NYTimes.com Article: Fund Dominates US Airways' Board

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Fund Dominates US Airways' Board

March 17, 2003
By THE NEW YORK TIMES






David G. Bronner, whose Alabama pension fund is the lead
investor in the US Airways Group, will become one of eight
new directors on the airline's board, US Airways said in
court documents filed last week.

Under terms of US Airways' restructuring, the Retirement
Systems of Alabama, of which Mr. Bronner is the chief
executive, received eight seats on the board, plus 70
percent voting control of the airline.

Mr. Bronner will be joined by Rono J. Dutta, a former
executive and board member at United Airlines, who advised
Mr. Bronner on his US Airways investment last year.

Other board nominees include Hans Mirka, an airline
executive who served at American, Pan Am and Continental,
and William T. Stephens, the general counsel for the
Alabama pension fund. The slate of board members is set to
be considered by a bankruptcy judge tomorrow. US Airways
hopes to emerge from bankruptcy by March 31.

http://www.nytimes.com/2003/03/17/business/17BOAR.html?ex=1048910300&ei=1&en=c6d69102ca5b9f7c



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