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Old 10-10-2012, 02:03 PM
  #4  
block30
Bracing for Fallacies
 
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Joined APC: Jul 2007
Position: In favor of good things, not in favor of bad things
Posts: 3,543
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WOW!

Among other damning points;
" AA's secret executive bonuses were uncovered in an embarrassing corporate scandal. After American Airlines had convinced its workers to take huge concessions in 2003, it was revealed that secret bonuses would be issued to executives following the signing of the concessionary agreements. Workers felt duped and leaders throughout the US called for the resignation of AA CEO, Donald Carty. He took a very generous severance package and can be seen often these days enjoying one of his favorite perks, lifetime first class travel on American Airlines.

For years following this scandal, American Executives continued to dole out over $400 million in bonuses to themselves as the airline slipped further and further behind and the employees continued to work under concessionary agreements that offered the company bankruptcy style cuts without actually declaring bankruptcy. Now that AA is using the bankruptcy laws to extract even more from the workers, the employees are fighting back!"
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