Great Circle.
The former NWA CEO, Mr. Richard Andersen, receives for the rest of his life a salary of about $60,000 per month.
This is in addition to his previous salary while "employed" and his stock options.
Their present CEO,
Mr. Doug Steenland, probably will do just as well. There are some "tails" that wag Mr. Steenland's "dog". One was already at USAirways
.
One often wonders how much the Board of Directors are paid in order to employ such "leaders" who to various degrees, are seriously lacking in people skills. Sadly, the Board of Directors have little regard for their responsibility for the future of NWA.
Ironically, the airline business is all about people.
And they carry people around much more than cargo.
Former Continental CEO Mr. Gordon Bethune stated that he was not interested in trying to run NWA: he had fired a number of mgmt. types at Continental who went to NWA!
Mr. Bethune made quite a statement.