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Delta boosts CEO pay 42%

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A bit weak guys but don't let that stop you. He joined Continental in 1988 a low level lawyer and started with doing stuff like representing Continental at the DEN accident.Think he left for NWA in like 1992. Not exactly Lorenzo's lawyer.
 
He gets to sit at CE Woolman's desk every day. Of course he deserves a pay raise. Just as soon as he fully funds the 6 billion dollar pilot pension deficit.
 
I would rather have him than any other airline CEO.
 
Best in the business right now.
 
He's worth every penney of his $652,000 base salary. The extra twelve million is bonuses and stock seems a bit excessive. Of course he does deserve a lot for getting us to take that last contract. Glad we could fund it.
 
warbirdfinder said:
Ask the 4000+ retired pilots who lost their retirement what they think!!!
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Anderson wasn't there when that happened, Jerry Grinstein was the CEO at the time. Yes, losing the pension did suck. The retired DL guys did get hosed, the retired NWA pilots still got their frozen pension. But, RA was at United Health Care at the time as a Senior VP I believe.

Hey Fairview, upon exit if the BK the flying pilots, even the bottom guy on furlough, got more that $200K (FOs) and up to $500K for remaining Capts, mostly in 401K fill up for 3 separate years, some cash, and the rest was taxed. Recently the taxed amount was allowed to be put into a Roth IRA. So, thanks to the stock market going up in the last 3 years, some have made a lot of that money back. And the 13% DC fund contribution in your own name these days is a great deal. Also, I don't have to live in the Sandpit and can kiss my wife in public without fear of arrest.



Bye Bye---General Lee
 
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The best part is he sounds just like Forrest Gump when he talks...

Probably due to the inbreeding going on....
 
His customers seem to like him a bit more than Ben "King of nickel and diming" Baldanza.
 
General Lee said:
He is worth it. Not only is the airline profitable, but the stock has gone from about $5 a share to over $17 today. He has brought tremendous value to the shareholders. I am glad I still have over 3500 shares from the merger.


Bye Bye---General Lee
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Delta stock was at $17 a share when he took the helm at Delta. If he shares the credit for the stock price increase, he certainly shares the responsibility of its decline.
 
Crash Pad said:
Delta stock was at $17 a share when he took the helm at Delta. If he shares the credit for the stock price increase, he certainly shares the responsibility of its decline.
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Uhhhh, I think you are wrong. I haven't seen it this high in a long while. It certainly wasn't this high when he came over.


Bye Bye---General Lee
 

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