Friday, April 23, 2010

Former Continental CEO's 2009 Pay Worth $3.3M


By THE ASSOCIATED PRESS
Published: April 23, 2010

Filed at 8:27 p.m. ET

DALLAS (AP) -- The former CEO of Continental Airlines Inc. got a compensation package valued at $3.3 million in his final year leading the nation's fourth-largest carrier, according to an Associated Press analysis of a regulatory filing made Friday.

The airline's new CEO has vowed to reject his $730,000 salary and any bonuses until Continental earns a full-year profit. It lost money the last two years, but analysts predict it will post a profit in 2010.