Mesaba Unveils Executive Bonus Plan

Law360, New York (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....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.