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View Full Version : Horton got his!!!


Maverick
01-11-2014, 04:40 PM
Just in case some of you missed it, Horton got his big payday yesterday. Equal to over 17 million at todays trading price, not bad considering my 14 years got me 128 total shares worth $3500 bucks


1. Name and Address of Reporting Person*
HORTON THOMAS W
(Last) (First) (Middle)
4333 AMON CARTER BLVD.
(Street)
FORT WORTH TX 76155
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
American Airlines Group Inc. [AAL] 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/09/2014
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/09/2014 A 15,013 A $ 0 (1) 139,761 D
Common Stock 01/09/2014 A 10,699 A $ 0 (1) 150,460 D
Common Stock 01/09/2014 A 4,610 A $ 0 (1) 155,070 D
Common Stock 01/09/2014 F(2) 8,938 D $ 0 (1) 146,132 D


CRM114
01-11-2014, 05:58 PM
Just in case some of you missed it, Horton got his big payday yesterday. Equal to over 17 million at todays trading price, not bad considering my 14 years got me 128 total shares worth $3500 bucks


Wow, you totally should have negotiated a better compensation package....like he did. :rolleyes:

TQ Nola
01-11-2014, 06:09 PM
Wow, you totally should have negotiated a better compensation package....like he did. :rolleyes:

Right! And he should avoid smugly fatuous analogies, too!


VenetianFryCook
01-12-2014, 01:27 PM
Considering how much most AA people hated Horton's guts, I should think the severance issue is fairly obvious. It was all but stated in these words ....

The money isn't to pat Tom on the back for his work at AA ... it is to MAKE HIM GO AWAY! For most AA that I've talked to, that's a bargain at any price ;)

PilotJ3
01-12-2014, 01:37 PM
Considering how much most AA people hated Horton's guts, I should think the severance issue is fairly obvious. It was all but stated in these words ....

The money isn't to pat Tom on the back for his work at AA ... it is to MAKE HIM GO AWAY! For most AA that I've talked to, that's a bargain at any price ;)

Yeah, Parkers is no better than him... college buddies, same ****.

70Espada
01-12-2014, 06:17 PM
Yeah, Parkers is no better than him... college buddies, same ****.

No, I don't think they are anything alike.

Horton could have worked against the deal when the DOJ sued to block. If he had squelched the merger he could have made A LOT more. He didn't though and helped the merger proceed. Time to move on. In the end, a small price to pay in my opinion.

ForeverFO
01-13-2014, 07:04 AM
I don't have a huge beef with Horton. He was better than everybody who came after Crandall. What a disastrous string of bad CEO's we've had...

I do think $17 mil is a bit nuts. A more appropriate package would be valued at $4 million or so.

CanoePilot
01-13-2014, 07:40 AM
Horton led one of the most successful restructurings in corporate history.

Mink
01-14-2014, 01:35 PM
Horton led one of the most successful restructurings in corporate history.

Yup. He's a hero.

Night Hawk 6
01-15-2014, 10:03 AM
Yup. He's a hero.
...thus another example of how pilots are indeed their own worse enemy. Applaud the white collar criminals that have managed to keep the airline pilot profession in the death spiral. Pilots who consider themselves as "quasi management" are like being "quasi pregnant." You either are or you are not and in our case we are not. We are labor and management has only one objective when it comes to labor: $$$$. Todays airline pilots purchasing power is less than 50 percent of pre deregulation pilots while management has seen their purchasing power increase 5 fold or more. Yep, heap praise on To Ho while you sit there trying to figure out how to pay your kids next tuition bill, that's really smart.

Mink
01-15-2014, 07:34 PM
...thus another example of how pilots are indeed their own worse enemy. Applaud the white collar criminals that have managed to keep the airline pilot profession in the death spiral. Pilots who consider themselves as "quasi management" are like being "quasi pregnant." You either are or you are not and in our case we are not. We are labor and management has only one objective when it comes to labor: $$$$. Todays airline pilots purchasing power is less than 50 percent of pre deregulation pilots while management has seen their purchasing power increase 5 fold or more. Yep, heap praise on To Ho while you sit there trying to figure out how to pay your kids next tuition bill, that's really smart.

Hey Mr Sanctimonious, mine was a facetious reply to the guy that was congratulating ToHo on the most successful restructuring in history.

It's called sarcasm - might try it sometime.

I was furloughed from AA in 2001 and was called back mid-2013 (but staying away), so I've had plenty of time, in my "quasi-management" lair, to sit there trying to figure out how to pay my kids next tuition bill.

But thanks for the labor vs management sermon. I feel so "schooled" now.

DCA A321 FO
01-15-2014, 08:03 PM
Yup. He's a hero.


...thus another example of how pilots are indeed their own worse enemy. Applaud the white collar criminals that have managed to keep the airline pilot profession in the death spiral...

I think Mink was being sarcastic.


OK Mink, your post wasn't there a second ago :-)

Night Hawk 6
01-16-2014, 08:07 AM
Mink,
Sorry. Sarcasm is hard to detect from behind the keyboard. Unlike you there are many, way too many within our ranks that have not come to grips with their actual station in life and their management friendly approach has done nothing but contributed to the sorry state of the profession. Hope you understand who my missive is intended for and that a career path away from AA is probably a wise one. Good luck.

Mink
01-16-2014, 10:17 AM
Understood. Good luck to you, too.