- Dec 7, 2007
- 26
- 1
Friday, November 30, 2007 - 2:15 PM EST
US Airways execs ink compensation pacts
The Business Journal of the Greater Triad Area
US Airways Group Inc. Chief Executive Doug Parker and other senior executives have signed new compensation agreements with the airline to provide benefits in the event of a takeover or a merger that involves more than 50 percent of the voting power of the company.
Under the agreements, top executives of the Tempe, Ariz.-based airline (NYSE:LCC) are entitled to payments equal to at least twice their annual base salaries, or 200 percent for President Scott Kirby and Chief Operating Officer Robert Isom, according to a filing with the Securities and Exchange Commission.
Several executives previously had change-of-control pacts with the company.
US Airways has its largest hub at Charlotte/Douglas International Airport.
US Airways execs ink compensation pacts
The Business Journal of the Greater Triad Area
US Airways Group Inc. Chief Executive Doug Parker and other senior executives have signed new compensation agreements with the airline to provide benefits in the event of a takeover or a merger that involves more than 50 percent of the voting power of the company.
Under the agreements, top executives of the Tempe, Ariz.-based airline (NYSE:LCC) are entitled to payments equal to at least twice their annual base salaries, or 200 percent for President Scott Kirby and Chief Operating Officer Robert Isom, according to a filing with the Securities and Exchange Commission.
Several executives previously had change-of-control pacts with the company.
US Airways has its largest hub at Charlotte/Douglas International Airport.
