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Old 08-14-2016 | 09:08 PM
  #61  
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tomgoodman
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Joined: Feb 2006
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From: 767A (Ret)
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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
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