FOX Business Flash top headlines for April 8
Here are your FOX Business Flash top headlines for April 8.
Recently retired Southwest Airlines CEO Gary Kelly's total compensation dropped by $3.4 million from 2020 to 2021.
According to the company's Friday filing with the Securities and Exchange Commission (SEC), Kelly, now the executive chairman of Southwest's board, made $5.8 million last year, compared with $9.2 million in 2020, the first year of the COVID-19 pandemic.
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While his stock awards fell significantly, Kelly's salary increased by $81,250.
Kelly, 67, announced he was stepping down from his role last summer, and the airline said he would likely serve as board chairman until at least 2026. He named Robert Jordan, then the executive vice president of corporate services, as his successor. Jordan took the reins on Feb. 1.
"Bob and I have worked side by side for more than 30 years. He is a gifted and experienced executive and well-prepared to take on this important role," he said in a statement.