Re: Hope you don't hurl after reading this....especially all you US employees out there

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My only comment is how the hell can these so-called managers sleep at night
knowing that they have reaped millions from a dying airline?

David r
> From: US Airways Employee News
>
> "US Airways gave $35 million in pension payments to top 3 former executives"
>
>
> As it was careening into financial ruin and ultimately Chapter 11 bankruptcy, US
> Airways paid $35 million in lump-sum retirement benefits to its former top three
> executives.
>
> Stephen Wolf, who ran the airline for seven years and now serves as chairman of
> the board, received $15 million. Wolf is no longer employed by the carrier. His
> protege, Rakesh Gangwal, who resigned as president and CEO in November 2001,
> also received $15 million, and Lawrence Nagin, the airline's longtime executive
> vice president and general counsel who retired last March, received $5 million.
>
> Although the payouts apparently took place at the time each of the executives
> retired, they didn't come to light until this week during a bankruptcy court
> hearing in Alexandria, Va. Disclosure of the payments was tucked into documents
> filed with the court last September and October.
>
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> ---------------------------------
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