MxCtrlr From United States of America, joined Nov 2001, 2485 posts, RR: 36
Reply 3, posted (10 years 12 months 1 day ago) and read 2640 times:
I think (IMHO) that once a CEO's credibility is shot, there's little hope for their continued employment. That said, it would not only be Carty, but several members of upper management, that have lost credibility as well.
This is what these greedy mis-managers don't realize - The rank-and-file of your airline are not stupid; if they were, why did you hire them to run your company? That being said, why do they continue to treat their employees like they don't understand how it works? No one pays you or I a "retention bonus" and we are the ones who really make an airline work - not upper management! They merely provide the corporate culture for us to perform our jobs in and empower (or not) us to make it all work!
If $800K last year and over $500K this year isn't enough financial incentive for you, Mr. Carty, then leave! I'm sure the fine folks at AA could find any number of candidates from their own ranks that would be far better equipped to do the job required and would do it for half of your pay - without "retention bonuses" and fully-funded, fully-protected pension plans!
Nope. Carty and AA upper mis-management really stepped on their collective johnsons with this bonehead stunt and I think (IMHO) they did irreparable damage to themselves (and hopefully not to the airline as well).
Freight Dogs Anonymous - O.O.T.S.K.
DAMN! This SUCKS! I just had to go to the next higher age bracket in my profile! :-(
Adh214 From United States of America, joined Sep 1999, 357 posts, RR: 0
Reply 4, posted (10 years 12 months 1 day ago) and read 2624 times:
I think Carty should go but I can't help thinking that he has become the scape goat in this one. (but pay me $800K and you can use me as a scape goat all day) The board of directors approved the retention packages and the special pension. If I were a shareholder at AMR, I would want the board to be replaced in addition to upper management. Maybe the DIP lenders will demand this if American goes into Chapter 11.
N777UA From United States of America, joined Mar 2010, 0 posts, RR: 0
Reply 5, posted (10 years 12 months 23 hours ago) and read 2593 times:
It seems that every major airline has had it's own "CEO from hell" who either has destroyed the airlne or come close to it. TWA had Icahn, Eastern had Lorenzo, Pan Am had someone (name escapes me), United had Goodwin, Air Canada has Milton (not too familiar but I've heard bad stuff about him)...there are probably a few others.
Whoever quoted "good things come to those who wait" obviously wasn't thinking of the airline industry when they said that. Carty evidently thought that and took a "wait & see what happens to United" before making any brash decisions...well now he can see what is happening at United...they're making a comeback, have labor/mgmt harmony, drastically lower labor costs, extremely pleased DIP lenders...those all look good in my eyes.
Though when it was introduced it didn't work to well...but now I think it's time to resurrect an old slogan....