> > Date: Thu, 17 Apr 2003 17:04:22 -0500 > From: Roger James <ejames@xxxxxxxxx> > > American Airlines shielded executives pensions from bankruptcy > > FORT WORTH, Texas (AP) =97 One day after American Airlines employees agreed= > =20 > to annual cuts of $1.8 billion, the cooperative spirit turned acrimonious=20 > Thursday as union leaders expressed outrage over newly disclosed perks=20 > granted to executives. According to the SEC filing, the company's board agreed > to fund 60% of the= > =20 > pension trust established for 45 top executives and it approved bonuses for= > =20 > six top executives if they stay through January 2005. The bonuses would be= > =20 > double each executive's pay. American spokesman Bruce Hicks said the=20 > benefits were designed to retain top talent and were similar to deals=20 > offered by other major companies. "Retention benefits are designed to keep= > =20 > key senior management who are constantly being wooed by other companies =97= > =20 > other airlines and non-airlines," he said. I wonder what airlines or other companies are just waiting in the wings to hire these executives with such stellar track records in managing AA, UA and Delta? H/