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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
 Monday, July 30, 2007
American Airlines continues to upset investors with its executive compensation plans after it increased the plan yet again last week. The new provisions would enable executives to earn an additional $13 million in stock in 2010 during a time when employees have faced 20 to 30 percent pay cuts. The airline's turnaround wasn't all that bad for employees as it cut less jobs than any other major airline that underwent bankruptcy; however, executives and top managers received rewards during this same period thanks to AMR's soaring stock price and stock-bonus plans. Last year, $95 million in stock was dished out to executives while another $160 million was shelled out during April of this year! Clearly there is a disconnect here between executives and employees that needs to be solved - especially in a major company shortly after a bankruptcy.

Monday, July 30, 2007 12:57:25 AM UTC  #    Comments [0]  |  Trackback Tracked by:
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