American Airlines chief gives up salary for stock

American Airlines’ Chief Executive Doug Parker has given up his cash salary, opting instead to be paid entirely in shares.

Parker who was paid $12million last year (40% of which was in cash) joins the like of Facebook chief Mark Zuckerberg and Google’s Larry Page. Over half his reward (54%) will now be tied to performance targets.

He wrote to employees to explain his decision, saying: “The stock will have to be earned over time, and will also have to be earned by performance. I believe this is the right way for my compensation to be set -- at risk, based entirely on the results achieved, and in the same currency that our shareholders receive.