Business news briefs: 8/5/04
Thursday, August 05, 2004
Filing shows Siegel payout
A new Securities and Exchange Commission filing by US Airways shows that David Siegel received a lump sum of $4.7 million, was granted the right to exercise 660,600 options and 1.1 million shares of restricted stock and was granted health benefits for three years when he resigned in April as chief executive officer. Neal Cohen, who resigned as chief financial officer that month, received $1.5 million, the right to exercise 446,400 options and 376,800 shares and worked as a consultant for three additional months at a cost of $150,00 plus $20,000 in first-class trave
Thursday, August 05, 2004
Filing shows Siegel payout
A new Securities and Exchange Commission filing by US Airways shows that David Siegel received a lump sum of $4.7 million, was granted the right to exercise 660,600 options and 1.1 million shares of restricted stock and was granted health benefits for three years when he resigned in April as chief executive officer. Neal Cohen, who resigned as chief financial officer that month, received $1.5 million, the right to exercise 446,400 options and 376,800 shares and worked as a consultant for three additional months at a cost of $150,00 plus $20,000 in first-class trave