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More Management Bonuses On the Way?

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I heard a rumor that management has met their goals once again and will be receiving stock option payout next year. Can anyone confirm this? What is the position of the Unions on this? :down:
 
First off regarding the TWU, they're very much a team player when it come to the company's profit/future.

With regards to the aviation industry what it is today, the up and downs in oil prices, the Internet price wars by the penny -pinching passengers, maintenance on every aging aircraft, increase employee health/insurance benefits, payments to ( soon obsolete ) employee pension plans, the mere fact that AMR, didn't cut and run and throw everything and everyone into Bankruptcy court ala DL, NWA, USAir, etc, etc., is beyond me.

That these guys can squeeze a profit,in view of all the above, is incredible and deserving of more raises/bounus(s), but not just for management :up: For it was our give-backs $$$ that's turning this company around
 
I heard a rumor that management has met their goals once again and will be receiving stock option payout next year. Can anyone confirm this? What is the position of the Unions on this? :down:
Wow looks like someone is starting a fire......and will probabl;y fan the flames

I wonder if these new bonuses will ever get down to lower management hmmmmmmm

oh yeah there are no new bonuses
 
I heard a rumor that management has met their goals once again and will be receiving stock option payout next year. Can anyone confirm this? What is the position of the Unions on this? :down:
Being that our union is sleeping with them, one can only expect the same payout. :up:
 
This thread is titled: ......."More Management Bonuses On the Way."

Another recent thread is: "More TWU Concessions On the Way."

Nice symmetry, that. 🙁
 
If I owned AA stock, I would want to create incentives for managers to increase the equity value of AA. Clearly, some decisions to increase the firm's equity return would not necessarily be aligned with the interest of specific labor groups. However, seems to me that bonuses are a fair and practicable way of doing this. In addition, if I was concerned that some top managers would exit the firm given the transferability of their skills (finance, marketing, IT), I might want to have a scheme that gave them the potential to achieve above market wages. This again could annoy labor, but unlike Pilots, an AA IT manager could work for P&G or Intl Paper.
 
Pilots warn American on China

Union wants improved contract before OK'ing coveted new route


11:15 PM CST on Friday, November 10, 2006

By TERRY MAXON / The Dallas Morning News

The union representing American Airlines Inc. pilots has warned management that the airline may not get the union's OK to fly a coveted China route if the company doesn't reward pilots in return.

The Allied Pilots Association "has informed management that when the pilots see some immediate improvements to our contract, we will enthusiastically support new long-haul flying," APA's national leadership said in a message sent to members.

An American spokesman declined to comment Friday on the union's position. A union spokesman said the union expects to present a proposal to management soon.

The flights would exceed the maximum time on duty permitted in the pilots' contract and would require the union to make an exception, as it did last year when American began flying between Chicago and New Delhi.

American, which wants to fly between Dallas/Fort Worth and Beijing is competing against applications from United Airlines Inc., Continental Airlines Inc. and Northwest Airlines Inc. for new routes between the United States and China.

Earlier this week, Northwest and United issued news releases saying that their labor groups backed their applications and that they had no contractual issues barring the operation of their new service.

The union leaders said American's management has "expended vast resources to lobby and gain the favor" of the U.S. Department of Transportation to win the Beijing route, but "they have completely ignored the pilots' legitimate expectations."

In the short term, the new route would only reallocate resources from one route to another with little real benefit to American's pilots, although flying to China offers "strategic opportunities" longer term, the Allied Pilots said.

"Management must now decide whether they value our participation, or if they would rather sacrifice a coveted route award in the pursuit of a misguided labor strategy," the memo said.

The comments on the China route were contained in a longer message detailing the pilots' objectives in current contract talks, with president Ralph Hunter and the other two union leaders repeatedly saying that the union will demand that its members "get our money back."

The union agreed to an estimated $660 million in pay cuts and other concessions in 2003 to help American avoid bankruptcy. Union leaders have pointed to management pay raises and nearly $100 million in executive payouts this year as evidence that American can afford to raise pilot salaries.

E-mail tmaxon@dallasnews.com
 
Maybe the piolts will be happy if they get their higher non-rev boarding priority for them and their families.
 
Maybe the piolts will be happy if they get their higher non-rev boarding priority for them and their families.


i will be happy if the pilots tell aa to go pound salt. At least someone has the nads to do it. Enough of this shared sacrafice bs. We fly to china make money for more bonuses. Get a piece of the pie brfore its all gone
 
The union leaders said American's management has "expended vast resources to lobby and gain the favor" of the U.S. Department of Transportation to win the Beijing route, but "they have completely ignored the pilots' legitimate expectations."

Jeez, you mean the APA isn't buying the manAAgement; "Pull it together.... To come together" program??? 🙄

Should the twu International be paying them a visit to let them know they are "just lucky to have a job"??? :down:

Maybe burdchette should schedule a "pajama party" and bring them into the loop to bring the team in for the big win. 🙄
 
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