Pay Cuts

[Connected1]

So management refers to our *huge* group of 50 officers?

Then I must be some sort of special breed of employee... The type that gets none of the pay but all of the flack from the front-line.

No wonder I'm in favor of a Continental-style restructuring.

 

[grndproxwarning]

[blockquote]
----------------
On 12/11/2002 3:53:09 PM WingNaPrayer wrote:



[BLOCKQUOTE]
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On 12/11/2002 1:13:17 PM Connected1 wrote:

Did it ever to occur to anyone that you never hear about management pay cuts or wage freezes because management salaries are not set via a political process, as are union wages? How many of you were surprised to hear that this is the SECOND STRAIGHT year that management has gone without raises? (Let's not mention profit sharing.) Maybe you would also be surprised to hear that airline management sacrifices "perks" that exist in other industries because of the political turmoil that they would cause amongst our unions.

If being in management is all about power-mongering and living high off the hog, where is my crown and scepter?----------------[/BLOCKQUOTE]

Man did you ever just fall off the turnip truck! They aren't taking direct raises or bonuses, and following 9/11 all the directors of the corporation waived their compensation packages for the last two months of the year, but let there be absolutely no mistake....they are not going without.

If you are not familiar with PSU's, then look into it. If you think management is doing without, then perhaps you need to understand that phantom stock units were issued to key management and directors IN LIEU OF those salary and/or benefit increases. That means they were issued common stock shares to replace what they otherwise would have been given as a salary or benefit increase. Likewise, directors are given common stock in place of the exorbitant fees they are normally paid for attending a meeting, i.e., retainers and meeting fees. The last time this arrangement was filed was on 11/29/02, just a couple of weeks ago when the stock was trading at around $5.40 per share. Now, that same stock is trading at about $7.45 per share so......you can't tell anyone they didn't get a raise, because of the stock in exchange for salary they gave themselves, they are getting MORE than what their "raises" would have been. They do this every month, and have done so at least since 11/01.

Before you start jumping on the defensive for management again, at least for upper/executive management, find someone who has access to the Edgar database and have yourself a ball looking into all the SEC filings. You just might be AMAZED at how much executive management is NOT doing without!

Hopefully, these links will work and you can tie into some recent filings.



[DIV class=newsdate]12/02/02 1:23PM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C12%5C02%5CEN0001196913%2D02%2D0000170000006201%2Etxt&cdtime=12%2F2%2F2002+1%3A23%3A00+PM&currpage=2&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]RODGERS JOE M files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]12/02/02 1:23PM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C12%5C02%5CEN0001196913%2D02%2D0000180000006201%2Etxt&cdtime=12%2F2%2F2002+1%3A23%3A00+PM&currpage=2&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]STAUBACH ROGER T files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]12/02/02 1:08PM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C12%5C02%5CEN0001196913%2D02%2D0000160000006201%2Etxt&cdtime=12%2F2%2F2002+1%3A08%3A00+PM&currpage=2&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]PURCELL PHILIP J files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]12/02/02 1:05PM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C12%5C02%5CEN0001196913%2D02%2D0000150000006201%2Etxt&cdtime=12%2F2%2F2002+1%3A05%3A00+PM&currpage=2&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]CODINA ARMANDO M files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]12/02/02 1:02PM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C12%5C02%5CEN0001196913%2D02%2D0000140000006201%2Etxt&cdtime=12%2F2%2F2002+1%3A02%3A00+PM&currpage=2&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]BRENNAN EDWARD A files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]12/02/02 12:31PM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C12%5C02%5CEN0001196913%2D02%2D0000130000006201%2Etxt&cdtime=12%2F2%2F2002+12%3A31%3A00+PM&currpage=2&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]BACHMANN JOHN W files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News



[DIV class=newsdate]11/01/02 10:48AM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C11%5C01%5CEN0001196913%2D02%2D0000120000006201%2Etxt&cdtime=11%2F1%2F2002+10%3A48%3A00+AM&currpage=3&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]STAUBACH ROGER T files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]11/01/02 10:45AM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C11%5C01%5CEN0001196913%2D02%2D0000110000006201%2Etxt&cdtime=11%2F1%2F2002+10%3A45%3A00+AM&currpage=3&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]RODIN JUDITH files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]11/01/02 10:42AM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C11%5C01%5CEN0001196913%2D02%2D0000100000006201%2Etxt&cdtime=11%2F1%2F2002+10%3A42%3A00+AM&currpage=3&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]RODGERS JOE M files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]11/01/02 10:39AM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C11%5C01%5CEN0001196913%2D02%2D0000080000006201%2Etxt&cdtime=11%2F1%2F2002+10%3A39%3A00+AM&currpage=3&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]CODINA ARMANDO M files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]11/01/02 10:39AM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C11%5C01%5CEN0001196913%2D02%2D0000090000006201%2Etxt&cdtime=11%2F1%2F2002+10%3A39%3A00+AM&currpage=3&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]PURCELL PHILIP J files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News[/DIV]



[DIV class=newsdate]11/01/02 10:29AM[/DIV]

[DIV class=newstitle][A href="http://www.nasdaq.com/asp/quotes_news.asp?cpath=D%3A%5Cwww%5Cnasdaq%5Cnews%5Cen%5C2002%5C11%5C01%5CEN0001196913%2D02%2D0000070000006201%2Etxt&cdtime=11%2F1%2F2002+10%3A29%3A00+AM&currpage=3&coname=A+M+R+CORP&market=NYSE&PageName=Company+News&selected=AMR&symbol=JBLU%60&symbol=AMR%60&symbol=AAR%60&symbol=NWB%60&symbol=UAL%60&symbol=CAL%60&symbol=DAL%60&symbol=LUV%60&symbol=AWA%60&symbol=UAWGQ" target=_top]BRENNAN EDWARD A files Form 4, Statement of Changes in Beneficial Ownership of AMR CORP[/A][/DIV]

[DIV class=newssource]Edgar News

*****
And so on and so forth.....this isn't light reading but if you really give a šhit, you'll have a look.

[/DIV][/DIV]
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[/blockquote]
Very interesting!!!
Sure looks like Gunn is unloading a few shares..
4 million dollars worth..
Must of bought a few more homes..

 

[grndproxwarning]

Whoops!
Horton hears a Who just bought some stock..
Whats up with that wings