UAL Corporation
ORG
UAL UAL Corporation
The executives and unsecured creditors of UAL Corporation, who is the parent of United Airlines, agreed to deal with them in which 400 executives stand to share an astonishing 10 million shares, or 8 percent of the total that the company expects to issue upon its emergence from bankruptcy. After announcing the UAL deal, it was proved as evidence that the company's managers were exercising their self-control. According to court filings, after the company done with bankruptcy, annual salaries of top eight executives of UAL was, for example, will total $3.5 million. Last Thursday, unsecured creditors and executives at the UAL Corporation agreed to a deal in which 400 executives stand to share an astonishing 10 million shares, or 8 percent of the total that the company expects to issue upon its emergence from bankruptcy. When the UAL deal was announced, it was evident that the company's managers were exercising restraint. The court overseeing the UAL bankruptcy is expected to rule on the compensation plan on Tuesday.