A judge denies the $19.9M severance package for American Airlines (AAMRQ.PK) CEO Tom Horton as...


A judge denies the $19.9M severance package for American Airlines (AAMRQ.PK) CEO Tom Horton as part of the merger of the carrier with US Airways. The ruling won't stop the deal which will create the nation's largest airline.
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Comments (4)
  • pfifla1
    , contributor
    Comments (611) | Send Message
     
    Good! why should going into bankruptcy and wiping out your shareholders earn you 20M? bravo to what ever judge decided this!
    12 Apr 2013, 06:58 AM Reply Like
  • Aussie2009
    , contributor
    Comments (597) | Send Message
     
    Shareholders were not wiped out. In fact, the AAMRQ shares could end up being worth between $6.00 and $9.00. Most certainly, Mr. Horton does not deserve a nearly 20M payoff. One dollar plus accrueed benefits seems fair to me.
    12 Apr 2013, 09:57 AM Reply Like
  • MadAsHellAnd
    , contributor
    Comments (220) | Send Message
     
    Shareholders were wiped out.
    12 Apr 2013, 11:21 AM Reply Like
  • davejet
    , contributor
    Comments (3) | Send Message
     
    Amr was the original stock before bankruptcy is now worthless. AAMRQ is the new stock which has value original stock holders lost all prior to bankruptcy. Someone should be able to confirm AMR shares did or did not convert to the new AAMRQ shares??
    12 Apr 2013, 01:20 PM Reply Like
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