Originally Posted by
scambo1
I dont remember the exact details. But it was a bankruptcy proof offshore pension deal to retain top talent. Leo got 8 million and it went lower from there down to, IIRC vickie mascara got $2M. The most ridiculous one was $6M for the nitwit that went to United...fmr marine cant recall his name. Within a year all but 1 were gone.
The scheme was called a SERP, and it caused a firestorm of protest:
Delta's Retention Program Fails To Stop Some Executive Departures - WSJ
Delta Deep-Sixes Executive Pension Plan Payments | PLANSPONSOR