Merger OKed, CEO bonus on hold, pilot speaks
03-27-2013, 01:07 PM
#1
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Joined APC: Apr 2012
Posts: 74
Merger OKed, CEO bonus on hold, pilot speaks
AMR merger with US Airways approved, but $20M CEO severance/bonus on hold | LeveragedLoan.com
$20M bonus not currently approved, on hold...
A lone American Airlines pilot was among the parties to speak at today’s hearing, reading a prepared statement that decried the large bonus and general lack of leadership among company management over the past decade. He proposed an alternative offer for Horton: $500,000 and free coach tickets for life...
AMR merger with US Airways approved, but $20M CEO severance/bonus on hold | LeveragedLoan.com
$20M bonus not currently approved, on hold...
A lone American Airlines pilot was among the parties to speak at today’s hearing, reading a prepared statement that decried the large bonus and general lack of leadership among company management over the past decade. He proposed an alternative offer for Horton: $500,000 and free coach tickets for life...
AMR merger with US Airways approved, but $20M CEO severance/bonus on hold | LeveragedLoan.com
03-27-2013, 01:59 PM
#2
Flies With The Hat On
Joined APC: Aug 2006
Position: Right of the Left Seat
Posts: 1,339
"U.S. Bankruptcy Court Judge Sean Lane on Wednesday approved the $11 billion merger to bring together US Airways Group Inc., Charlotte’s dominant airline, with American Airlines parent AMR Corp."
Bankruptcy judge approves US Airways-American Airlines merger - Charlotte Business Journal
Bankruptcy judge approves US Airways-American Airlines merger - Charlotte Business Journal
newAmerican has a distinct advantage over DAL and UAL mergers—the flexability of bankruptcy protection. US Airways and American leadership are about to carve, gut and rearrange leases, assets and agreements.
03-27-2013, 07:30 PM
#3
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Position: the correct seat
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AMR merger with US Airways approved, but $20M CEO severance/bonus on hold | LeveragedLoan.com
$20M bonus not currently approved, on hold...
A lone American Airlines pilot was among the parties to speak at today’s hearing, reading a prepared statement that decried the large bonus and general lack of leadership among company management over the past decade. He proposed an alternative offer for Horton: $500,000 and free coach tickets for life...
AMR merger with US Airways approved, but $20M CEO severance/bonus on hold | LeveragedLoan.com
$20M bonus not currently approved, on hold...
A lone American Airlines pilot was among the parties to speak at today’s hearing, reading a prepared statement that decried the large bonus and general lack of leadership among company management over the past decade. He proposed an alternative offer for Horton: $500,000 and free coach tickets for life...
AMR merger with US Airways approved, but $20M CEO severance/bonus on hold | LeveragedLoan.com
03-27-2013, 07:31 PM
#4
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Position: A320
Posts: 1,347
A lone American Airlines pilot was among the parties to speak at today’s hearing, reading a prepared statement that decried the large bonus and general lack of leadership among company management over the past decade. He proposed an alternative offer for Horton: $500,000 and free coach tickets for life...
03-28-2013, 12:30 AM
#6
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03-28-2013, 12:55 PM
#8
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Posts: 172
These crooks always lawyer themselves around the regulations which in this case are quite clear concerning CEOs of BK companies. Horton is just last in a long line of criminals that managed the country's leading airline into the laughing stock of the industry. CEOs and their management teams should be held fiduciarily libel and the first ones to sacrifice if the company loses money. Remember Horton, Arpey and their managers paid themselves bonuses even as the company was losing billions. In my book that is theft,and they are criminals.
03-28-2013, 06:03 PM
#9
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Joined APC: May 2012
Posts: 1,154
These crooks always lawyer themselves around the regulations which in this case are quite clear concerning CEOs of BK companies. Horton is just last in a long line of criminals that managed the country's leading airline into the laughing stock of the industry. CEOs and their management teams should be held fiduciarily libel and the first ones to sacrifice if the company loses money. Remember Horton, Arpey and their managers paid themselves bonuses even as the company was losing billions. In my book that is theft,and they are criminals.
03-28-2013, 08:12 PM
#10
Gets Weekends Off
Joined APC: Jul 2009
Posts: 581
These crooks always lawyer themselves around the regulations which in this case are quite clear concerning CEOs of BK companies. Horton is just last in a long line of criminals that managed the country's leading airline into the laughing stock of the industry. CEOs and their management teams should be held fiduciarily libel and the first ones to sacrifice if the company loses money. Remember Horton, Arpey and their managers paid themselves bonuses even as the company was losing billions. In my book that is theft,and they are criminals.
US Airways Pilots First to Investigate PBGC-Trusteed Pension - Forbes
right out in the open- The criminality of it all just boggles the mind. For more than a decade, the aggregate number of pilots who have been robbed in similar ways, but whose hands have been figuratively tied by the RLA and bankruptcy laws, to have seemingly no recourse-also mind boggling. Will there ever be a day of reckoning?
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