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Flying high…

When travel industry technology firm Worldspan Technologies was acquired last year in a $901.5 million deal, several senior executives cleaned up and continue to do well as well-paid consultants, according to Worldspan’s registration statement with the SEC. As a group, Worldspan’s five top executives received $15.85 million under individual change-in-control agreements. Former CEO Paul Blackney received the biggest payout: $1.49 million in severance which the filing said was equal to 330% of his base salary plus bonuses. He also received more than $5 million under the change in control agreement. Under his consulting contract, which expires at the end of this month, but can be renewed indefinitely, Blackney will be paid $150,000 a year plus $60,000 in living expenses. Three other pre-acquisition executives also received lucrative consulting contracts that pay them approximately $23,000 a month for varying periods of time.