AMR CEO Horton’s $20 Million Severance Draws Objection From U.S.

AMR Corp. Chief Executive Officer Tom Horton’s $20 million severance as part of the airline’s planned merger with US Airways Group Inc. drew an objection from the U.S.

The American Airlines parent hasn’t established that the severance complies with bankruptcy law, the U.S. Trustee, which monitors bankruptcy proceedings, said in a court filing yesterday in U.S. Bankruptcy Court in Manhattan.