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NWA's Cohen: $4.1 million exit
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Neal Cohen, one of the top five executives at Northwest Airlines, will leave the company in mid-June with an exit package valued at about $4.1 million, the carrier said Friday in a regulatory filing.
Cohen, an executive vice president overseeing the airline's strategy, international business and regional carriers, will receive cash severance payments of $1.36 million and units of restricted stock valued at around $2 million.
Cohen, 48, worked at Northwest from 1991 to 2000, and then rejoined the carrier in May 2005.
He will depart from Northwest with $795,000 in pension benefits and about $21,000 in air travel benefits.
LIZ FEDOR
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