The Wall Street crowd used to have a type of “honor among thieves code”. Not anymore. The financial in the know folks would always be aware, if not sense, the true intentions of a CEO about to hit a big payday and remain quiet. Thanks to the economy these days, the reporters on Wall Street now make more than the financial advisors.
Thomas Horton, American Airlines CEO, was slithering in very high foliage towards his personal goal of greed. Horton was crying bankruptcy, while at the same time offering raises and contract improvements to his employees. Horton stated he "wanted to keep AMR a stand alone airline and was not interested in a merger." It took one day after a New York Times report regarding their take on his "estimated intentions", for Horton to shed his skin and slither out of the high foliage. Doug Parker was seen exiting the other side of the cool grassy meadow that Horton recently resided.
American Airlines and US Airways Dance Around a Merger Article
AMR to Consider Mergers After Studying Financial Outlook, Bloomber article
