Re: US Airways chief financial officer resigns

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AIRLINE:

It would appear that a career in finance at a major
airline isn't the place to be at the moment.  Two of
Air Canada's big wigs also tossed in the towel.

What's to become of the big boys of the skies?

Mike Burris
Cambridge, Mass


--- lafrance@xxxxxxxxxxx wrote:
> US Airways chief financial officer resigns  =
>
>  =
>
>  =
>
>   =
>
>
> Monday May 3, 6:09 PM EDT =
>
>
> CHICAGO, May 3 (Reuters) - US Airways said on Monday
> that Chief Financial=
>  Officer Neal Cohen has resigned, a year after the
> carrier emerged from b=
> ankruptcy and following Chief Executive David
> Siegel's recent decision to=
>  step down.
>
> Dave Davis, previously the airline's senior vice
> president of finance, wi=
> ll replace Cohen, effective immediately.
>
> Cohen had an option in his employment contract,
> similar to the one exerci=
> sed by Siegel, that permitted him to leave the
> company with certain benef=
> its. Siegel's option entitled him to collect roughly
> $5 million in severa=
> nce. =
>
>
>
> =A92004 Reuters Limited. =
>
>
> Roger
> EWROPS





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