AMRCostUnit
Back on the 737
- Joined
- Jun 12, 2004
- Posts
- 274
These guy have big brass stones...they didn't even wait until we filed Chapter 11. And they want us to give on productivity?
Can't wait for PilotYip to explain to me how much they deserve it...
Unit
*******************************************************
The following appeared on the front page of Saturday’s Sacramento Bee Business Section:
"Big Airline Bonuses"
"Executives at American Airlines are expecting April stock-based bonuses that could top $1 million for some officials because shares of the parent AMR Corp. have risen despite heavy losses at the nation’s largest carrier.
AMR officials declined to estimate the cost of the bonuses. The company said stock options given to rank-and-file workers in 2003, which also vest in April, could top $500 million.
About 1,000 employees from top executives to midlevel managers are expected to receive bonuses under a plan that AMR’s board approved in 2003.
The amount of the bonuses will be based on AMR’s stock price in April. At AMR’s current stock price, they would range from about $2,000 to about
$1.7 million for Daniel P. Garton, the airline’s executive vice president for marketing."
Can't wait for PilotYip to explain to me how much they deserve it...
Unit
*******************************************************
The following appeared on the front page of Saturday’s Sacramento Bee Business Section:
"Big Airline Bonuses"
"Executives at American Airlines are expecting April stock-based bonuses that could top $1 million for some officials because shares of the parent AMR Corp. have risen despite heavy losses at the nation’s largest carrier.
AMR officials declined to estimate the cost of the bonuses. The company said stock options given to rank-and-file workers in 2003, which also vest in April, could top $500 million.
About 1,000 employees from top executives to midlevel managers are expected to receive bonuses under a plan that AMR’s board approved in 2003.
The amount of the bonuses will be based on AMR’s stock price in April. At AMR’s current stock price, they would range from about $2,000 to about
$1.7 million for Daniel P. Garton, the airline’s executive vice president for marketing."