Is it me or are his quarterly statements just a repeat of the same old problems past down from quarter to quarter. Really??? The BODs need to react and get him out!
Boren and company are far too busy worrying about where their OU football team is going to land - they couldn't care less about this.
Let's remember also that Arpey's daddy was an exec at another airline - perhaps his continuing employment is nothing more than repaying favors or a measure of "professional courtesy" amongst liars and thieves.
Consider - perhaps the large institutional holders are slowly and quietly divesting themselves of their holdings (if they haven't already done so to the extent they can and not appear obviously tipped) and is possibly the only reason for AMR to not have filed for Chapter 11 protection - yet. I personally believe those large holders were well taken care of during the previous "crisis" and have been given plenty of warning now - not saying that's the case for certain but that's what I believe.
Yes, I know it's supposedly illegal but that's what business is all about, isn't it? Doing everyone one can within and without of the law without getting caught (and the easy ones twice), making one's pile, and running like hell to the next gig.
Before you business boys start telling us how this "ain't so" and how often "appearances are deceiving", might I remind you fellows of the numerous examples of such over the many years we've been watching and being bent over the proverbial barrel by the cretinous SOBs?
The company be damned along with the shareholders (to the benefit of the executives), that is, unless those shareholders can "rise from the pit and bite thine ass".
Re: Executive "concessions": Tree, rope, executive - some assembly required.
