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Mesaba Unveils Executive Bonus Plan

Law360 (January 25, 2007, 12:00 AM EST) -- Mesaba Airlines filed a disclosure statement Wednesday that revealed a $1.1 million executive compensation plan pursuant to the company’s successful emergence from bankruptcy.

If approved, the Exit Incentive Plan, as it is called, would reward Mesaba President John G. Spanjers with up to $308,348 in bonuses. It would also give William T. Poerstel, vice president of flight and technical operations, up to $212,282 in bonuses, and Steven L. Holme, vice president of ground operations; William D. Pal-Freeman, vice president of technology and services; and Thomas M....
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