Doug and the Gang Cash In.

[700UW]

http://online.barrons.com/article/SB50001424053111903506304579382871532494370.html?mod=BOL_da_isc

 
Four American Airlines Group insiders including the top executive unloaded 1,836,980 shares for $63,858,326, or $34.76 each, from Feb. 7 through 13 via outright sales and after options exercises.
 
Chief Executive Douglas W. Parker sold 593,329 American Airlines (ticker: AAL) shares for $20,372,924 after exercising options and through open-market selling. His options were set to expire Feb. 24 at the earliest. Parker now owns 1,362,957 shares, a stake of less than 1%.
 
Chief Financial Officer Derek Kerr exercised options and sold 370,290 shares for $13,084,419. His options were set to expire Aug. 5, 2015 at the earliest. Kerr now owns 461,428 shares.
 
President Scott J. Kirby exercised options and sold 529,838 shares for $18,277,953. His options were set to expire Aug. 5, 2015, at the earliest. Kirby now holds 750,422 shares directly.
 
Finally, Stephen L. Johnson, an executive vice president, exercised options and sold 343,523 shares for $12,123,029. The options were set to expire March 16, 2016, at the earliest. Johnson now directly holds 451,859 shares.
 

 

[robbedagain]

they can take it and stuff it where the sun don't shine..   contracts now

 

[UPNAWAY]

To be fare these were options he got for the AWA US merger in 2005, so that is spread out over 10 years. Also you forgot to mention that he gave $1 million right back to American Airline employees.

 

[700UW]

Wow,$1 million, such a nice guy.
 
And wow, $20 million and he cant negotiate in good faith with is own employees who made him that $20 million.
 
Maybe he should use some of that money for a driver.
 
You must miss him since he is in Centerpork and not Tempe anymore.

 

[Hope777]

To be fare these were options he got for the AWA US merger in 2005, so that is spread out over 10 years. Also you forgot to mention that he gave $1 million right back to American Airline employees.

Doug is such a Great Guy !    And how about everyone that was here in 2005 during the US/HP merger.  Everyone has nice New Contracts, Thank God.

 

[700UW]

And he still has over $47 million in stock.
 
http://abcnews.go.com/Business/wireStory/american-airlines-ceo-nets-134m-stock-sale-22528358
 
SEC filings:
 
http://phx.corporate-ir.net/phoenix.zhtml?c=117098&p=irol-sec
 
Doug's sale:
 
http://phx.corporate-ir.net/phoenix.zhtml?c=117098&p=irol-SECText&TEXT=aHR0cDovL2FwaS50ZW5rd2l6YXJkLmNvbS9maWxpbmcueG1sP2lwYWdlPTkzOTE1MzMmRFNFUT0wJlNFUT0wJlNRREVTQz1TRUNUSU9OX0VOVElSRSZzdWJzaWQ9NTc%3d
 
And this company now owns 6.69% of AAG.

 

[usjacket]

No money for a Mechanic and Related Contract though!

 

[PullUp]

Aren't you happy with the $50 beer money bonus for top DOT scores?
.....
<crickets>
........hello?

 

[jimntx]

To be fare these were options he got for the AWA US merger in 2005, so that is spread out over 10 years. Also you forgot to mention that he gave $1 million right back to American Airline employees.

To be fair:

From Jetwire (daily employee news email):
 
"Doug and Gwen also announced this week that they will donate $1 million to re-energize the American Airlines/American Eagle Family Fund, Inc., a nonprofit organization that directly assists employees of the new American during times of distress. This donation will be part of the overall integration effort to consolidate several company funds set up to assist American Airlines Employees, and will kick start that initiative."
 
Quite frankly, I didn't know there was any such fund in the old American, but it sounds to me like the money will benefit employees from both sides of the aisle.

 

[700UW]

And he gets a tax write off.
 
Negotiate with all three IAM groups and give them a fair CBA, negotiate with the CWA and give them a fair CBA.

 

[jimntx]

Anyone who donates to any IRS-recognized charitable organization gets a tax deduction--not a write-off.  The deduction is equal to the amount of the donation multiplied by the tax bracket percentage they are in.  For instance, if their tax bracket is 30%, the effect on calculated taxable income is $300,000 for a donation of $1 million.
 
If you want to tie his compensation to your contract, that should be negotiated.  He isn't doing anything that any other CEO is doing in this day and age.  He was granted stock options that were about to expire.  He should let them expire just because contract negotiations are not going well?

Or, are you saying that he should not be eligible for the same IRS deductions as everyone else?  Seems a bit harsh and bitter.

 

[700UW]

I am saying instead of trying to show the public he is a "nice" guy, he shouldnt have gone behind his employees backs and negotiated MOUs with unions and employees that he doesnt employ, and he should negotiate his four open contracts at US, you know the people that have given concessions three times in Chapter 11 and want to get returns on the concession.
 
You do realize all three IAM CBAs have been amendable for three years and I think the CWA's is two years.
 
You do realize its a slap in the face for the East employees?

 

[jimntx]

I realize all that.  The PMAA f/a's contract was once amendable for 6 years before a TA was reached.  However, I fail to see how Doug cashing in some stock options that were about to expire is a slap in the face to East employees.  The two issues are not related.  Would you allow stock options to expire just because there was not yet a TA for your union?  I doubt it.

 

[bunt3dunk]

F**k him , he takes our profit sharing and gives a 2.5 % raise , that is a pay cut. they are all greedy and out for themselves .

 

[767one]

F**k him , he takes our profit sharing and gives a 2.5 % raise , that is a pay cut. they are all greedy and out for themselves .

This is what mergers are all about. Maybe this merger will in the long run be better for those employees who are left but the main reason for the merger was to make a bunch of money for a select few. You can be sure if the economy goes south again they will be back at the employees for all they can get while rewarding themselves for once again saving the airline.