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Encyclopedia > Donald J. Carty

Donald J. Carty (born 1946) was the chairman and CEO of AMR, the parent company of American Airlines, from 1998 to 2003.


Born in Montreal, Canada in 1946, he attended Queen's University and Harvard Business School. He worked for Air Canada and the 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 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. The deal unraveled several days later, when unions learned that AMR executives were keeping $41 million in retention bonuses. Several AMR board members, most notably University of Oklahoma president David Boren, called for Carty's resignation.


Carty resigned on April 24, 2003. He was replaced as CEO by Gerard Arpey, and as chairman by Edward A. Brennan. He remains on the board of directors at Sears, Roebuck and at Dell Computer.


  Results from FactBites:
 
Donald J. Carty - Vice Chairman and Chief Financial Officer (419 words)
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.
Donald J. Carty - Wikipedia, the free encyclopedia (203 words)
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.
  More results at FactBites »

 
 

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