Board of Directors
Robert L. Fornaro
Chairman, Chief Executive Officer and President
J. Veronica Biggins
Director
Partner, HNCL Search
Don L. Chapman
Director
Chief Executive Officer, Chapco Investments, Inc.
Geoffrey T. Crowley
Director
President Northshore Leasing
G. Peter D'Aloia
Director
Senior Vice President & Chief Financial Officer, Trane, Inc.
Jere A. Drummond
Director
Retired Vice Chairman, BellSouth Corporation
John F. Fiedler
Director
Retired Chairman of the Board, BorgWarner, Inc.
Lewis H. Jordan
Director
Principal, Wingspread Enterprises, LLC
Alexis P. Michas
Director
Managing Partner, Stonington Partners, Inc.
Let's take a bit of a closer look at these people.
Robert Fornaro, not only sits on the board but is also the CEO and President of Airtran. So, when he votes for executive bonuses and raises (as a board member) he's actually voting for his own raise. Nice.
Ms. Biggins is a partner for HNCL which is a big name executive headhunting firm. If I'm not mistaken, it was HNCL that brought Fornaro (and a few others) to AAI to begin with. So, when she votes for executive bonuses she is voting for her former clients to receive them.
Don Chapman was elected to the board in 1994 when he was serving as the President of Tug Manufacturing. That would be the same company that makes ground support equipment for airline operations. Now, I've never sat up front on an Airtran flight, but I'd bet good money that when one of those planes pushes back, it's a TUG tug doing the pushing. I wonder how Tug Manufacturing (now S&S Tug Manufacturing) got THAT contract?
Geoff Crowley used to be the President and CEO of AWAC. AWAC, at one time flew for Airtran.
Peter D'Aloia is a senior VP at American Standard. Up until 2 years ago a senior VP from Airtran sat on the American Standard board.
Jere Drummond is a former Bell South guy. I have no idea about any connections to anything with him. (And he is the guy on the compensation committee)
John Fiedler used to work for Goodyear tire. He was also Chairman Of The Board for BorgWarner (an auto supplier) which interestingly enough, Jere Drummond also served on.
Lewis Jordan was the President and CEO of Airtran from 1993 until 1997.
Alexis Michas runs Stonington Parnters, a private equity firm, which at one point in time was heavily invested in Airtran. Oh, and he's on the BogWarner Board too.
It's sort of like playing 6 degrees of Kevin Bacon, but everybody is an executive, and not an actor.