Judge denies $20 million severance to outgoing AMR
Post# of 28526
Posted On: 04/13/2013 8:10:45 AM
Judge denies $20 million severance to outgoing AMR chief By Jonathan Stempel and Tanya Agrawal (Reuters) - A judge has rejected a proposed severance package of nearly $20 million for Thomas Horton, the chairman and chief executive officer of American Airlines parent AMR Corp , saying the payout was not allowed under federal bankruptcy law. U.S. Bankruptcy Judge Sean Lane in Manhattan issued his decision on Thursday, after having approved at a March 27 hearing AMR's planned $11 billion merger with US Airways Group Inc . Horton's $19. ...
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