whistleridge: A lifetime of free first-class flights for him and his wife? Depending on how often they choose to fly, that could be another $20 million in benefits right there. Especially if those tickets are good for alliance partners as well.
hej: I wonder how much money he would have expected if he hadn't lead American Airlines to bankruptcy.
buzzcut73: hej: I wonder how much money he would have expected if he hadn't lead American Airlines to bankruptcy.He took over after the bankruptcy was filed. Gerard Arpey was in charge right up until they filed, then left when they filed.So, on the one hand, Horton knew he'd be leading the company through a Ch 11, on the other, there was probably some agreement to pay him a decent amount of money to do so.I think the guy does deserve to get paid, the Ch 11 has gone pretty smoothly, all things considered. They've kept flying, posted a profit in at least one quarter, and negotiated a decent merger where hopefully things will be more AA and less US when all is said and done, though I imagine the labor issues are going to be fun to watch...US currently has East and West groups from their last merger (US and America West), it may be there will be a East, West, and South because the unions won't agree on a seniority list.
buzzcut73: He took over after the bankruptcy was filed.
Dr Dreidel: // you honestly think 400 people couldn't be CEOs-by-committee (or an anarcho-syndicalist business, where they take it in turns to act as executive for the week...) and do at least as good a job as the current CEO?
AdolfClamwacker: I believe the phrase you're looking for is "Too many chiefs and not enough Indians"
RatOmeter: I like to play a little game.When I hear bad news about a company that causes its stock price to tumble, but I suspect the company will survive the ordeal, I pretend "buy" $1000 worth of their stock. Last November, I "bought" 2778 shares of AAMRQ at $0.36 per share. Today their stock is up to $4.14 (when I last checked). That makes my virtual nest egg worth $11,500. Fun game./wishes he actually did make that investment.//is too chicken to actually risk the dough.
H31N0US: whistleridge: A lifetime of free first-class flights for him and his wife? Depending on how often they choose to fly, that could be another $20 million in benefits right there. Especially if those tickets are good for alliance partners as well.I would take that alone! First class, anywhere you wanted to fly, whenever you wanted to go? That would be amazing.
BolloxReader: hej: I wonder how much money he would have expected if he hadn't lead American Airlines to bankruptcy.None. Ever since deregulation the passenger airline industry has relied solely on bankruptcy to stay in business. Once one company jettisons their debt it gives them a competitive pricing advantage. This forces the others to do the same or get undercut all the time.The airline industry is not generally solvent and will not be solvent so long as flights remain so inexpensive. What I haven't figured out is why people keep lending them money after yet another bankruptcy.
GBmanNC: As an AA employee, I'd like to remind everyone that employees fly STANDBY and with flights as full as they are now days it isn't as good a deal as you think. I mean yeah, I'm going to dc tomorrow, LA next week and Madrid at the end of april but...it isn't all butterflies and rainbows.
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2017 Fark, Inc | Last updated: Aug 22 2017 15:50:25
Runtime: 0.286 sec (285 ms)