Donald Carty, former chairman and CEO of AMR Corp (American Airlines) from 1998 until his ouster in 2003 -- for over-the-top executive perks -- is today chairman of Virgin America and Porter Airlines, director of Dell, Inc., Hawaiian Airlines, Sears Roebuck, CHC Helicopter Corp. Barrick Gold Corp and Big Brothers Big Sisters of America. It should be noted that the average director post pays from $50,000 to $100,000 (and up) for attendance at a couple of meetings a year.
He is a member of the Board of Trustees of SMU, on the Executive Board of the SMU Cox School of Business and a member of the Board of Directors of the Dallas Center for the Performing Arts Foundation. Clearly excessive greed is not a handicap in certain social circles.
In other related news, AA furloughed 323 flight attendants (all from TWA who had been recalled during the past two years) effective April Fool's Day -- er, April 1st. That number is less than the original 410 planned. The 323 former flight attendants will be offered free travel benefits but if they accept them, they lose their recall (to work) rights.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment