Mon, Apr 28, 2003
Arpey Was At The Top, Too, Says Analyst
The board of directors at AMR Corp., parent to
American Airlines, hopes it's found a savior in 44-year old Gerard
Arpey. But even though they've agreed to massive wage and benefit
cuts, union members and even some aviation experts are concerned
that Arpey knew just as much as ousted Chairman and CEO Don Carty
did when it came to American's not-so-above-board executive
perks.
"My concern with him is that he was right there," said Kevin
Mitchell, president of the Business Travel Coalition, which
represents corporate travel departments and business travelers, in
an interview with The New York Times. "What was his advice and
counsel on what should have been done?" Mitchell is, however, happy
that American's board moved fast by naming Arpey instead of
bringing back former CEO Bob Crandall or hiring an outsider.
Arpey's Resume In Brief
1982 - Awarded MBA degree from the University
of Texas.
1982 - Hired by American as financial
analyst
1989 - Named Vice President for Finance
2000 - Named Executive Vice President for
Flight Operations
2001 - Named President, American Airlines
2003 - Named CEO, American Airlines
Additional Information
Rated Pilot, MEL
Trouble Still Stirring?
The
question is, will the airline's three biggest unions - the Allied
Pilots Association, The Association of Professional Flight
Attendants and the Transport Workers Union - trust Arpey where they
were outraged at Carty's "deception"? Arpey, after all, has been
nothing short of Carty's right-hand man. He was one of the
executives who was in line for a double-your-salary retention bonus
in 2005 and is still among the 45 beneficiaries of a
bankruptcy-proof pension plan reportedly worth $41 million.
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