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Technology Stocks : Dell Technologies Inc.

DELL 130.65

-5.7%

3:09 PM EST

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To: kaka who wrote (175727)	12/19/2006 8:39:31 PM
From: John Koligman	Read Replies (2) of 176387

Well here is an 'ethical' guy that Dell just hired as the new vice chairman/CFO. I remember this guy well from news articles around the time he 'resigned'. One of those airline guys who as he demanded pension/salary cuts from the rank and file, made sure management benefits were protected. What a slimeball... John "From 1998 to 2003, Carty was the controversial chairman of the board and chief executive officer of AMR Corp., the Fort Worth-based parent of American Airlines. He resigned after losing the confidence of workers. By spring 2003, AMR had lost more than $6 billion in about two years, the company was running low on cash, and Carty said he needed $1.8 billion in annual concessions from employees or the carrier would file for bankruptcy protection. Workers grudgingly went along — at least until they found out that the company had secretly approved bonuses and pension perks for Carty and other senior executives. The resulting firestorm cost Carty his job. Carty was replaced by a company financial wizard, Gerard Arpey, whose first act was a late-night meeting with union leaders to salvage the labor concessions and keep American out of bankruptcy."

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