American Airlines’ CEO contract scrapped but he will stay in role | Reuters

American Airlines Group Inc (AAL.O) terminated Chief Executive Douglas Parker’s employment agreement on his request but said he would continue to be the chairman and CEO of the company.Parker will no longer be contractually entitled to receive a set level of compensation and benefits, the world’s largest airline by traffic said on Friday.”This was done at my request, because it didn’t seem right to me that I should be the only person at American with an employment contract,” Parker said in a letter to employees.

Source: American Airlines’ CEO contract scrapped but he will stay in role | Reuters

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