Departing American CEO Horton to get $20 million as part of merger
Photo Caption: The $20 million Tom Horton smile, on the left, posing with US Airways CEO Doug Parker at the merger press conference. Tom Fox/Dallas Morning News/MCT
Skift Take
"Reasonable and appropriate" is what $20 million buys you in severance.
AMR Corp. Chief Executive Officer Tom Horton will receive $19.9 million in compensation as the parent of American Airlines merges with US Airways Group Inc. and he steps aside.
Horton will receive the half-cash, half-stock payment when the deal closes, AMR said today in a regulatory filing. He will remain chairman until the combined airline’s first shareholder meeting and in that role will receive non-emplo
