Great Leader at AMR

[Hopeful]

Surviving this year is the problem de jour.

Unless, of course, you are an AA executive due a healthy PUP payday.

No problem for the AA elite surviving this year I'd say.

 

[The Goose]

Unless, of course, you are an AA executive due a healthy PUP payday.

No problem for the AA elite surviving this year I'd say.

At least the stock is in the gutter - they won't get nearly as much swag.

 

[FWAAA]

At least the stock is in the gutter - they won't get nearly as much swag.

You're gonna be disappointed. The dollar amount to be received this April by each of the PSP recipients was fixed according to the formula in their contract. The decline in the value of AMR stock only means that they'll get a lot more shares (if they again take stock instead of cash). The contract doesn't give them a fixed number of shares - it gives them a fixed dollar value.

The sharp drop in stock price might affect next year's payouts if the other airline stocks outperform AMR. But not this year.

 

[Hopeful]

You're gonna be disappointed. The dollar amount to be received this April by each of the PSP recipients was fixed according to the formula in their contract. The decline in the value of AMR stock only means that they'll get a lot more shares (if they again take stock instead of cash). The contract doesn't give them a fixed number of shares - it gives them a fixed dollar value.

The sharp drop in stock price might affect next year's payouts if the other airline stocks outperform AMR. But not this year.

Let me get this straight......If the pilots engage in informational picketing or some kind of job action.....this may have a negative effect should a PEB be assigned...BUT executives claiming they can't afford raises to the economy while they are guaranteed big fat bonuses will not have a negative effect?


Talk about class warfare.....

I think it is time to show the company how much we support PUP pay.....

Even better, since the airline worker in this country is doomed, maybe the government will Nationalize the airlines and assign a government crony to run the airline and cap his pay as per government pay grades.

time to make AMR the queen of penny stocks!

 

[The Goose]

You're gonna be disappointed. The dollar amount to be received this April by each of the PSP recipients was fixed according to the formula in their contract. The decline in the value of AMR stock only means that they'll get a lot more shares (if they again take stock instead of cash). The contract doesn't give them a fixed number of shares - it gives them a fixed dollar value.

The sharp drop in stock price might affect next year's payouts if the other airline stocks outperform AMR. But not this year.

Lovely - more share dilution than before. Simply lovely.

Taking cash would make sense if they're up to what I believe. I've thought for the previous two years the board and others within the company wish to go the bankruptcy route and level the playing field with United, Delta, and the NWA of history.

Cash payoffs would increase the cash burn getting us there just a little sooner - your statement makes sense.

 

[Hopeful]

Lovely - more share dilution than before. Simply lovely.

Taking cash would make sense if they're up to what I believe. I've thought for the previous two years the board and others within the company wish to go the bankruptcy route and level the playing field with United, Delta, and the NWA of history.

Cash payoffs would increase the cash burn getting us there just a little sooner - your statement makes sense.

Then if they take cash, those corporate greed defenders who post here will have to come up with another argument on their behalf justifying the corporate greed in this company under the guise of the "need" to keep the executive talent at AA.

 

[The Goose]

Then if they take cash, those corporate greed defenders who post here will have to come up with another argument on their behalf justifying the corporate greed in this company under the guise of the "need" to keep the executive talent at AA.

At this point, it doesn't matter - they tell us to go to hell and cash their checks.

When the so-called representation at the highest level is in your pocket, what the rank and file thinks is immaterial.

 

[FWAAA]

Let me get this straight......If the pilots engage in informational picketing or some kind of job action.....this may have a negative effect should a PEB be assigned...BUT executives claiming they can't afford raises to the economy while they are guaranteed big fat bonuses will not have a negative effect?

Your "big fat bonus" is someone else's expected (and contractual) variable compensation. An objectively determined amount.

My estimate is that the PSP payouts would total about $50 million this year, and divided by the almost 900 recipients equals an average of about $57,000 each. Yes, that's almost as much as your base pay, but it's not that much money for the top 900 executives at a $24 billion company. But I don't think they'll be paid this year.

My prediction is that the execs defer this year's PSP payouts. Not because they care what you or any other employees think - but because the bleeding has returned to the 2001-02 levels. The execs didn't take any PUP payouts in 2001-05, and I don't think they will this year. It will help with the perception when they go to Congress and beg for the inevitable multi-billion dollar "bailout." Musn't take "big fat bonuses" - that would be like the auto execs flying their own private jets from Detroit.

Like I said - not because they care about you, but because this isn't the right year. In 2006, AMR finally turned a profit. In 2007, AMR turned a much larger profit. That made the 2006, 2007 (and 2008) payouts much more palatable. The payouts weren't based on the accounting profits, but having profits made the payouts seem less objectionable (outside of the disgruntled).

With the return of huge losses last year and probably this year, I doubt the PSP payouts will happen. But I've been wrong before.

 

[Hopeful]

Your "big fat bonus" is someone else's expected (and contractual) variable compensation. An objectively determined amount.

My estimate is that the PSP payouts would total about $50 million this year, and divided by the almost 900 recipients equals an average of about $57,000 each. Yes, that's almost as much as your base pay, but it's not that much money for the top 900 executives at a $24 billion company. But I don't think they'll be paid this year.

My prediction is that the execs defer this year's PSP payouts. Not because they care what you or any other employees think - but because the bleeding has returned to the 2001-02 levels. The execs didn't take any PUP payouts in 2001-05, and I don't think they will this year. It will help with the perception when they go to Congress and beg for the inevitable multi-billion dollar "bailout." Musn't take "big fat bonuses" - that would be like the auto execs flying their own private jets from Detroit.

Like I said - not because they care about you, but because this isn't the right year. In 2006, AMR finally turned a profit. In 2007, AMR turned a much larger profit. That made the 2006, 2007 (and 2008) payouts much more palatable. The payouts weren't based on the accounting profits, but having profits made the payouts seem less objectionable (outside of the disgruntled).

With the return of huge losses last year and probably this year, I doubt the PSP payouts will happen. But I've been wrong before.

Give me a minute while I get some tissues to wipe my tear filled eyes. I love when you and others remind us that their PUP pay is "CONTRACTUAL....
We are working under a concession raping that has expired and the company has refused to bargain it good faith. And if what you say is true that next year's PUP payout will be based on a much lower stock price, then I hope that each and every non-executive employee does his or her best in ensuring that AMR stock becomes a penny stock.

Once again, I will repeat this. I have never cared about what an executive earned in pay and bonus...I could care less....That is until $120,000.00 was taken from me while the executives still get their PUPS because they have a "contract."

Whatever they gave up the first year in pay cuts was more than repaid over the last 5 years and then some. Please spare me the "poor" executive argument. We can all see what is going on in corporate America on the news every evening and in the Congressional hearings.

These guys and girls protect themselves from any economic downturn.
Kinda like Carty protecting his cronies with the SERPS.

But all we hear from you and others like you is how UNREALISTIC the workers are for wanting restoration. Your answer is always in defense of management about how underpaid they are compared to other executives in other industries.
Then the company expects 150% in helping them become the best airline in every aspect.
For what????? AIP pay????????????

You really think the executives feel the pain of employees?

These guys don't even know what a quart of milk costs because they are the MASTERS OF THE UNIVERSE and they want all of the lowlife workers in this country to know that.

There is a morale problem at AA that will never be reversed. And you can thank corporate greed more than you can blame union unrealistic expectations.

 

[scatcat]

http://www.usatoday.com/travel/flights/200...9-outlook_N.htm
bk's in the cards no matter what

 

[nbmcg01]

http://www.usatoday.com/travel/flights/200...9-outlook_N.htm
bk's in the cards no matter what

Hey you all, not to worry. The furlough will pay for their bonuses (again).