Continental
Airlines (NYSE: CAL) today announced its Chairman and Chief Executive
Officer Gordon Bethune and President Larry Kellner have elected to
forego all compensation for the remainder of the year.
"Despite the fact that we don't believe salary cuts are right for our
fellow co-workers, we think this is an appropriate gesture for our
friends who were furloughed," Bethune said. "These funds will be
contributed to the company's operations."
In 2000, as reported in the company's Proxy statement, Bethune made
$5,518,124 and Kellner made $3,695,418. |