Didnt see this posted anywhere yet, very unexpected and interesting development. From the WSJ today.
"UAL Corp. said Tuesday Chairman and Chief Executive Glenn Tilton would swap a cash severance for an equivalent amount of restricted stock if the United Airlines' parent completes its planned merger with Continental Airlines Inc.
The Chicago airline also reached management retention deals with five other senior executives that outline compensation and benefits following a completed deal, according to a regulatory filing.
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The retention deal also applies to United executives Graham Atkinson, Peter McDonald, Kathryn Mikells, Thomas Sabatino and John Tague."
http://online.wsj.com/article_email/...TEwNDUyWj.html