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Consumer Traveler Today: May 1

05-01-2011

 

Consumer Traveler Today: AA loses $471 million, CEO gets 11 percent raise to $5.2 million 
 

Link to Consumer Traveler

AA loses $471 million, CEO gets 11 percent raise to $5.2 million

Posted: 01 May 2011 04:58 AM PDT

While you have been the CEO, your company finished last among its peers. It was the only company of the group that managed to lose money ($471 million) while the rest of the industry made millions. Your airline has gone from the largest in the world to the third-largest. Your stock price dramatically underperformed the industry during the past year. Your labor relations are rocky. Why not give yourself a raise?
        


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