apfa negotiations

[FWAAA]

Get a sense of humor. Take two, they're small. It doesn't matter what you call it--bonus, part of the pay package or a ham and cheese sandwich--the REALITY is that the PUP payments are rewards for doing not doing what executives are normally expected to do in order to gain "extra" pay (does that make you happy?)...lead the company to a profit!!!

That's all well and good, but the fact remains that the PUP/PSP contracts aren't predicated on any profit. That's the reality. Instead, the compensation committee of the Board created a scheme by which the executives would earn additional pay if AMR's stock price outperformed the stock of the peer group. That happened four years in a row. The 800 and some obscenely paid executives were entitled to the variable compensation component of their yearly income. It's a shame that none of the impotent unions on the property were smart enough to negotiate similar deals. Management is stupid, except when they're steamrolling the represented employees.

John Thain at Merrill Lynch got fired for demanding a $10 million bonus because M-L's loss was "only" $4 billion. The basis for the PUP payments is as phony as a three dollar bill.

So cast your vote at the next meeting of the Board to fire Arpey and the other 800 and some greedy worthless executives. Oh, that's right - you're not a Director. 😀

 

[IORFA]

I'm not sure I understand. Are you saying that you voted against it because you opposed AVBL, or that the TA was going to eliminate AVBL and you liked it? Because, when I started in Sept., 2000 AVBL was very much in place and still is. In the 7.5 years I've been with the airline, I've held AVBL lines more often than a regular line. Or, was it just eliminated for International f/as?

My comment was made after you said F/A's only care about pay. I was just stating that when we voted down the first 1999 TA, where I was based, the only issue discussed and that people were upset about were the proposed changes to AVBL. The pay was fine and all the rest was good enough that it would have passed. Problem is that it was voted down and AVBL didn't change in the next TA and we got an even bigger raise. Once again, my point was that the first time, AVBL was the overriding factor for a lot of people. It was all that was talked about at work and on the hotel vans. Where I was based and flying at least.