AMR's Destination: New York?

Any American Airlines bankruptcy will likely be filed in the Big Apple. One reason: No district is kinder to executive pay packages

On Apr. 16, jubilant American Airlines CEO Donald Carty praised union members for accepting $1.62 billion worth of compensation and work-rule concessions, thereby averting a trip to bankruptcy court. But management's joy soon turned to deep embarrassment when outraged workers learned of efforts to protect executive pensions and plans to pay big retention bonuses to top managers (see BW Online, 4/18/03, "How American's Execs Covered the Bases").

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