Seems to me in large "top down" organizations like AMR, every department needs a VP. Like CF mentions in his post, our CP shares the VP title as well. Interestingly, the post holds little responsibility regarding the actual running of the AAL flight department. The equivalent position of DO, which probably holds the most relevant description of what a VP of flight responsibilities should be, is about 2 or 3 rungs down the latter. In fact, the VP of flight is just figure head, in charge of "keeping the pilots in line".

Back to the original question: an assistant chief at a local base at AAL starts at about $8250.00 every two weeks, I'm sure it only goes up from there.