2 for 1 specialAnd in matching suits no less!
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2 for 1 specialAnd in matching suits no less!
Crandall.....had industry vision.
Your on crack, just like we pine for Carty after Horton....be real.
What do the employees get who leave ? A lousy severance package , Horton screwed things up and is rewarded ? The word is that there has been nothing put into the AA operation for 5 years and a lot of your systems are outdated and it will be very expensive to update everything.
What do the employees get who leave ? A lousy severance package , Horton screwed things up and is rewarded ?
Carty? Sorry, he was inept. Horton is/was better, but still not fit to be a CEO a labor intensive organization. Arpey? Sounds like a pretty nice guy, but worst of all in leadership skills.
Inept would decribe leading the employees.
So this genius became an imbicile once he became CEO? This does not make sense. I would think Carty got credit for things he did not do. One big reason for growth in the 80s and 90s was because of the two and three tier wage systems that new hired employees were given. 9 and 12 year pay progressions, no health insurance for one year. Crandall was old school and the industry had changed and passed him by. He couldn't make a good move anymore. He stood by and watched as other airlines expanded by buying other carriers. He panicked and bought AirCal. A carrier we did not want or need. He ended up giving away all the airplanes and gates that came with the airline purchase. He bought Reno Air though and made a killing on the stock his wife supposedly owned in them, but again, what do we have left from that aquisition? Carty took over and bought TWA. A carrier that was constantly in BK due to the actions of Carl Icahn. Carty gladly took on all their debt at a time when profits were hard to find in the airline industry. This one move destined us for BK. I don't need to look any of this up because I lived it. I remember shaking my head at every one of these moves and wondering who was running the insane asylum. We paid Carty $16 million to leave. We paid Arpey too and now we'll pay Horton. Carty and Arpey proved they could not do the job. Horton actually did what he wanted to do. Screw the employees using the BK process. But most of us will never understand why executives must be given millions when they prove they are inept at their job. Looks like the royal class taking care of their own.Perhaps, but a CEO doesn't lead employees in the traditional sense. They make the decisions on strategy and to a lesser degree, they set the tone. Arguably, setting the tone is where they've failed the most.
OldGuy, perhaps you should do a little reading on Carty. He's the guy who came up with the walkaway leases with Douglas and Airbus on the original MD80 and A300 orders. That gave AA the ability to ground the 707's and 727-023's long before other airlines started on replacing their First Gen jets, and in turn gave AA the ability to grow faster than the other pre-deregulation airlines during the 80's.
Crandall got the glory, but Carty is the one who did all the behind the scenes work while Baker managed the day to day with labor.
Don't believe it? Plenty of written history on the 80's and early 90's if you look hard enough.
no two for 20 million!![]()
CEO Warehouse. Buy 1, get 1 free!!
One big reason for growth in the 80s and 90s was because of the two and three tier wage systems that new hired employees were given. 9 and 12 year pay progressions, no health insurance for one year.
Carty gladly took on all their debt at a time when profits were hard to find in the airline industry.
We paid Arpey too and now we'll pay Horton.