Delta Execs say "We get NO bonus..." article

[PeanuckleCRJ]

WOW-

We have switched to FUNNELING that Kool-Aid, haven't we?

-You are so in the tank, there is no point in trying to get you to see the reality of the situation. These guys are plundering your company and getting very wealthy doing it!
-The tax consequences of such a situation should be the last of your concern!!

You missed your cue to mention something about Africa and international routes. Care to try it again?

 

[Hardcorr]

Good job guys. Nobody responding to the clowns posts. He should be getting bored by now

 

[Draginass]

Is anybody here stupid enough to actually believe that these guys won't get the money?

It's all lies, spin, and PR.

 

[Scope out RJ's]

WOW-

We have switched to FUNNELING that Kool-Aid, haven't we?

It looks like you're using yours as an enema! Is tanker clown helping you with that?:laugh:

You are so in the tank, there is no point in trying to get you to see the reality of the situation. These guys are plundering your company and getting very wealthy doing it!

So what do you care? You get plundered every night by a different guy, we don't come on FI and talk about it....Woops!

The tax consequences of such a situation should be the last of your concern!!

Nor should it be yours french fry boy!

 

[Flying the Line]

Updated: 7:39 p.m. April 30, 2009
DELTA AIR LINES

Delta CEO’s 2008 compensation: $17.4 million

By Kelly Yamanouchi
The Atlanta Journal-Constitution
Thursday, April 30, 2009
Delta Air Lines chief executive Richard Anderson received a compensation package worth $17.4 million last year, while the company reported an $8.9 billion annual loss.
The package included $600,000 in base salary, $8.7 million in future stock awards and stock options valued at $8 million, along with other compensation. Delta filed executive compensation information in a regulatory filing Thursday.
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Ed Bastian, Delta’s president and chief executive of its Northwest operations, received a package worth $10.8 million last year, including a $500,000 base salary, $5.2 million in stock awards and options valued at nearly $5 million, along with other compensation.
Their compensation includes stock awards and options from Delta’s merger with Northwest Airlines and its emergence from bankruptcy.
Many of the stock awards in the 2008 packages are restricted and cannot be sold now, while the options — or rights to buy shares in the future at set prices — have no value at Delta’s Thursday share price of $6.70.
Delta executive pay could influence campaigns by unions from Northwest seeking to organize Delta flight attendants and ground workers.
“Any time executives pay themselves multi-million dollar salaries when at a company that is not profitable, after extracting pay cuts from employees, it disenfranchises the employees,” said Joseph Tiberi, spokesman for the International Association of Machinists, which represents Northwest airport workers.
Delta said its employees across the company earned more last year because of the emergence from bankruptcy and the merger.
Anderson and Bastian sent a memo to employees Wednesday with a value for their “take-home pay” including cash and benefits and the value of vested stock. That figure was $2.5 million for Anderson and $5.2 million for Bastian. It noted that their base pay did not change last year or this year. Because Delta was unprofitable last year, employees did not get profit sharing payouts and Anderson and Bastian said they did not get a cash bonus.
In 2007, Anderson’s compensation totaled about $11.3 million, mostly in stock and options.
The proxy statement filed Thursday included a shareholder proposal for cumulative voting in the election of directors. Delta’s board recommended a vote against the proposal.

WOW!!

Go Delta Go. pay those mf'ers because they are so good they could leave for AIG and make 100 million per year.

 

[crj567]

My sentiments exactly!

If these guys were not losing @ half a billion or more every quarter, they might actually earn a little of what they get.

-It really takes no management skill to run a wounded horse right back into the ground.

-Makes the Freddie/Fannie fiasco almost look competent!

-The only "Synergies" I am seeing happen to be in upper-mgmt. pay!

 

[Superpilot92]

My sentiments exactly!

If these guys were not losing @ half a billion or more every quarter, they might actually earn a little of what they get.

-It really takes no management skill to run a wounded horse right back into the ground.

-Makes the Freddie/Fannie fiasco almost look competent!

-The only "Synergies" I am seeing happen to be in upper-mgmt. pay!

Why do you care again? Good thing you're at a company that you can hang your hat up with and avoid a carrier like DAL in the future.....