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Independence Air: We’re Cuttin’ Pay and Passing the Savings on to You

Independence Air said that it will save about $2.2 million this year by cutting the pay of its top execs (if you’re keeping track at home, that’s about 75,800 $29 one-way trips from Chicago to Washington.  Anyway, the CEO’s base salary will fall to $369,750 a year, the COO to $247,500 and CFO to USD$193,500, in case you were wondering.

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