Despite the fact that the corporation he
oversees has lost approximately $1 billion
over the past 15 months, Gerard Arpey,
Chairman and CEO of AMR, the parent
company of American Airlines, received
over $5 million in total compensation in
2010, which was 11% more than he
received the year before. See how
this works: company makes money,
you get a raise; company loses
money, you get a raise. That
old Invisible Hand is such a
clever prestidigitator!
4 comments:
They should all be in jail for grand larceny and worse.
No early release.
S
Crime does not pay, except when it does.
But, but without his brave efforts the company would have lost 2 or maybe 3 Billion. You have to give him a few Million for effort, don't you?
What a novel compensation concept: you get paid for the billions and billions your company didn't lose.
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