Ken MacTiernan
Veteran
Mr. Arpey, I have just received my share of the Annual Incentive Program, AIP. The maximum amount I am eligible for under the AIP is $25.00. I would like to ask if under the much chanted “Pull Together/Win Together†slogan of the Turn Around Plan I will be rewarded with a set limit of $25.00 why should I “Pull†anything? If we are truly to all believe in the slogan of “Pull Together/WinTogether†then I wish to return my share of the AIP, after taxes, to you. Please accept my returned funds and apply them to the “Executive Golden Parachute Planâ€, EGPP. This money should of course be spent on the top executives of AA. Since the original SERP was discovered under Mr. Carty’s Administration maybe this might help AA better since my share of the AIP after taxes will not even fill up my car’s gas tank. I consider the AIP an insult. Let me see if I fully understand the current scenario at AA. After concessions were accepted by Jim Little, which will remove, roughly $120,000.00 from my pay checks over the duration of the contract’s time frame I should gleefully cherish this $25.00? Mr. Arpey, I do not want stock options, nor do I want an AIP. I want what was stolen from me. I want a full pay check. I want full benefits. I want respect. -----------------------------------------------------------------------------------------------
The above letter is being sent to AA with personal checks written by SAN AMTs with the amount of money, after taxes, received through the AIP. We find this an insult. Will returning this money return what was stolen from us? No. Will it show the company that we feel insulted? Yes.
How do you feel? Insulted or respected?
The above letter is being sent to AA with personal checks written by SAN AMTs with the amount of money, after taxes, received through the AIP. We find this an insult. Will returning this money return what was stolen from us? No. Will it show the company that we feel insulted? Yes.
How do you feel? Insulted or respected?