How to fix AA? Hum,???
First thing that MUST be done is remove every single management person who received a bonus starting back in 2003 till today. These people are LIARS and can NEVER be trusted again and trust is something any successful company needs. When there is hate and animosity between labor and management bound by disrespect forward progress may not be accomplished.
Then you'd be in favor of removing zero of the greedy named executive management bastards, because that's how many of them have received a bonus since 2003; in fact, the same number have received a bonus since March, 2001: zero.
From the 2011 Proxy Statement:
As described in “Compensation Discussion and Analysis — The Primary Components of Our Compensation Program,” the base salary we pay to our named executive officers is generally designed to be 15% of their targeted annual compensation. The short-term incentive compensation they are awarded is generally designed to be 15% of their targeted annual compensation. However, we have not paid any annual bonuses to our named executive officers since 2001 as we have not met the required pre-tax earnings margins. The long-term incentive compensation awarded to them is generally designed to be 70% of their targeted annual compensation.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDIyOTI0fENoaWxkSUQ9NDM3MDExfFR5cGU9MQ==&t=1 (p34 of orig documet)
As to the executives, AA said this on page 23:
For the ten years 2000 through 2009, their total realized compensation was less than 60% of the total targeted compensation awarded to them during this period
That's a paycut of 40% on average over the past decade. Sounds similar to the paycut they imposed on you and your brothers.
In April, 2010, AA paid out 25% of the PSP stock awarded to the execs three years earlier because of AA's poor performance (AMR stock price) over the three years ended 12/31/09. Last week, AA paid out 50% of the PSP stock awarded to the execs three years earlier because of the same (AA's poor stock price performance) for the three years ended 12/31/10. That's a substantial paycut for Arpey and the others from what they could have earned had the stock performed better than the competition.
I understand that you are frustrated because of the concessions and your collective failure to negotiate raises over the past three years, but you appear to be losing sight of the facts: Everyone at AA has earned a lot less money since 2002 than they thought they would, greedy executive management bastards included. Insisting on ranting otherwise in the face of facts to the contrary just makes you look as ignorant as those off-shore illiterate nonlicensed mechanics about whom you frequently complain.
You, on the other hand, are a trained, expert mechanic holding A&P tickets, and you can read and comprehend English, so why not read the proxy statements going back to 2003 and see for yourself the shared sacrifice that you refuse to believe has ocurred? The proxy statements are easy to find - they're on aa.com.