AIR TRANSPORT
Executive Salaries for 1956 Reported By Airlines to Cab
Reports of officers’ and directors’ salaries for calendar year 1956 as filed with the Civil Aeronautics Board for the following airlines are: Eastern Air Lines E. V. Riekenbacker, chairman of the board, general manager and director, $50,000 salary, $800 bonus and indirect compensation; T. F. Armstrong, president and director, $35,000 salary, $5,703 bonus and indirect compensation; P. F. Brattain, first vice president and director, $32,500 salary, $7,854 bonus and indirect compensation; S. L. Shannon, senior vice president and director, $30,000 salary, $5,419 bonus and indirect compensation; G. A. Smith, second vice president, $20,000 salary.