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Tag: severance
Judge denies $20M severance deal for Amr Ceo
2013-04-12 13:25:39| Airlines - Topix.net
The judge ruled Thursday that the proposed payment to CEO Tom Horton exceeded limits that Congress set for bankruptcy cases in 2005.
Paid To Fail: Bankrupt American Airlines CEO Slated For $20 Million Severance
2013-03-30 08:05:02| Airlines - Topix.net
When I first read the headline that Honorable Judge Sean Lane had objected to the $20 million proposed "bonus" payment slated for outgoing AMR CEO Tom Horton, I was encouraged that finally, someone had pulled a Rakoff, and objected to a settlement based on the moral principles of Justice, fairness and reason.
Tags: american
million
paid
ceo
American Airlines says CEO's severance deal is legal
2013-03-23 04:15:38| Airlines - Topix.net
American Airlines said Friday that a $19.8 million severance package negotiated for CEO Tom Horton is legal despite objections from the trustee that it doesn't conform to U.S. bankruptcy law.
Tags: legal
american
deal
airlines
American Airlines defends Horton severance pay of $20M
2013-03-22 10:22:34| Airlines - Topix.net
American Airlines is defending a plan to pay CEO Thomas Horton a severance of $20 million, following its planned merger with US Airways Group .
Tags: american
pay
airlines
20m
Trustee queries severance offer for AMR chief
2013-03-18 06:55:56| Airlines - Topix.net
The trustee overseeing American Airlines' bankruptcy has asked the carrier to justify its offer of $19.9 million in severance pay to Chief Executive Tom Horton, part of compensation linked to its merger with US Airways Group Trustee Tracy Hope Davis said in a filing on Friday to the U.S. Bankruptcy Court in New York that American had not explained ... (more)
Tags: offer
chief
queries
trustee
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