It must also be noted that Mr. Horton has rejected two pay increases from American’s board and works without an employment contract. He is paid $660,000 annually while the company is in bankruptcy. Advisers close to the company say he is alert to the appearance of excessive compensation and may not seek an outsize compensation package upon exiting bankruptcy.
That is pretty interesting. People see that amount of pay and think it is a lot, but that is incredibly low for a CEO with the responsibility for such a huge company like American.