The American Airlines bankruptcy has resulted in major layoffs, steep pay-cuts, drastic work-rule changes and severe reductions in medical benefits to current employees and retirees. Yet, Tom Horton, American’s CEO Tom is set to receive a $20 million+ severance package. Bankruptcy reforms were put into place to prevent such excess following the Enron scandal and…
Tag: Horton
Special Jetwire – Tuesday, July 10, 2012
Dear American Team: Thanks to the efforts of each of you, American is well down the path to a successful restructuring to restore our company to industry leadership. Our strategy for the new American is strong and is rapidly gaining altitude. We have hubs in the most important markets, the best international alliance partners, and…
Sullivan Meets with American Airlines CEO Tom Horton
Washington, Jan 25 – Today, Congressman John Sullivan met with American Airlines CEO Tom Horton, to discuss issues surrounding the companies bankruptcy filing. “We had a productive meeting – American Airlines is the largest private employer in Oklahoma, and big part of the Tulsa community. I appreciate him taking the time to speak with me so…