AMR: Your money is gone, so stop bothering us

AMR is preparing the same response to the same shareholder in 2010.

Briefcase: Your money is gone, so stop bothering us
Published: Saturday, March 19, 2005, New York Times
Companies make a variety of arguments to keep proposals from shareholders off their annual ballots. Here is a new one: we have wiped out so much of your investment, you should no longer have a say in how we operate.

That, in essence, is what AMR, which owns American Airlines, told John Chevedden, an activist investor, this year. Chevedden, who lives in Redondo Beach, California, has owned 100 AMR shares since late 1998, when they were worth about $2,500 ...