Remember these dumbest moments? Here are some of the highlights of stupidity in 2003.
Winner, Dumbest Moment, Management
Winner, Dumbest Moment, Management
He was never a big fan of business class.
As American Airlines teeters on the brink of bankruptcy in April, CEO Donald Carty goes to the unions, hat in hand, begging $1.8 billion in wage concessions from its 110,000 workers. Yet even as he's preaching his stirring, we're-all-in-this-together line, the company quietly files an SEC report outlining a luscious, salary-tripling bonus scheme and a bankruptcy-proof, $41 million pension plan for its top 45 executives. "It's the equivalent of an obscene gesture from management," says union leader John Ward. Salvaging the labor deal and likely staving off Chapter 11 in the process, AA's board kills the bonuses, and Carty resigns in disgrace.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.