American bankruptcy trustee questions $20M severance for CEO

by alexoscarew | March 19, 2013 at 01:33 am
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http://economicrisis.com/american-bankruptcy-trustee-questions-20m-severance-for-ceo/2290

American bankruptcy trustee questions $20M severance for CEO

The U.S. 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 why that level of severance pay
Read More: http://economicrisis.com/american-bankruptcy-trustee-questions-20m-severance-for-ceo/2290

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