Articles tagged “tom horton”

American Airlines CEO Tom Horton Sends Thank You Note to Employees

American Airlines CEO Tom Horton Sends Thank You Note to Employees

Samantha Shankman, Skift

Tom Horton may be losing reigns of the world's largest airline, but he's walking away with the knowledge that he helped seal an industry-shaking deal and that a plump severance package awaits.

6 years ago

American Airlines CEO’s $20 million severance opposed by U.S. government

David McLaughlin, Bloomberg

The U.S. trustee raised objections to Horton's severance earlier so this is not a complete surprise. Still, the issue of the American Airlines CEO's golden parachute may become a little more pesky than initially envisioned. Maybe he'll have to take a discount.

6 years ago

American Airlines records modest profit in countdown to merger

Dennis Schaal, Skift

One can expect some real profits from the new American once the merger goes through in light of continued this airline consolidation, and all the costs American is shedding through the bankruptcy process.

6 years ago

The only parachutes on U.S. airlines are golden: Big exit packages at the top

The only parachutes on U.S. airlines are golden: Big exit packages at the top

Dennis Schaal, Skift

It is difficult to stomach giving $20 million to a CEO of an airline in bankruptcy, a company that resisted a merger and has been bleeding losses over the last few years.

6 years ago

The new American Airlines: How Doug Parker beat out Tom Horton for CEO

The new American Airlines: How Doug Parker beat out Tom Horton for CEO

Scott Mayerowitz, Associated Press

We don’t need to know what every stakeholder ate at merger meetings to see how Parker’s gall wrangling the AA unions together helped seal the deal before ever approaching Horton.

6 years ago

Departing American CEO Horton to get $20 million as part of merger

Departing American CEO Horton to get $20 million as part of merger

Mary Schlangenstein, Bloomberg

"Reasonable and appropriate" is what $20 million buys you in severance.

6 years ago

Horton: Parker and US Airways had strong feelings about a merger

Horton: Parker and US Airways had strong feelings about a merger

Dennis Schaal, Skift

The two airlines will start their transition planning and assembling integration teams, but the heavy lifting can't begin until the fourth quarter of 2013.

6 years ago

American Airlines-US Airways merger: Why Doug Parker will be CEO

American Airlines-US Airways merger: Why Doug Parker will be CEO

Dennis Schaal, Skift

Parker has clearly proven his qualifications to lead an American Airlines-US Airways merger, while Richard Anderson at Delta is poised to be the biggest winner.

6 years ago