Northwest Airlines labor unions registered strong protest to the carrier's plan of reorganization after it was revealed that top executives will receive 5% of the carrier's new stock when it emerges from bankruptcy, including shares and options reportedly valued at $26.5 million earmarked for President and CEO Doug Steenland. Pilots, represented by the Air Line Pilots Assn., said in a US Bankruptcy Court filing that employees believe "the principle of shared sacrifice is dead and buried" and ...

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