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! :-(