AN EXCEPT FROM GERARD ARPEY'S REMARKS TO THE AMR BOARD OF DIRECTORS IN ACCEPTING HIS APPOINTMENT AS CHIEF EXECUTIVE OFFICER "IN MY 21 YEARS WITH THIS GREAT COMPANY, I BELIEVE I HAVE EARNED THE RESPECT AND TRUST OF ALL THOSE I HAVE WORKED WITH, FROM EMPLOYEES, TO STOCKHOLDERS, TO SUPPLIERS, TO THOSE IN THE COMMUNITY IN WHICH I LIVE. "AS I STEP INTO THIS BROADER LEADERSHIP ROLE, I WANT EMPLOYEES TO KNOW THAT I WILL CONTINUE TO LEAD BY EXAMPLE. ACTIONS, OF COURSE, SPEAK LOUDER THAN WORDS. AND YOU CAN EXPECT ME TO ENSURE MY ACTIONS ARE CONSISTENT WITH THE HIGH STANDARDS WE SET FOR ALL EMPLOYEES OF AMERICAN AIRLINES AND AMERICAN EAGLE." |
Most of the TWA employees will be gone.
Arpey will be running the airline, Brennan is a mere figurehead. He doesn't know jack about the airline business.
Arpey's sharp; I look for Brennan to do this for a couple of years, and Arpey will succeed him.