Originally Posted by
forgot to bid
I will say, if this gets voted down, what happens to the Delta stock? If it goes down in defeat, would the stock drop? If so, then the MEC voting no at the outset could've saved a lot of people a lot of money including not only management but the pilots.
But then again. I don't know how wall street would react. They know we'll be status quo. And want a deal asap. So maybe it doesn't drop at all. So I still don't get the PEB rant.
Our CEO sold $3.9M of his DAL stock last October.
Delta CEO Richard Anderson sells $3.9M of stock - Atlanta Business Chronicle
He sold another $3.2M in May and still holds 827,660 shares of DAL.
Reasons for Richard Anderson's Shares Sale of Delta Air Lines, Inc. (NYSE
AL)'s Stock - Octafinance
At over $40/share, our CEO's DAL holdings are currently worth over $33M.
All the Delta executives get restricted stock as part of their compensation. How does a rejected TA affect DAL stock? How would that affect DAL executives in their desire to get a deal done? Draw your own conclusions.