Airlines List Executive Pay, Bonuses
Washington—Following is a list of airline executive and director salaries, bonuses and indirect compensation; expenses and stock holdings as reported by the airlines to the Civil Aeronautics Board. Domestic Trunk Airlines EASTERN' AIRLINES IXC.—E. V. Rickenbaeker, general manager and chairman, board of directors, $50,000 salary, $900 bonus and indirect compensation and 106,173 shares of common stock; T. F. Armstrong, president and director, $35,000 salary, $900 bonus and indirect compensation, 2,609 common shares directly owned and I, 040 common shares of stock in the name of others ; I’. H. Brattain, first vice president and director (retired 6/1/57), $15,416.60 salary, 7,600 bonus and indirect compensation and 19,768 shares of common stock; S. L. Shannon, senior vice president and director, $30,000 salary, $900 bonus and indirect compensation and 11,445 shares of common 'stock ; G. A. Smith, second vice president, $20,000 salary, no bonus and 416 shares of common stock ; T. E. Creighton, treasurer and director, $17,500 salary, $900 bonus and indirect compensation and 1,040 shares of common stock.