American Airlines CEO Opts for Stock-Only Compensation

By Paul Riegler on 23 April 2015
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DSC_0999American Airlines CEO Doug Parker announced he would voluntarily give up the cash portion in his compensation package and only be paid in stock, according to a proxy statement filed by the airline.

“I believe this is the right way for my compensation to be set — at risk, based entirely on the results achieved, and in the same currency that our shareholders receive,” Parker wrote in the statement.

Parker was paid $12.3 million in salary, stock and other compensation in 2014, according to the proxy statement.

The proxy statement shows that 54% of the stock granted to him is tied to the airline’s performance and 46% will vest over time.

(Photo: Accura Media Group)

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