Continental Airlines (NYSE: CAL) today
announced its Chairman and Chief Executive Officer Gordon Bethune and
President Larry Kellner have elected to forego all compensation for the
remainder of the year.
“Despite the fact that we don`t believe salary cuts are right for our
fellow co-workers, we think this is an appropriate gesture for our friends who
were furloughed,” Bethune said. “These funds will be contributed to the
In 2000, as reported in the company`s Proxy statement, Bethune made
$5,518,124 and Kellner made $3,695,418.