Please note: the issue I referred to is not about compensation for work actually performed, it is about the artifice they trotted out of paying Mr. Horton nearly $20 million for the work presumably to be done as nominal Chairman with a time limit imposed on that position and before he has even stepped into the position.
Originally Posted by
bmchris
Focus on the quality of the work, not how hard or not. Do you think a $15M payout guy would have done as well? He had to balance working with the unions, going through bankruptcy, making sure there wasn't a big public exodus, managing the bottom line, spending to update planes, and then merger discussions. Plus his long tenure at AA likely was a big help - would a new person have been as effective? The list of effective candidates is likely very short.
A lot of CEOs have been paid a lot more to manage a lot less.