[jimworcs]

If you need proof of what is wrong with Chapter 11, in which US airlines provide appalling services, rip off passengers, go bankrupt and emerge having screwed everyone, even larger than before (See Delta, US Airways, United, next up American and now Pinnacle. This is typical:

Pinnacle Airlines' top two executives have received big salary increases even as the regional carrier asks airline partners, vendors, banks and employee groups to make major concessions as part of a sweeping financial restructuring.

Chief executive Sean Menke's salary will increase 58.8% to $675,000, according to the carrier's filing today.

Meanwhile, chief operating officer John Spanjer's salary will increase 45.5% to $400,000, and he will also receive a promotion to executive vice president.

The higher salaries were approved by Pinnacle's board to compensate both executives for a heavier workload.

Run the business into bankruptcy and get rewarded with a 58% pay increase. Nice work if you can get it.