AMR's New Management Sensitive to Pay | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-11.25.24

Airborne-AffordableFlyers-11.26.24

Airborne-Unlimited-11.20.24

Airborne Holiday

Airborne Holiday

Fri, May 23, 2003

AMR's New Management Sensitive to Pay

...Their Pay

After AMR Corp unceremoniously dumped former CEO Don Carty last month, in the wake of "revelations" about a quiet little management-insulation fallback trust fund arrangement (still in effect, we understand, for everyone except Carty), it appointed new folks, in the persons of Gerard Arpey (CEO) and Edward Brennan (Chairman). They're sensitive to the issue of executive pay.

Arpey, for instance, already took a 14% cut, to a half-million dollars a year (base). He has also eschewed additional pay, this year, partly thanks to a federal law that meddles with such compensation plans.

Brennan is serving as Chairman for free. He is, however, going to receive his "honorarium" for being on the Board. Last year, that amounted to about $37,000.

FMI: www.amrcorp.com

Advertisement

More News

Aero-News: Quote of the Day (12.01.24)

"There is absolutely no reason in the world why we haven't had a ribbon cutting and a celebration and dirt being moved. We have a win for two schools that can make their enrollment>[...]

ANN's Daily Aero-Term (12.01.24): Descend Via

Descend Via An abbreviated ATC clearance that requires compliance with a published procedure lateral path and associated speed restrictions and provides a pilot-discretion descent >[...]

ANN's Daily Aero-Linx (12.01.24)

Aero Linx: Mercy Flight Southeast, Inc. Mercy Flight Southeast, Inc. is a non-profit volunteer pilot organization involved in “public benefit flying.” We provide a vari>[...]

Airborne 11.27.24: CAP Tragedy, Gulfstream Milestone, Van Celebrates His 85th

Also: ANN/Airborne Holiday Schedule, UT NG Gets New Apaches, UK Airport Reopening, Laser v Helo A Civil Air Patrol search and rescue training flight over steep and rugged terrain e>[...]

NTSB Final Report: Mellinger B L III/Briebleb R Glasair III

Fuel Leak Due To Damaged Threads On A Fuel Line Fitting Analysis: The pilot detected the odor of fuel in the cockpit shortly after taking off. He turned the fuel boost pump off to >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC