American Airlines' Worst CEO Ever
04-22-2007, 01:50 AM
#1
Fun Officer
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Joined APC: Feb 2005
Position: Dallas, Texas
Posts: 515
American Airlines' Worst CEO Ever
Some interesting reading for those that want an insight into AMR's CEO. American's worst CEO ever? Definitely.
http://www.apapdp.org/cms/index.php?...=726&Itemid=61
http://www.apapdp.org/cms/index.php?...=726&Itemid=61
04-23-2007, 08:13 AM
#3
Gets Weekends Off
Joined APC: Mar 2005
Position: Embraer 170 Capt.
Posts: 100
I disagree, B757. Carty was a fairly competent airline manager and leader until his abrupt fall from grace.
Gerard Arpey, meanwhile, has no business running an airline. He's a good bean counter, and that's it. Zero leadership and vision for the airline. Zilch.
Gerard Arpey, meanwhile, has no business running an airline. He's a good bean counter, and that's it. Zero leadership and vision for the airline. Zilch.
04-23-2007, 02:56 PM
#4
Gets Weekends Off
Joined APC: May 2006
Position: 737 FO
Posts: 466
http://biz.yahoo.com/ap/070423/amr_c...ions.html?.v=1
Not a bad Thursday for Arpey:
AP
AMR Chairman and CEO Exercises Options
Monday April 23, 4:18 pm ET
AMR Chairman, President and CEO Gerard J. Arpey Exercises Options for 49,363 Shares
NEW YORK (AP) -- The chairman, president and chief executive of American Airlines parent AMR Corp. exercised options for 49,363 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Friday, Gerard J. Arpey reported he exercised the options Thursday for $8.88 apiece and then sold all 49,363 of them on the same day for $30.64 apiece. Arpey sold an additional 207,900 shares on the same day for $29.74 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
AMR is based in Fort Worth, Texas.
Not a bad Thursday for Arpey:
AP
AMR Chairman and CEO Exercises Options
Monday April 23, 4:18 pm ET
AMR Chairman, President and CEO Gerard J. Arpey Exercises Options for 49,363 Shares
NEW YORK (AP) -- The chairman, president and chief executive of American Airlines parent AMR Corp. exercised options for 49,363 shares of common stock, according to a Securities and Exchange Commission filing.
In a Form 4 filed with the SEC Friday, Gerard J. Arpey reported he exercised the options Thursday for $8.88 apiece and then sold all 49,363 of them on the same day for $30.64 apiece. Arpey sold an additional 207,900 shares on the same day for $29.74 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
AMR is based in Fort Worth, Texas.
04-23-2007, 08:16 PM
#5
AAmerican Way for AA Pay
Joined APC: Oct 2005
Position: B-737 Pilot
Posts: 1,617
Time will tell, but Carty was never a great CEO. He made enemies of all the unions, back-stabbed the employees after 9-11 and was a habitual liar. So far, Arpey has run a good ship financially and operationally. But, he'd better pay attention to the current crises involving PUP bonuses, or he'll be in the same quagmire.
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