Originally Posted by tom911

The board of American Airlines awarded a hefty raise and slate of incentives to chief executive Gerard Arpey, to bring his compensation in line with top executives at other companies.

The Fort Worth-based airline, which has suffered an exodus of executives in recent years, also is hoping to keep him in the top job over the long term.

According to a report filed Tuesday with the Securities and Exchange Commission, Arpey will receive a base salary of $650,000, up 23 percent from his previous salary of $527,000. The raise was effective Monday.

He will also receive a host of options and long-term incentives, mostly tied to the stock price of AMR Corp., American’s parent
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