Spirit Airlines CEO Retention Bonus and Bankruptcy Filing
Spirit Airlines CEO received a $3.8 million retention bonus before the airline declared bankruptcy. Despite the bankruptcy filing, the company assured that operations, wages, and benefits would not be affected.
Key Points
- CEO received a $3.8 million bonus shortly before bankruptcy filing.
- Despite bankruptcy, company assures operations, wages, and benefits will not be affected.
Pros
- Retention bonus could help CEO stay with the company amid challenging times.
Cons
- Controversy surrounding CEO bonus during financial turmoil.