rent was too much.

I know it's hard to take something at face value, Jim, but sometimes what you see really is what there is to see.

 

[AA89]

Looking at the latest org chart on AA.Com, AA is now down to 39 executives excluding Garton and Brundage (I'm still assuming he is gone once the S1113 dust settles).

Executives were at either 47 or 48 when the bankruptcy filing took place.

A 20% cut implies 9 heads disappearing. Since March, 6 heads were eliminated, in addition to Arpey and Reding.

Assuming one of the base VP's goes away when AFW closes, they'll have their 9 heads.

The fact that they haven't been replaced and we are still flying airplanes around tells me for sure that they were never needed in the first place. I guess their salaries are being shifted to the BK specialists.

 

[jimntx]

Cargo's listed above. Kenji will report to Kreeger, not finance.

I know it's hard to take something at face value, Jim, but sometimes what you see really is what there is to see.

Just going by what the COMPANY posted on the restructuring web page in a PDF...The formatting is lost when you try to cut and paste, but all of the following were listed in FINANCE ORGANIZATION table. The way they have it formatted, all the names below the Sr. V-P are reports to that particular Sr. V-P. The date on the document is May 1, 2012. Perhaps you have later info that we peons are not privy to.

Finance Organization
Senior Vice President and Chief Financial Officer Bella Goren
Vice President - Corporate Development and Treasurer, Chief Restructuring Officer Beverly Goulet
President – Cargo Kenji Hashimoto
Vice President – Procurement and Supply Chain
John MacLean
Vice President – Finance and Controller
Brian McMenamy
CEO and President – AA Federal Credit Union
Angie Owens
Managing Director – Tax
Jim Fitzgerald
Managing Director – Investor Relations
Greg Schwendinger

Oh, and in my 10 years with this organization, I have rarely been given reason to take on face value anything said by upper management. And we only have to go back to "Pull Together, Win Together." Remember?

 

[AC AA LA FA]

Brace yourself.....I think Denise Lynn is an excellent manager..one of two or three we have remaining here..

there..Ii said something mice about management.!!

 

[Duke787]

http://blogs.star-telegram.com/sky_talk/2012/05/analyst-amr-may-have-sensed-bankruptcy-court-is-attracted-to-us-airways-plan.html


This article says a lot about AA's culture, a time when the unions give anywhere from a 13% - 22% in pay alone to help management run the company during tough times, to a time when the unions are negotiating 4 years without a contract being reached. If the TWU is giving AA's executive's problem's, that just says that those executives are going too far with their actions towards labor.

One thing I don't think the executives get, is that the employee's are on the same side as AA's executives, no reason to use tough business tactics against us, the airline can go only as far as the employee's make it.

 

[eolesen]

Just going by what the COMPANY posted on the restructuring web page in a PDF...The formatting is lost when you try to cut and paste, but all of the following were listed in FINANCE ORGANIZATION table.

Not privvy to anything other than what was announced. Historically, Cargo was part of Operations, with Brooks having reported to Bob Baker, Ralph Richardi, and then Tom Del Valle.

If they've really moved to Finance, it's an odd place. Then again, maybe 22 year old from McKinsey or BCG put together the PDF you're looking at, and didn't know the difference...

I forgot to mention two departures just below the VP level ---

Carl Nelson retired; he had been AA's lawyer in dealing with the DOT for what seems like forever

Charlie Sultan, who was heading up AAdvantage Partner Marketing and had done other jobs in marketing. I'm not surprised to see him being recruited away.

 

[jersey777]

Brace yourself.....I think Denise Lynn is an excellent manager..one of two or three we have remaining here..

there..Ii said something mice about management.!!

I have to agree. When she was head of Flight Service her updates were informative and not full of the fluff that Laura Curtis spews out. Also, Denise Lynn personally called a friend of mine that is a purser to thank him for a good letter from an Exec Platinum. You have to respect and admire that kind of personal outreach to the people that you are managing.

 

[fltguymk]

The fact that they haven't been replaced and we are still flying airplanes around tells me for sure that they were never needed in the first place. I guess their salaries are being shifted to the BK specialists.

Absolutely!!

 

[Barfbag]

[/LIST]

Total VP count: to be determined....
[/quote]



Like RATS on a sinking ship..

 

[lax]

[/LIST]

Total VP count: to be determined....

Like RATS on a sinking ship..

Speaking of rats the Head Rat, Tom Horton, was spotted at dfw of all places. Not catching a flt, but LOADING the front belly of a 737, bound for SEA, on C24. Not sure what thats going to accomplish at this juncture, but it is what it is!

 

[lax]

[/LIST]

Total VP count: to be determined....

Like RATS on a sinking ship..

Speaking of rats the Head Rat, Tom Horton, was spotted at dfw of all places. Not catching a flt, but LOADING the front belly of a 737, bound for SEA, on C24. Not sure what thats going to accomplish at this juncture, but it is what it is!

 

[eolesen]

Hey, at least he's making an effort to see how easy or difficult the work environment is. When's the last time you saw Pappas or one of the MD's out of the office, much less out on the ramp throwing a bag?

 

[MCI transplant]

<_< -----A little late to be trying to improve his image pretending to be just one of the boys isn't it?