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United Airlines pays $37 million to ex-CEO who quit amid a corruption investigation
Despite resigning amid a federal corruption probe, the former chief executive of United Airlines is receiving nearly $37 million in compensation, including a car, free flights and lifetime parking privileges at two major airports.
The payout benefits to former United Continental Holdings Inc. CEO Jeff Smisek were described in a filing by the airline to the Security and Exchange Commission last week.
According to the filings, Smisek is receiving a lump cash payment of nearly $5 million, which includes payments for unused vacation days. The rest of his "separation agreement" includes bonuses for meeting company performance goals, plus healthcare and life insurance payments.
Smisek also receives "flight benefits," valued at about $82,000, plus lifetime parking at United Airlines hubs in Houston and Chicago. He can also keep his company car, valued at $58,700, the filing said.
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http://www.latimes.com/business/la-fi-united-severance-20160503-snap-story.html
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Sure he screwed over United Airlines. He'll get an 8 figure pay day and lifetime perks. Plus he'll get an opportunity to screw over another company. Ain't American capitalism grand? 
