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To: getmeouttaPalmBeachCounty_FL; MeeknMing; Velveeta; Otta B Sleepin; valleygal; All
Two days ago, I was shocked. Yesterday, I was disgusted and angry. Today, I am wanting to fight this, but right...who the heck am I? I have no powerful name or influence to do a darn thing except go through my house with a spray bottle of cleaner and a paint brush to ready it for a quick sale.

Two days ago, 69% of the American Airlines pilots' union voted to pass our CEO's Tentative Agreement to "save us" all from bankruptcy. The pilots and the other unions were shouted at by CEO Carty & his puppets to pass it or else an immediate Chapter 11 filing would be initiated. Nothing was spelled out on paper because we were all told that debts were due to be paid no later than April 15th, and this was a crisis, and time was running out as fast as the money, blah-blah-blah-blah-blah.

The concessions can be found on the SEC page online, and I will link that as soon as I can. In a nutshell, thousands of pilots, flight attendants, mechanics, and other fathers and mothers trying to earn their living will be booted from Carty's Double A Ranch. Those who will remain as ranchhands will find that the damage of their votes has resulted in cow patties for their retirement.

Meanwhile, sitting high in the saddle is Mr. Carty.

FReepers...(sigh)...I really can't be sitting here right now, as I have to get back to cleaning. (Dh had to run an errand)

Why are the CEOs so protected, and the rest of us are not? Why are they so sovereign? Why is it that in dh's contract there is written such a thing as "furlough protection," yet *that* contract means diddly? Why do we even have contracts if CEOs can do whatever they can get away with, anyhow? Why were the pilots denied extra time to vote this past Monday so that the TA could be reviewed in its final, written form, yet the Flight Attendants saw the CEO roll out the proverbial "red carpet?" The judge told the pilots to pack sand, as a delay would cause a Chapter 11 filing. And can anyone tell me why on the SEC filing on the 15th, I read the following?:
PART III

ITEM 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Omitted under the reduced disclosure format pursuant to General Instruction I(2)(c) of Form 10-K.

ITEM 11. EXECUTIVE COMPENSATION
Omitted under the reduced disclosure format pursuant to General Instruction I(2)(c) of Form 10-K.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Omitted under the reduced disclosure format pursuant to General Instruction I(2)(c) of Form 10-K.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Omitted under the reduced disclosure format pursuant to General Instruction I(2)(c) of Form 10-K.


I cannot even begin to describe to you all, the devastation in dh's eyes. Coming from the Marine Corps & semper fi to this is disappointment, loss and above all, betrayal.

Well...thanks for listening. You guys are awesome!
7 posted on 04/17/2003 11:38:20 AM PDT by getmeouttaPalmBeachCounty_FL (SAHM...for as long as we can manage.)
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To: getmeouttaPalmBeachCounty_FL
So while the stock falls from $25 to $5 Carty rakes in $2.5 million. Please. Your union reps should have held firm and told him to give up his salary.
9 posted on 04/17/2003 11:55:17 AM PDT by jjm2111
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