Cockpit Jumpseat- Boarding Pass?
#16
FlyerTalk Evangelist
Join Date: May 2001
Location: LAX; AA EXP, MM; HH Gold
Posts: 31,789
Other Compensation
As is common in the airline industry, each non-employee director and his or her spouse or companion and dependent children also received unlimited complimentary personal air travel on American Airlines and American Eagle Airlines in any available class of service, and we reimbursed them for any related taxes. We provided membership in our Admirals Club airport lounges and all of the benefits and privileges American Airlines gives to its best frequent flyers, including class of service upgrade credits, travel assistance, and fee waivers. We also reimbursed them for their expenses incurred in attending our meetings. We provided other perquisites and personal benefits, which are described in footnote 5 to the "Director Compensation Table For Fiscal Year 2010" below.
Pension and Other Retirement Benefits
Each non-employee director elected to the Board before May 15, 1996 and who serves on the Board until age 62 is entitled to a pension benefit of $20,000 per year. The benefit is paid until the death of the director and the director's spouse. Upon retirement, Mr. Boren, Mr. Codina and Mrs. Korologos will receive this benefit. We will also continue to provide the Admirals Club membership, frequent flyer benefits, complimentary air travel and tax reimbursements described above following the non-employee director's retirement. For each non-employee director who has served on the Board for at least ten years and retires at or following age 70, we continue to provide the complimentary air travel until the death of the director and his or her spouse. For directors who either do not serve until age 70 or do not serve for at least ten years, we continue to provide the complimentary air travel for the number of years the director served on the Board.
As is common in the airline industry, each non-employee director and his or her spouse or companion and dependent children also received unlimited complimentary personal air travel on American Airlines and American Eagle Airlines in any available class of service, and we reimbursed them for any related taxes. We provided membership in our Admirals Club airport lounges and all of the benefits and privileges American Airlines gives to its best frequent flyers, including class of service upgrade credits, travel assistance, and fee waivers. We also reimbursed them for their expenses incurred in attending our meetings. We provided other perquisites and personal benefits, which are described in footnote 5 to the "Director Compensation Table For Fiscal Year 2010" below.
Pension and Other Retirement Benefits
Each non-employee director elected to the Board before May 15, 1996 and who serves on the Board until age 62 is entitled to a pension benefit of $20,000 per year. The benefit is paid until the death of the director and the director's spouse. Upon retirement, Mr. Boren, Mr. Codina and Mrs. Korologos will receive this benefit. We will also continue to provide the Admirals Club membership, frequent flyer benefits, complimentary air travel and tax reimbursements described above following the non-employee director's retirement. For each non-employee director who has served on the Board for at least ten years and retires at or following age 70, we continue to provide the complimentary air travel until the death of the director and his or her spouse. For directors who either do not serve until age 70 or do not serve for at least ten years, we continue to provide the complimentary air travel for the number of years the director served on the Board.
#17
Moderator: American AAdvantage
Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Matre-plongeur des Muccis
Posts: 62,948
#18
Join Date: Jan 2006
Location: lax
Posts: 3,874
This is why an employee was fired, for posting the names and flights of those execs bumping FC pax. I would like to think that revenue pax come first, but I'm old school.
#19
FlyerTalk Evangelist
Join Date: Nov 2001
Location: Wanting First. Buying First.
Programs: Lifetime Executive Diamond Platinum VIP with Braniff, Eastern, Midway, National & Pan Am
Posts: 17,294
Lower upper management also gets to fly first class for personal travel.
The buy-in to be able to fly confirmed F is the Managing Director level.
The buy-in to be able to fly confirmed F is the Managing Director level.