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Atlas Air Worldwide Holdings' decision to sell an ownership stake in its Polar Air Cargo subsidiary will pay off for Atlas' senior executives.
William J. Flynn, AAWH's president and CEO, will get more than $100,000 worth of additional compensation, including a 10 percent increase in salary and 6,530 additional shares in a stock grant, according to an Atlas filing with the Securities and Exchange Commission.
Executive Vice President and Chief Operating Officer John W. Dietrich will get about $68,000 in compensation. The Atlas board approved the added compensation, according to the filing, "in connection with the new operations" Polar will undertake as a …