AMR flap puts focus on execs'' benefits

AAquila

Senior
Sep 22, 2002
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But the disclosure that American''s parent, AMR Corp., had arranged for special accounts to ensure funding of executive retirement benefits and protect them in the event of bankruptcy helped ignite a chain reaction at the troubled carrier, including the prompt resignation of Chief Executive Donald Carty.

The fallout also has cast a new light on the programs, known as SERPs, across corporate America and, experts said, could have a substantial effect on their future.>>>>>>>>>


http://www.chicagotribune.com/business/chi...hi-business-hed
 

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