Pinnacle Airlines Corp. has approved hefty raises for its CEO and his right-hand man in the midst of a struggle to stave off bankruptcy.
Pinnacle’s board raised CEO Sean Menke’s base salary $250,000 a year, to $675,000, and it gave chief operating officer and executive vice president John Spanjers a $125,000 bump, to $400,000.
.
1. Are they really doing that much work to justtify the pay?
2. What happens to this pay if Pinnacle goes bankrupt anyway? What do these guys really have to lose?