PPRuNe Forums - View Single Post - American ready for bankruptcy as vote deadline nears (merged)
Old 17th Apr 2003, 10:29
  #21 (permalink)  
WhatsaLizad?
 
Join Date: Apr 2000
Location: FL, USA
Posts: 411
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You guys want the latest in the American Airlines "how to motivate your employees"?


The Security and Exchange Commission filing was delayed until after the unions voted.

In the filing, AA management stated that last October, they switched the retirement for 44 senior corporate officers into an irrevocable trust that cannot be touched in the event of bankruptcy or liquidation.

Great leadership, huh?


The Iraqi information minister couldn't make them look good.
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