Taking A Moral Stand ...CEO Retires With No Severance Package As Airline Goes Bankrupt
Taking A Moral Stand, American Airlines CEO Retires With No Severance Package As Company Goes Bankrupt
Some pilots at Aloha Airlines lost 90 percent of their retirement benefits after that business declared bankruptcy.
So instead of leading the company through bankruptcy, Arpey decided to retire after 30 years with the company, denying him any severance pay.
D. Michael Lindsay, the president of Gordon College, interviewed Arpey for a New York Times op-ed about his choice. Arpey told Lindsay that he wanted his company to honor its commitments to its workers: Full story HERE
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