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AMR files for Chap 11
November 29, 2011
11:09 am
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masseybrown

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I guess we're all numb to this kind of news by now.  My sympathy to the employees.  Most will keep their jobs, I expect, but it will be a wrenching process for them.

 

The CEO has resigned.  At last.

November 29, 2011
7:04 pm
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Chuck Slusarczyk Jr.

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I heard about this this morning, but did not know the CEO resigned.  So many changes in the industry...it's downright depressing!  My best to the employees of AMR.

November 30, 2011
1:40 am
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masseybrown

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Arpey was one of those super-rational guys who played the percentages even when the percentages said he was doomed. Everything he did was perfectly logical - just what B-schools and game theory teach - and perfectly wrong. Well, not everything ... but you get the idea: I'm not a fan. Cool

November 30, 2011
11:41 am
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707guy
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I guess it was only a matter of time before this happened.  Good thoughts to all the employees.  Timing sucks though - makes it worse I think being around the holidays.

December 1, 2011
12:34 am
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masseybrown

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Interesting: Gerald Arpey and Larry Kellner are now partners in the Emerald Creek LLC.

December 3, 2011
11:08 am
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michi

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All the best to our American colleagues.

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AMR files for Chap 11 | General Aviation Discussion | Forum