AMR CEO Horton in line for $20 million severance

Published on NewsOK Modified: February 15, 2013 at 11:27 am •  Published: February 15, 2013

Horton clashed with AMR's unions during the bankruptcy process when he moved to eliminate thousands of jobs, cut pay, freeze pensions and make other changes designed to save about $1 billion in annual labor costs. American's three unions openly supported a merger that would result in US Airways' management running the new company.

A spokesman for the pilots' union declined to comment Friday on Horton's compensation.

"Our focus is on the incoming team and the experience and leadership that they'll bring to the new American Airlines," said spokesman Dennis Tajer.

If the merger of AMR and US Airways Group Inc. is approved by AMR's bankruptcy judge, U.S. antitrust regulators and shareholders, Horton would serve as chairman until about mid-2014 and then leave the board. He hasn't said what his plans are after that.

Helane Becker, an analyst with Dahlman Rose & Co., said Horton would be a good candidate to lead an airline or a company in another industry.

"Doug (Parker) has gotten all the attention, but Tom has quietly done a good job" leading AMR through bankruptcy, she said. "Whatever company gets him will be lucky. He's smart, he works hard, he's energetic."


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