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cpamomfromtexas Journal
Posted by cpamomfromtexas in General Discussion
Tue Nov 29th 2011, 07:22 PM
Just so you know, AMR's (parent company of American Airlines) CEO Gerard Arpey stepped down today along with subsequent filing of bankruptcy papers for the airline. He takes with him a SERP (SENIOR EXECUTIVE RETIREMENT PLAN) which was immune and outside the bankruptcy court which was set up in the aftermath of 911 and the subsequent eating down of employees. This SERP led to the resignation of Don Carty who was the CEO at the time. So, the employees just got screwed today and this bastard walks ...
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