American Airlines' Departing CEO Gets a $17 Million Bon Voyage

Former American Airlines CEO Tom Horton in 2012 Photograph by Seth Wenig/AP Photo

For much of this year, the old American Airlines battled in bankruptcy court to award its departing chief executive a $20 million severance award, drawing protests from company employees and a federal agency. But fear not for Chairman Tom Horton’s financial future—on Monday the board of the new American Airlines gave him nearly $17 million in cash and stock.

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