1) NWA's previous CEO, Mr. Richard Andersen (now with United Health), in addition to his (previous) working salary and loads of free shares of stock, brings home about $60,000 per MONTH-for the rest of his life. This was reported not too long ago, whether based upon SEC or other regulations, I have no idea.
2) NWA's present CEO might do just as well.
As a group, NWA's upper mgmt team, despite the status of being in Chapter 11 bankruptcy and needing any revenue cash (winter is never far off in this business: even with lower fuel prices...fall is not much better), took in about $55,000,000 in bonus etc in the last 12 months or so from a cash-strapped operation, but a few details here might not be 100% accurate, so please correct me.
Thank goodness they will also receive a social security check when they turn age 65.
Many major airline pilots might not have any decent health insurance "copays" (the extra part that you pay for each time you see a quack or a dentist, when they get into retirement). Check on the situation for USAirways's pilots.
An article in either the "New York Times" or wherever described the gigantic cash drain to any corporation's operating cash when huge bonuses are being paid to multiple upper mgmt types every few years nowadays. The figures were staggering. Erstaunlich, here in the capitalist paradise. The extortionate prices charged by the bankruptcy law firms are also quite interesting. How many millions per month are paid out?
Imagine the example now portrayed in the context of corporate leadership when many major US airline pilot groups have already signed contracts which give up anywhere from 25 to 38 % of their pay, in addition to other contract areas, with only a small fraction paid back over the next 5-7 years! Did somebody say "inflation and its compounding effects"??
Do any 'experts' on Wall Street call that leadership at the top, by example?