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Posted On: 04/12/2013 10:25:58 AM
Post# of 28539
Posted By: testdemo
Judge denies $20M severance deal for AMR CEO

In this Monday, Oct. 8, 2012 photo, American Airlines CEO Tom Horton talks to a reporter in New York. A federal bankruptcy judge has denied a proposed $20 million severance payment for CEO Horton as part of the company's merger with US Airways. The judge ruled Thursday, April 11, 2013, that the proposed payment to Horton exceeded limits that Congress set for bankruptcy cases in 2005. (AP Photo/Seth Wenig) DALLAS (AP) — A federal bankruptcy judge has denied a proposed $20 million severance payment for the CEO of American Airlines as part of the company's merger with US Airways.



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