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Saturday, April 13, 2013

Judge denies US$20 million severance to outgoing AMR chief

A judge has rejected a proposed severance package of nearly US$20 million for Thomas Horton, the chairman and chief executive officer of American Airlines parent AMR Corp., saying the payout was not allowed under federal bankruptcy law.

http://www.chinapost.com.tw/international/americas/2013/04/14/376022/Judge-denies.htm

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