Hopeful
Veteran
- Dec 21, 2002
- 5,998
- 347
You were doing well until the "compensation" part. AA executives get paid in stocks/stock options. If AA files for BK, that will go basically down to zero.
In bankruptcy, AA will ask the judge for an increase in compensation for executives "SO AS TO RETAIN THE KEY TALENT, YOUR HONOR! WE CAN'T AFFORD TO HAVE ALL OUR INVALUABLE MANAGEMENT TEAM LEAVE FOR OTHER COMPANIES, ETC ETC ETC."
Then, once AA emerges from the employee raping bankruptcy, the invaluable executives will receive thousands and thousands of shares of the new AA!