Senator McCain slams Delta

[patq1]

Chairman and Chief Executive Leo Mullin received a package in 2002 worth about $13 million, more than doubling his previous pay, at a time of widespread industry layoffs.

.... The filing also said that Mullin reduced his salary by 10 percent effective March 1 "to demonstrate his commitment to share the burden of Delta's cost reduction goals."

Nice job Leo! Way to share the burden! Double your pay and then cut it 10 percent. I'm sure it must really hurt

 

[Palerider957]

You know fellas, there was some mention that bonusses were issued to "sure up" the retirement and pensions of the senior VP's at Delta. I wonder if some of these massive $$ packages aren't a prelude to bankrupty or eventual dissolution (potentially at United) I wouldn't be suprised at all if these bonusses were written in the the VPs agreements in case of hard times...they get their golden parachute and meet each other for drinks on the yacht, everyone else gets a pink slip...cute.