AA Executives Get Theirs...

[ils2minimums]

2004/2006 Performance Share Plan Payout Finalized

Based on the Average Daily Closing Price for the final three months of 2006, AMR finished first among the "comparator" group for the period January 1, 2004 - December 31, 2006. As a result, Performance Share Plan recipients will receive 175 percent of their "target bonuses".

The total Performance Share Plan payout, which will occur April 18, 2007, will be $191,204,750. The top four recipients, which include Gerard Arpey, Dan Garton, Bob Reding, and Gary Kennedy, will receive over $16 million. Garton, Reding and Kennedy will also receive deferred shares bringing the total payout for these four individuals to over $17.6 million.

 

[Palomino]

and the divisive chasm between elitist management and wage-battered employee groups continues to expand...

 

[Double Shot]

and the divisive chasm between elitist management and wage-battered employee groups continues to expand...

Ya, just look at your company. What does Kellner make some 4.1 milliion just in salary. Outrageous!

 

[Palomino]

Ya, just look at your company. What does Kellner make some 4.1 milliion just in salary. Outrageous!

i was speaking of all airline management. but thanks for the input.

 

[capt. megadeth]

Dang! I thought it was going to say someone finally gave them a blanket party.

This crap is like legalized burglary I swear.

 

[Frank Lorenzo]

This crap is like legalized burglary I swear.

I call it legalized robbery!

Those executives were robbed with those puny bonuses!

The employees of AMR should be ashamed that such a fine executive team is so grossly underpaid!

 

[AA717driver]

I'm sure all those pax who got to "enjoy" their AA experience a bit longer than they planned this weekend might have a thing or two to say about the PUPs...TC

 

[Hutchman]

Ya, just look at your company. What does Kellner make some 4.1 milliion just in salary. Outrageous!

Mr. Lawrence W. Kellner , 47
Chairman, Chief Exec. Officer, Member of Fin. Committee and Member of Exec. Committee$ 752.00K$ 0

 

[frog_flyer]

Rip them a new one on the contract. Don't be pusssssssies.

 

[Midnight Flyer]

The top four recipients, which include Gerard Arpey, Dan Garton, Bob Reding, and Gary Kennedy, will receive over $16 million.

With over 16 million dollars, Arpey only ownes an old beech Travelair which he keeps at Northwest Regional Airport?

 

[capt. megadeth]

I call it legalized robbery!

Those executives were robbed with those puny bonuses!

The employees of AMR should be ashamed that such a fine executive team is so grossly underpaid!

LOL! Ok!

 

[doh]

The problem is not that they are getting big bonuses now that the stock is doing well. The problem is they get the bonuses when the stock does lousy! Now they call it performance based, then they called it retention. That is the crappy part.