nwa050808.side
On the homepage
NewsBreak
Out There
CWTC Beat
Reusse/Souhan
NWA to hire former chairman as consultant, give to charity
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
Northwest Airlines has agreed to hire its former chairman, Gary Wilson, who steered the airline through its bankruptcy, as a consultant and pay $2 million to the charity of his choice.
Northwest said in papers filed with the U.S. Bankruptcy Court in New York that it has agreed to hire Wilson through 2008. Wilson will receive a total payment of $200,000 plus medical and travel benefits.
The airline is asking for court permission to pay $2 million to a charity of Wilson's choice. That payment would replace the $2 million Northwest agreed to pay Wilson when it emerged from bankruptcy last year.
In court papers filed Friday, Northwest said the payment was important "to maintain and preserve the goodwill and positive relationship" between Wilson and Northwest.
A spokeswoman for Northwest could not immediately comment Wednesday about whether Northwest decided to hire Wilson as a result of its merger with Delta Air Lines.
Wilson served as chairman of Northwest's board from April 1997 until last May 31. He also was chairman of the board's restructuring committee during bankruptcy. During the bankruptcy case, he received a salary of $8,000 a year.
DOW JONES NEWS SERVICE
Recent Business stories
Urban Outfitters net income rises in 3rd quarter, boosted by sales growth at Anthropologie - May 7, 2008
Urban Outfitters net income rises in 3rd quarter, boosted by sales growth at Anthropologie - Apparel retailer Urban Outfitters Inc. said Thursday profit rose 5 percent, as higher sales at its Anthropologie chain helped offset weaker results at its Urban Outfitters and Free People stores. More
- Witness: Petters gave 'ridiculous' excuses for not paying bills
- Hecker demands that documents be returned
- Fed: banks need customer consent on overdraft fees
- Plymouth company plowing to profit
- Ex-ESPN worker says she never stalked Phillips
- Alliant Techsystems CEO steps down for personal reasons
- Accountant: Petters execs misused investor cash
Blog: Patent Pending
Meanwhile, in Wisconsin....
As you read this blog entry, angel investors and start-ups are flocking to Madison, Wisconsin for the annual Wisconsin Early Stage Symposium and the Mid West Health Care Venture forum.
Comment on this story | Be the first to comment | Hide reader comments