Page 22 - The Way to the Top
P. 22
Gerard J. ARPEY
President and CEO of American Airlines
Right after I had been named Chief Financial Officer of AMR
Corporation, former AMR Chairman and CEO Al Casey gave me this
guideline: “Borrow money when you can, not when you need to.” Without
a doubt, it was the soundest piece of business advice ever given to me.
Be leery of loans
