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Topic: Donald J Carty


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In the News (Fri 1 Jan 10)

  
  Donald J. Carty - Vice Chairman and Chief Financial Officer
Donald J. Carty serves as vice chairman and chief financial officer.
Carty is responsible for all controller functions, corporate planning, tax, treasury operations, investor relations, corporate development, real estate, risk management and development of internal audits.
Carty had been American's senior vice president and controller before leaving the airline in March 1985 to become president and CEO of CP Air in Canada.
www.dell.com /content/topics/global.aspx/corp/biographies/en/donald_carty?c=us&l=en&s=corp   (419 words)

  
  Donald J. Carty - Wikipedia, the free encyclopedia
Donald J. Carty (born 1946) was the chairman and CEO of AMR, the parent company of American Airlines, from 1998 to 2003.
At American, he served as controller, and later as executive vice president for finance and planning under CEO Robert Crandall.
In April of 2003, Carty and his executive board struck a cost-cutting deal with American's labor unions, intended to mitigate AMR's upcoming $1 billion first-quarter loss.
en.wikipedia.org /wiki/Donald_J._Carty   (203 words)

  
 Leadership in a Fast-Paced Economy   (Site not responding. Last check: 2007-10-26)
Donald J. Carty became Chairman, President, and Chief Executive Officer of AMR Corporation on May 20, 1998, after serving as President of AMR Airline Group and American Airlines since March 15, 1995.
Between 1989 and 1995, Carty was Executive Vice President-Finance and Planning for AMR and American Airlines, overseeing a broad range of strategic planning matters and a wide array of critical financial activities.
Carty had been American's Senior Vice President and Controller before leaving the airline in March 1985 to become President and CEO of CP Air in Canada.
www.pbs.org /wttw/ceoexchange/episode_303/ceo_1.html   (225 words)

  
 JS Online: Former CEO Carty Won't Get Severance   (Site not responding. Last check: 2007-10-26)
Carty had worked to win union approval of $1.8 billion in annual labor cost reductions as the world's largest airline teetered on the edge of bankruptcy.
Carty became chairman and chief executive of both American and AMR in 1998, succeeding Robert Crandall, and sought to improve the carrier's long-troubled labor-management relations.
Carty also was forced to deal with the airline industry downturn that begin with a weak economy in 2001 and accelerated with the terrorist attacks that September.
www.jsonline.com /bym/news/ap/jun03/ap-american-carty061303.asp?format=print   (506 words)

  
 USATODAY.com - Travel - News - Carty: American Airlines must settle contract negotiations soon   (Site not responding. Last check: 2007-10-26)
MIAMI (AP) — American Airlines chief executive Donald J. Carty said Thursday the world's largest carrier must reach new union contracts soon to stem financial losses, which he expected to grow as war in Iraq was under way.
But Carty said despite American's plans to stay solvent, the cuts may not be enough to stave of bankruptcy if passengers stay off planes due to war fears.
Carty said the carrier has no immediate plans to fire workers as a result of war starting in Iraq.
www.usatoday.com /travel/news/2003/2003-03-20-aa-chief.htm   (517 words)

  
 Success Live
Donald has presented hundreds of speeches, seminars and workshops across North America, handing you the tools required to excel in business management, personal development, and sales.
Donald's commitment to human potential and development and his work involving the assimilation of diverse interests has been the most fulfilling part of his professional and personal life.
Donald G. Carty offers a unique glimpse & perspective to the inner workings & mind of man. Whether one be a follower of the various faiths of this world or other worlds, the design of D.G.C.’s work is enthralling.
donaldcarty.podomatic.com   (2656 words)

  
 American's jumbo mistake   (Site not responding. Last check: 2007-10-26)
Carty claimed the bonuses were necessary to retain airline executives who otherwise might retire or go on to work for another company -- presumably not a rival and also nearly bankrupt airline.
Carty explained that with his agreement to voluntarily cut his $811,000 salary by 33 percent, "I am the lowest paid CEO among the major carriers." With the retention bonus, Carty stood to earn $1.6 million annually.
If Carty still has his job (which is now in question) by the time you read this, he ought to think about sitting in on a lesson on "shared sacrifice." It doesn't mean that management gets to share the earnings and labor gets to sacrifice.
www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2003/04/24/ED26640.DTL   (549 words)

  
 BUSINESS: AMR chief Carty quits   (Site not responding. Last check: 2007-10-26)
With the airline's fate unsure, Donald J. Carty resigned as chairman and chief executive of AMR Corp., the airline's parent company.
It was not clear, however, whether the combination of Carty's resignation and the sweetened labor deal would be enough to prevent a bankruptcy filing.
The company eventually canceled bonuses for the top six executives that were worth twice their annual salary, but left in place the $41-million in pension funding for 45 executives.
sptimes.com /2003/04/25/news_pf/Business/AMR_chief_Carty_quits.shtml   (521 words)

  
 Carty Biography
Carty was the Company's principal airline executive, responsible for all operational elements of the American and American Eagle domestic and international route systems.
Carty was executive vice president-finance and planning for AMR and American Airlines, overseeing a broad range of strategic planning matters and a wide array of critical financial activities.
Carty had been a key executive for American before leaving the airline in March 1985 to become president and CEO of CP Air in Canada.
www.crsmithmuseum.org /AAhistory/carty.htm   (266 words)

  
 09/21/98 ONLINE ORIGINAL: DONALD J. CARTY: THE BOSS MAKES TIME
DONALD J. Wife at home; three grown children from first marriage, one young stepchild from second
When Carty sets his priorities between work and children, it's his own leisure activities that get cut.
As Carty worked his way up the ladder at American -- under the eye of a workaholic boss, Bob Crandall -- he says he was careful to track how often he worked into the dinner hour and would try to rein himself in if the trend line pointed in the wrong direction.
www.businessweek.com /1998/38/b3596031.htm   (554 words)

  
 Board of Directors
Carty is the former Chairman of the Board and Chief Executive Officer of AMR Corporation, positions he held from 1998 until April 2003.
Carty also held the position of President of AMR Corporation.
Carty held other executive level positions with American Airlines, Inc. or its subsidiaries from 1978 to 1995.
www1.us.dell.com /content/topics/global.aspx/corp/directors/us/en/board?c=us&l=en&s=corp&~section=000   (80 words)

  
 National Press Club -- Donald J. Carty
Donald J. Carty is Chairman and CEO of AMR Corporation, the parent company of American Airlines.
Carty began his career at American Airlines in 1979 as vice president for operations research and information systems planning.
Carty was executive vice president of finance and planning for AMR Corporation and American Airlines.
www.npr.org /programs/npc/2002/020711.dcarty.html   (321 words)

  
 Boston.com / Business / Ex-AMR CEO named Hawaiian Air director   (Site not responding. Last check: 2007-10-26)
Carty said he would not be involved in day-to-day management but would lend strategic advice.
Carty's role was cast into doubt in June, when Adams sold his stake in the holding company to San Diego-based Ranch Capital LLC.
In the new SEC filing, the holding company said Carty bought 351,062 shares for $2 million on July 26 and was appointed to fill a vacancy on the board.
www.boston.com /business/articles/2004/08/04/ex_amr_ceo_named_hawaiian_air_director?mode=PF   (288 words)

  
 Greed   (Site not responding. Last check: 2007-10-26)
According to news reports this past week, Donald J. Carty, the Chief Executive Officer of American Airlines, convinced American Airlines pilots, mechanics, flight attendants and baggage handlers, that they had to accept major pay cuts ranging from 15 to 23 percent to help the airline avoid bankruptcy.
Carty and three other executives were to be paid extra for administrating this trust.
To Donald Carty of American Airlines and Jack Welch of General Electric, and to the failed executives of Enron and Tyco and World Com, I can only say that in my experience the special moments of happiness are the ordinary things.
www.cedarlane.org /03serms/s030427.html   (2251 words)

  
 USATODAY.com - Travel - News - Report: Board member to seek Carty's ouster   (Site not responding. Last check: 2007-10-26)
Board member David Boren plans to call for Carty's replacement, saying most directors had been led to believe that the chairman and CEO had disclosed executive bonuses to union leaders before employees approved $1.8 billion in annual concessions.
Carty has lost the credibility and trust necessary to effectively lead the company through challenging times," Boren told the Tulsa World.
Carty blamed the first-quarter results on weak travel demand caused by the sluggish economy, war in Iraq and the SARS outbreak.
www.usatoday.com /travel/news/2003/2003-04-24-aa-update.htm   (605 words)

  
 "+titleText+"   (Site not responding. Last check: 2007-10-26)
PROPOSAL BY EVELYN Y. CARTY, Chairman of the Board: Good morning, everyone, my name is Donald J. Carty, I am the Chairman, President and CEO of AMR Corporation.
CHAIRMAN CARTY: While the vote tallies are being taken, I am pleased to have the opportunity, at least for few minutes this morning, to give you a brief overview of this past year.
CHAIRMAN CARTY: Billy, I think the number of applications we have been able to identify that cannot be served by the existing 777 are so limited, that we would be reluctant to add a fleet type for one or two routes.
www.aa.com /content/amrcorp/investorRelations/2001asm_transcript.jhtml   (5341 words)

  
 Donald J. Carty -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-26)
He worked for (additional info and facts about Air Canada) Air Canada and the (additional info and facts about Canadian Pacific Railway) Canadian Pacific Railway before joining American, although he returned to Air Canada from 1985 to 1987.
At American, he served as controller, and later as executive vice president for finance and planning under CEO (additional info and facts about Robert Crandall) Robert Crandall.
In April of 2003, Carty and his executive board struck a cost-cutting deal with American's (An organization of employees formed to bargain with the employer) labor unions, intended to mitigate AMR's upcoming $1 billion first-quarter loss.
www.absoluteastronomy.com /encyclopedia/d/do/donald_j._carty.htm   (210 words)

  
 Protected pensions for AMR’s executives
The trust is governed by an executive committee, which includes Carty, American president Gerard Arpey, CFO Jeffrey Campbell and Susan Oliver, senior VP of human resources.
Carty’s base salary in 2001 was $585,813, which was 33 percent less than a year earlier.
Crystal contrasts Carty’s efforts to handle criticism of executive pay with those of former American former CEO Robert Crandall, who was feared throughout the industry for his relentless tactics.
www.globalaging.org /pension/us/private/amrbankrupt.htm   (973 words)

  
 Retail-Worker.com :: View topic - Donald Carty, my hero!!!
DONALD J. Chairman of the Board and Chief Executive Officer of AMR Corporation and American Airlines, Inc. (air transportation) from 1998 until his retirement in 2003.
Donald Carty, the former American Airlines chief executive, would become chairman of, and an investor in, Hawaiian Airlines under a reorganization plan proposed by the carrier's parent company.
Carty resigned from American in April 2003 after an uproar over his failure to tell workers about bonuses and bankruptcy-proof pensions granted to executives while the rank-and-file were being asked to accept huge pay cuts.
www.retail-worker.com /forum/about2020.html   (784 words)

  
 The Corporate Library - CEO Contract Study - AMR   (Site not responding. Last check: 2007-10-26)
Carty is 52 and was elected a director in April 1998.
Douglas A. Carty is Senior Vice President and Chief Financial Officer of Canadian and is the brother of Mr.
Carty, Brennan and Kelly are directors of TSGH as are Anne H. McNamara, Senior Vice President and General Counsel of the Corporation and Gerard J. Arpey, Senior Vice President and Chief Financial Officer of the Corporation.
www.thecorporatelibrary.com /companies/a/amr/amr_def_19990330.htm   (4124 words)

  
 Donald J. Carty News - The New York Times
News about Donald J. Carty, including commentary and archival articles published in The New York Times.
Donald J. Carty resigned from American Airlines after making a critical misstep during negotiations with the airline's unions over wage and benefit concessions.
Gerard J. Arpey has wasted no time in rising to the top at AMR, the parent of American Airlines, which named him chief executive yesterday, succeeding Donald J. Carty.
topics.nytimes.com /top/reference/timestopics/people/c/donald_j_carty/index.html?inline=nyt-per   (393 words)

  
 CEOs You Don't Want in the Cockpit
Over the past week it has become clear that Carty has engaged in the same kind of double-dealing, to conceal the same kind of double standards, that last year made his fellow Texan and CEO Ken Lay a household name.
Carty's corollary is that if you run the company, just being there can be grounds for doubling your pay so long as nobody's on to you.
Even as top American executives were telling the pilots that the company would eliminate their pension plans if it had to file for bankruptcy, Carty and his crew had secretly created a special pension trust for the company's top 45 executives that no creditor could even touch during a bankruptcy proceeding.
www.commondreams.org /views03/0422-04.htm   (883 words)

  
 Right Makes Might
I suspect that there are more people in the top ranks of American than Donald J. Carty who should be purged for their roles in the deceit of the employees.
The board of American Airlines ousted chief executive Donald J. Carty yesterday and softened the concessions it was seeking from the carrier's unions in an effort to rebuild trust and avoid filing for bankruptcy protection.
Carty said the new management will "begin to build a bridge back to the path that promised a new culture of collaboration, cooperation and trust." The words evoked goals that Carty hoped to achieve when he was appointed chief executive in 1998, after a period of labor strife under Robert Crandall.
rightmakesmight.blogspot.com /2003_04_01_rightmakesmight_archive.html   (6600 words)

  
 Encyclopedia: American Airlines   (Site not responding. Last check: 2007-10-26)
Smith worked closely with Donald Douglas to develop the DC-3, which American Airlines started flying in 1936.
Crandall left the company in 1998 and was replaced by Donald J. Carty, who negotiated the purchase of Trans World Airlines and its hub in St. Louis in April 2001.
Carty negotiated new wage and benefit agreements with the airline's labor unions, but was forced to resign after union leaders discovered that Carty was planning to award handsome executive compensation packages at the same time.
www.nationmaster.com /encyclopedia/American-Airlines   (9220 words)

  
 Board of Directors
Alan J. Lacy, 51, was previously Chairman, a director, Chief Executive Officer and President of Sears.
Donald J. Carty, 58, was previously a director of Sears.
Carty served as Chairman of the Board and Chief Executive Officer of AMR Corporation and American Airlines, Inc. from 1998 until his retirement in 2003.
www.searsholdings.com /govern/board.htm   (945 words)

  
 Forbes.com - Magazine Article   (Site not responding. Last check: 2007-10-26)
American Airlines parent AMR (nyse: AMR - news - people) announced the resignation of Chairman and Chief Executive Donald J. Carty, who infuriated unions last week and brought the prospect of bankruptcy back to the forefront.
AMR's board named Edward A. Brennan, the retired chairman, president and CEO of Sears (nyse: S - news - people) as executive chairman; current President and Chief Operating Officer Gerard J. Arpey was picked as the new CEO, and shall continue as President.
Carty, who enraged and apologized to unions last week and resurrected the specter of bankruptcy, spent more than 20 years at AMR, where he has served as CEO and chairman since 1998.
www.forbes.com /2003/04/25/0425facesam_print.html   (616 words)

  
 Don Carty Of AMR Corporation To Give SMU Commencement Address
DALLAS (SMU) -- Don Carty, the chairman, president and chief executive officer of AMR Corporation, the parent company of American Airlines, will give the address May 19 at Southern Methodist University's 86th annual commencement ceremony.
Carty was American's senior vice president and controller before leaving the airline in March 1985 to become president and CEO of CP Air in Canada.
Between 1989 and 1995, Carty was executive vice president-finance and planning for AMR and American Airlines.
www.smu.edu /newsinfo/releases/00321.html   (324 words)

  
 Bain & Company: In the news detail < In the news < Publications
The resignation of AMR Corp.'s Donald J. Carty on Friday, over union criticism of executive benefits at American Airlines, is the latest gust in a storm gathering force around executive compensation.
Performance improves when companies understand the potential of their businesses over the medium term -- say, the next three to five years -- and then focus on the most critical levers for achieving that value.
Carty's successor, Gerard J. Arpe, as for executives at all carriers, it will be more critical than ever to link executive compensation to cash flow, successful balance sheet restructuring, and some measure of employee unity.
www.bain.com /bainweb/publications/in_the_news_detail.asp?id=11632&menu_url=in_the_news.asp   (706 words)

  
 Cox Press Release   (Site not responding. Last check: 2007-10-26)
WHO: Donald J. Carty became chairman, president, and chief executive officer of AMR Corporation in May 1998, after serving as president of AMR Airline Group and American Airlines since March 1995.
Prior to becoming chairman, Carty was responsible for all operational elements of the American and American Eagle domestic and international route systems, which comprise nearly 290 destinations with over 3,600 daily flights.
Between 1989 and 1995, Carty was executive vice president – finance and planning for AMR and American Airlines, overseeing a broad range of strategic planning matters and a wide array of critical financial activities.
news.cox.smu.edu /pressroom/pressreleases/dcarty.html   (287 words)

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