Originally Posted by
Mason32
Do you really think the CEO's that did this would split the stock shares, then watch as those shares became worthless? The Board of Directors would fire them the next day.
Stop thinking about it as a laborer... they have a duty to their shareholders, and wiping out share value is career suicide.
If the shareholders are used to only having AA stock, and all of the sudden they have AA and AE, why would they care if AE lost value? Moreover, AA execs definitely wouldn't care since they would no longer be responsible for us. Don't forget that in the process of all this, AA shares will probably rise.
And just to play devil's advocate, it does seem convenient for AA to position themselves to take ownership of the A/C, absorb the pilots, and then liquidate whatever is left. This would give them a staffing advantage pending the new rest rules being released. Every other carrier will be scrambling for pilots, and I think we can all agree that the pool is beginning to dry up. If AA has a larger pool all to themselves, they can adapt quickly.