Special HotLine Update
APFA Indictment of AMR Executives – Charges Twelve, Thirteen and Fourteen
Friday April 15, 2011
Today, we announce the last three charges presented in APFA’s Indictment against American’s top five executives. Counts 12 and 13 are based on the results of a recent survey that show that the Flight Attendants have little or no confidence in the executive’s leadership, and believe that these officers have placed their own interests far above the needs of the airline’s employees. The final charge assumes that on April 20 the executives will take millions in bonuses for the sixth consecutive year.
With the publication of the full indictment the time has come for the Flight Attendants to render their verdict on each count of managerial incompetence and moral contempt. Please register your vote at APFA.org.
On April 20, during the picketing and leafleting events at airports throughout the country, APFA will announce the verdict. Check APFA.org for details on events at your base.
Assuming a finding of guilt, the indictment and verdict will be sent to AMRís Board of Directors, its top 100 institutional investors, Wall Street analysts and vendors.† In the cover letter to these constituencies APFA will ask them to support the relief the Flight Attendants’ judgment requires: the removal and replacement of the executives.
Here are the final three charges of the APFA indictment:
CHARGE TWELVE: For Not Being Capable of Restoring the Airline to Profitability
Based on the conduct set forth above, the Flight Attendants believe that the executives cannot successfully operate American Airlines. In a just completed survey, when asked to rate on a scale of 1 to 5 how much confidence the Flight Attendants have that the executives can restore the airline to profitability (1 being ìnot at all confident and 5 being “very confident”), 91% of the Flight Attendants responded with a grade of 1 or 2, producing an average rating of 1.43.
CHARGE THIRTEEN: For Placing No Importance on the Flight Attendants while Putting the Highest Importance on Executive Compensation
By engaging in the conduct set forth above, the executives have destroyed the Flight Attendants’ morale. In the same survey referred to in the previous charge, the Flight Attendants were asked to rate on a scale of 1 (not at all important) to 5 (very important) the importance executives place on executive compensation as compared to the airlines’ employees. Of the Flight Attendants responding, 86.4% believed that the executives view the employees as not at all important, while 91% thought these five individuals consider their own pay as very important. Reflecting the Flight Attendants’ overwhelming sense that the executives do not value the employees, 91.8% of the respondents believe that the company is not treating them fairly.
CHARGE FOURTEEN: For Displaying Yet Again Unrestrained Greed
By accepting on April 20, 2011 stock awards provided by the PSP Plan and other executive incentive programs, the executives will reaffirm their managerial incompetence and moral contempt.
Flight Attendants can now render their verdict on each count of managerial incompetence and moral contempt.
Please register your vote at APFA.org.† Voting will remain open until noon (Central) on Tuesday April 19, 2011
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