Arpey already has a new job
11-29-2011, 05:51 AM
#1
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Arpey already has a new job
Airline Biz Blog | dallasnews.com
announced today.
announced today.
It didn't take Gerard Arpey long to find a new job.
A Houston-based investment firm, Emerald Creek Group LLC, announced around 8:30 a.m. Tuesday that the really recently retired chairman and chief executive officer of AMR and American Airlines is joining Emerald Creek as a partner and co-leader.
Emerald Creek was founded by Larry Kellner, who retired as Continental Airlines chairman and CEO at the end of 2009. Kellner is Emerald Creek's president.
"We are very fortunate to have an executive of Gerard's caliber joining our team," Kellner said in the announcement.
"I have known Gerard for many years, and watched with admiration as he led American Airlines, with steadfast integrity and fortitude, through the most challenging decade in the history of the airline industry," he said.
"Few executives, in any industry, have confronted as many complex, difficult issues as Gerard has - and fewer still have led their companies through tough times with as much skill, character and grace," he said.
"I respect and admire Larry Kellner enormously," Arpey said. "Over the years, he and I worked closely together on a number of important airline industry initiatives through the Air Transport Association and other forums.
"I came to admire not only Larry's exceptional business acumen, but also his strong commitment to doing the right thing for all his constituencies including the community at large. We are very much aligned when it comes to our values and the way we approach life and business. I look forward to what we will accomplish together," Arpey said.
Emerald Creek was described in the announcement as "a Houston -based private equity firm focused on real estate with the primary objective of building an investment portfolio focused on sustainable value and long term growth."
The entry "Arpey joins investment firm launched by former Continental Airlines chairman and CEO"is tagged: AMR , American Airlines , Continental Airlines , Emerald Creek Group , Gerard Arpey , Larry Kellner , airlines
Categories: Airlines, AMR and American Airlines bankruptcy, AMR/American bankruptcy, American Airlines, AMR, Continental Airlines
A Houston-based investment firm, Emerald Creek Group LLC, announced around 8:30 a.m. Tuesday that the really recently retired chairman and chief executive officer of AMR and American Airlines is joining Emerald Creek as a partner and co-leader.
Emerald Creek was founded by Larry Kellner, who retired as Continental Airlines chairman and CEO at the end of 2009. Kellner is Emerald Creek's president.
"We are very fortunate to have an executive of Gerard's caliber joining our team," Kellner said in the announcement.
"I have known Gerard for many years, and watched with admiration as he led American Airlines, with steadfast integrity and fortitude, through the most challenging decade in the history of the airline industry," he said.
"Few executives, in any industry, have confronted as many complex, difficult issues as Gerard has - and fewer still have led their companies through tough times with as much skill, character and grace," he said.
"I respect and admire Larry Kellner enormously," Arpey said. "Over the years, he and I worked closely together on a number of important airline industry initiatives through the Air Transport Association and other forums.
"I came to admire not only Larry's exceptional business acumen, but also his strong commitment to doing the right thing for all his constituencies including the community at large. We are very much aligned when it comes to our values and the way we approach life and business. I look forward to what we will accomplish together," Arpey said.
Emerald Creek was described in the announcement as "a Houston -based private equity firm focused on real estate with the primary objective of building an investment portfolio focused on sustainable value and long term growth."
The entry "Arpey joins investment firm launched by former Continental Airlines chairman and CEO"is tagged: AMR , American Airlines , Continental Airlines , Emerald Creek Group , Gerard Arpey , Larry Kellner , airlines
Categories: Airlines, AMR and American Airlines bankruptcy, AMR/American bankruptcy, American Airlines, AMR, Continental Airlines
11-29-2011, 06:02 AM
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"I have known Gerard for many years, and watched with admiration as he led American Airlines, with steadfast integrity and fortitude, through the most challenging decade in the history of the airline industry," he said.
I wonder if he said that with a straight face?
I wonder if he said that with a straight face?
11-29-2011, 06:11 AM
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Originally Posted by satpak77
In fact, I'd think Arpey would have HAD to clue the board in on his employment aspirations elsewhere in advance, so they could plan for his replacement. They only way a CEO doesn't do this, is if he's fired by the BOD.
This is how this world operates and press releases like this are 90% concocted crapola.
Last edited by eaglefly; 11-29-2011 at 06:49 AM.
11-29-2011, 06:38 AM
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"We are very fortunate to have an executive of Gerard's caliber joining our team," Kellner said in the announcement.
"I have known Gerard for many years, and watched with admiration as he led American Airlines, with steadfast integrity and fortitude, through the most challenging decade in the history of the airline industry," he said.
"Few executives, in any industry, have confronted as many complex, difficult issues as Gerard has - and fewer still have led their companies through tough times with as much skill, character and grace," he said
HAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAAAHAHAHAH
What a great manager!! He accomplished so much and was so proud of the job he did that he bailed right before bankrupcy!
HAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
"I have known Gerard for many years, and watched with admiration as he led American Airlines, with steadfast integrity and fortitude, through the most challenging decade in the history of the airline industry," he said.
"Few executives, in any industry, have confronted as many complex, difficult issues as Gerard has - and fewer still have led their companies through tough times with as much skill, character and grace," he said
HAAAAAAAAAHAHAHAHAHAHAHAHAHAHAHAHAAAHAHAHAH
What a great manager!! He accomplished so much and was so proud of the job he did that he bailed right before bankrupcy!
HAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH
11-29-2011, 06:46 AM
#7
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Originally Posted by Sailor
Its amazing how scum in this corporate world, specially here in the us gets away with destruction of companies, severance package and not one day on the unemployment line.
The american way, for the few.
The american way, for the few.
I just hope he gets shamed on the golf course or over a few drinks at the exclusive club his new den of thieves belongs to.
11-29-2011, 06:52 AM
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Originally Posted by labbats
It's been the way of the world forever and forever will be the way of the world.
I just hope he gets shamed on the golf course or over a few drinks at the exclusive club his new den of thieves belongs to.
I just hope he gets shamed on the golf course or over a few drinks at the exclusive club his new den of thieves belongs to.
Man, his clubmembers are ALL like that. It's a private club of backslappers that all think and act alike. There IS no other world, but theirs.
11-29-2011, 08:35 AM
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Originally Posted by Sailor
Its amazing how scum in this corporate world, specially here in the us gets away with destruction of companies, severance package and not one day on the unemployment line.
The american way, for the few.
The american way, for the few.
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