Beer Bails Out

[Hopeful]

When my 13 year old says things like that, I usually respond "because you're better than that?"

Attitudes like that are why these boards suck so much lately. People just want to piss on each other instead of having decent conversations....

There you have it!

That's what executives tell one another!

"Because we are better than union people!"

 

[TWU informer]

When my 13 year old says things like that, I usually respond "because you're better than that?"

Attitudes like that are why these boards suck so much lately. People just want to piss on each other instead of having decent conversations....

I would like to know how someone can "piss" on another using a keyboard?

 

[j7915]

I would like to know how someone can "piss" on another using a keyboard?

Go ask the Feds, wasn't there a new law passed recently that makes it a crime to anonimously annoy someone on the 'net?

 

[Bob Owens]

Lemme see I understand this:

Executives universally try to pay their workers as little as possible, right? Constantly trying to chisel the pay of their subordinates, right?

But executives don't practice this same philosophy when it comes to other executives? If so, then why would any executive ever leave any company for more pay? Why wouldn't Arpey simply convince the board to give Beer whatever Beer demanded?

Or does this apply only to CEOs? If so, then how come some CEOs get relatively small paychecks while others get gargantuan paychecks?

The reality is that everyone in business tries to pay all of their subordinates as little as they can while keeping turnover at an acceptable level. The board pays Arpey just enought to keep him from leaving, and that trickles down - every manager similarly pays their help no more than necessary to keep attrition within acceptable levels.

Well thats the textbook version, reality is far more complex.

With more MBAs than ever before the textbook also says that executive pay should be declining, not going up. When supply exceeds demand the price goes down.

I won't defend the likes of a Glenn Tilton or Jake Brace, who are clearly overpaid when it comes to how well they've done their jobs, but that's not the case with AMR. Management at all levels is already paid below the 50th percentile when compared to the Fortune 500. If you want to see AMR ever stay in the Fortune 100, they need to keep some consistency within the management team.

In what percentile do airline profits rank? Clearly these people are not underpaid.

 

[eolesen]

In what percentile do airline profits rank?

Historically, or just the past five years?...

From 1982 thru 2000 had earned a cumulative $6.8B in profits. Cumulative losses between 2001 and today wiped that out and then some...

	Loss	Profit	Cumulative
1982	20		-20
1983		228	208
1984		234	442
1985		345	787
1986		279	1066
1987		198	1264
1988		477	1741
1989		455	2196
1990	40		2156
1991	240		1916
1992	475		1441
1993	110		1331
1994		228	1559
1995		162	1721
1996		1016	2737
1997		985	3722
1998		1314	5036
1999		985	6021
2000		813	6834
2001	761		6073
2002	1228		4845
2003	3511		1334
2004	1762		-428
2005	861		-1289

So yes, in a period of just five years, AMR has lost more money than it earned over the past 22 years. But it will "only" take $1.3B in profits (or another year like 1998) to tip the balance back to profitability.

 

[The Goose]

Symantec (Norton Anti-Virus and others) no doubt compensated him for what he won't get in the way of a stock payout.

At least he won't be compensated for failure.

 

[Connected1]

http://www.dfw.com/mld/dfw/business/13895975.htm

James Beer, American Airlines' chief financial officer, will see his compensation leap by more than 500 percent after he takes a new job at Symantec Corp., according to a financial report filed Thursday.

 

[DFWCC]

http://www.dfw.com/mld/dfw/business/13895975.htm

According to what I've. This isn't a matter of loyalty or anything near that. It seems he's just loking out for #1 and goin for the big bucks. I'm mean $2.5 mil signing bonus ain't that bad. Hell I'd jump to K-mart if they offerd me $150K + $300K signing bonus. Adios to all my colegos at AA.

 

[eolesen]

Hey, if you want to make $150K per year, just become a union official...


http://www.unionfacts.com/unions/unionOfficers.cfm?id=221020

Name Title Salary Benefits
& Other Total
Compensation
H Hall President $ 213,108 $ 13,691 $ 226,799
J Kerrigan Sec Treasurer $ 207,233 $ 7,102 $ 214,335
M O'brien Exec Vp $ 207,233 $ 5,071 $ 212,304
D Rosen Atty $ 206,567 $ 681 $ 207,248
L Martin Admin Vp $ 149,631 $ 15,343 $ 164,974
H Snead Exec Council $ 149,631 $ 14,030 $ 163,661
M Bakalo Vice Pres $ 146,433 $ 15,493 $ 161,926
P Wiedman Cope Director $ 137,216 $ 20,112 $ 157,328
J Little Admin Vp $ 149,631 $ 4,364 $ 153,995
H Lombardo Vice Pres $ 142,416 $ 11,240 $ 153,656
R Tauss Vice Pres $ 142,416 $ 10,755 $ 153,171
J O'donnell Acctg Director $ 142,416 $ 10,006 $ 152,422
R Wechsler Ed Director $ 143,606 $ 8,402 $ 152,008
T Grandfield Organizer $ 137,216 $ 13,316 $ 150,532
J Bland Vice Pres $ 142,416 $ 5,627 $ 148,043
J Gannon Twu Expr Editor $ 138,194 $ 9,804 $ 147,998
J Orlando Vice Pres $ 142,416 $ 4,451 $ 146,867
G Maslanka Intl Rep $ 127,016 $ 19,699 $ 146,715
G Roberts Vice Pres $ 142,416 $ 3,574 $ 145,990
G Yingst Vice Pres $ 142,416 $ 2,056 $ 144,472
G Drummond Intl Rep $ 137,216 $ 2,977 $ 140,193
C Moneypenny Rrd Director $ 138,137 $ 0 $ 138,137
C Martin Exec Board $ 121,231 $ 11,351 $ 132,582
S Resch Exec Council $ 121,231 $ 9,315 $ 130,546
J Conley Staff Rep $ 121,231 $ 7,005 $ 128,236
J Gordon Intl Rep $ 121,231 $ 3,991 $ 125,222
G Mcdonald Exec Board $ 108,033 $ 7,866 $ 115,899
N Scotland Admin Secy $ 109,323 $ 1,330 $ 110,653
K Robertson Research Dir $ 103,405 $ 2,286 $ 105,691
D Burton Asst Editor $ 105,390 $ 0 $ 105,390
F Albach Admin Secy $ 96,604 $ 2,042 $ 98,646
B Uckele Admin Secy $ 96,604 $ 0 $ 96,604
M Borisuck Admin Secy $ 96,604 $ 0 $ 96,604
F Trotti Organizer $ 70,784 $ 12,523 $ 83,307
F Mccann Jr Organizer $ 77,450 $ 3,612 $ 81,062
J Carbon Organizer $ 77,450 $ 157 $ 77,607
R Ashley Comm Coord $ 77,134 $ 0 $ 77,134
A Mccormack Asst Acctg Mgr $ 76,632 $ 0 $ 76,632
J Osborne Organizer $ 70,784 $ 2,372 $ 73,156
R Gless Intl Rep $ 55,860 $ 16,976 $ 72,836
S Roberts Organizer $ 70,784 $ 1,056 $ 71,840
B Williams Secy $ 53,820 $ 14,814 $ 68,634
C Williams Admin Secy $ 68,438 $ 0 $ 68,438
C Winslow Admin Secy $ 67,150 $ 372 $ 67,522
J Hayden Mail Mgr $ 66,149 $ 0 $ 66,149
A Leary Bookkeeper $ 56,151 $ 0 $ 56,151
N Campbell Bookkeeper $ 54,108 $ 0 $ 54,108
L Vargas Bookkeeper $ 53,922 $ 0 $ 53,922
K Avants Secy $ 53,819 $ 0 $ 53,819
L Hartness Secy $ 53,819 $ 0 $ 53,819
H Mahoney Secy Recep $ 49,338 $ 0 $ 49,338
L Roman Secy Cope $ 46,523 $ 249 $ 46,772
K Proctor Per Capita Clerk $ 46,458 $ 0 $ 46,458
P Rodican Secy Recep $ 45,382 $ 0 $ 45,382
C Steelman Secy $ 44,633 $ 0 $ 44,633
M Murphy Secy $ 23,744 $ 0 $ 23,744
T Walters Secy Recep $ 20,566 $ 0 $ 20,566
B Clarke Exec Council $ 0 $ 5,233 $ 5,233
L Caramitru Secy Recep $ 4,936 $ 0 $ 4,936
D Burchette Exec Council $ 0 $ 3,901 $ 3,901
R Holley Vice Pres $ 0 $ 3,543 $ 3,543
E Mcleod Vice Pres $ 0 $ 3,108 $ 3,108
G O'hanlon Admin Secy $ 3,104 $ 0 $ 3,104
J Whalen Exec Council $ 0 $ 2,595 $ 2,595
M Tutrone Exec Board $ 0 $ 1,771 $ 1,771
M Curran Exec Board $ 0 $ 1,564 $ 1,564
J Pajewski Exec Board $ 0 $ 1,251 $ 1,251
R Adams Exec Board $ 0 $ 1,010 $ 1,010
R Romaine Exec Board $ 0 $ 744 $ 744
S Delgado Exec Board $ 0 $ 266 $ 266

 

[TWU informer]

Hey, if you want to make $150K per year, just become a union official...
http://www.unionfacts.com/unions/unionOfficers.cfm?id=221020

Name Title Salary Benefits
& Other Total
Compensation
H Hall President $ 213,108 $ 13,691 $ 226,799

Er huh, you mean TWU Company Union Sell-Out, not "Union Official".

Your list disgraces the term "Union Official"

 

[Bob Owens]

Hey, if you want to make $150K per year, just become a union official...

And thats not including what American Airlines illegally pays them!

 

[Wretched Wrench]

And thats not including what American Airlines illegally pays them!

In addition, I have seen documents that indicate that the expense accounts are usually much higher than their salary.

 

[AMFAMAN]

Hey, if you want to make $150K per year, just become a union official...

Yes the new union-busting website brought to us by our union-busting President and Wal-Mart trash.


BTW...That's 2004 income and way less than what Little made in 2005...

 

[eolesen]

Your list disgraces the term "Union Official"

Technically, it's your list, not mine.

Worse, it's your money going in their pocket, Bob's unfounded allegations of illegal payments aside for a moment.

Want to see something worse? Pull up the salary list for ALPA.

One thing I have to give OV credit for is that he's pulling down only twice what the average wage seems to be.

 

[DFWCC]

Hey, if you want to make $150K per year, just become a union official...
http://www.unionfacts.com/unions/unionOfficers.cfm?id=221020

Name Title Salary Benefits
& Other Total
Compensation
H Hall President $ 213,108 $ 13,691 $ 226,799
J Kerrigan Sec Treasurer $ 207,233 $ 7,102 $ 214,335
M O'brien Exec Vp $ 207,233 $ 5,071 $ 212,304
D Rosen Atty $ 206,567 $ 681 $ 207,248
L Martin Admin Vp $ 149,631 $ 15,343 $ 164,974
H Snead Exec Council $ 149,631 $ 14,030 $ 163,661
M Bakalo Vice Pres $ 146,433 $ 15,493 $ 161,926
P Wiedman Cope Director $ 137,216 $ 20,112 $ 157,328
J Little Admin Vp $ 149,631 $ 4,364 $ 153,995
H Lombardo Vice Pres $ 142,416 $ 11,240 $ 153,656
R Tauss Vice Pres $ 142,416 $ 10,755 $ 153,171
J O'donnell Acctg Director $ 142,416 $ 10,006 $ 152,422
R Wechsler Ed Director $ 143,606 $ 8,402 $ 152,008
T Grandfield Organizer $ 137,216 $ 13,316 $ 150,532
J Bland Vice Pres $ 142,416 $ 5,627 $ 148,043
J Gannon Twu Expr Editor $ 138,194 $ 9,804 $ 147,998
J Orlando Vice Pres $ 142,416 $ 4,451 $ 146,867
G Maslanka Intl Rep $ 127,016 $ 19,699 $ 146,715
G Roberts Vice Pres $ 142,416 $ 3,574 $ 145,990
G Yingst Vice Pres $ 142,416 $ 2,056 $ 144,472
G Drummond Intl Rep $ 137,216 $ 2,977 $ 140,193
C Moneypenny Rrd Director $ 138,137 $ 0 $ 138,137
C Martin Exec Board $ 121,231 $ 11,351 $ 132,582
....

Yeah and that's part time too, cuz they sure as hell aren't working overtime to protect our incomes...

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