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Bankruptcy trustee challenges Horton's severance package at AMR

2013-03-16 08:45:31| Airlines - Topix.net

The U.S. trustee in AMR Corp.'s Chapter 11 bankruptcy case has objected to American Airlines CEO Tom Horton's $19.8 million severance payment, arguing that the company hasn't explained why such a large sum is permissible under federal bankruptcy rules.

Tags: package challenges bankruptcy trustee

 

Opel to freeze pay as Ford's Belgian workers agree on severance

2013-03-16 01:27:59| Auto Dealers - Topix.net

General Motors Co. and Ford Motor Co., the two biggest U.S. carmakers, won employees' approval in Europe for labor-cost cut plans to restore earnings in the region in response to a recession that's reducing vehicle sales.

Tags: pay agree workers opel

 
 

New Alcatel-Lucent CEO will have lower bonus target, possible severance

2013-03-15 01:00:00| Total Telecom industry news

Michel Combes to be paid 1.2 million base salary when he takes on job of turning round embattled vendor from April.

Tags: possible lower target bonus

 

Oil and gas 'battle' brewing over proposed severance tax

2013-03-08 08:28:01| Oil & Gas - Topix.net

Executives with two of the most prominent actors in Ohio's Utica Shale praised the state's oil and gas policies and regulatory structure but acknowledged a "battle" is brewing over the governor's proposal to raise the severance tax.

Tags: tax gas oil proposed

 

American Airlines' CEO in line for $20 million severance

2013-02-20 04:29:56| Airlines - Topix.net

By DAVID KOENIG AP Airlines Writer FORT WORTH, Texas - Tom Horton won't get to lead the new American Airlines after it merges with US Airways, but he'll get a going-away prize of nearly $20 million.

Tags: line american million ceo

 

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