Other pay rates at DAL-

Delta CEO's 2007 compensation more than $11M. Not bad for 4 months of work.

Delta-NW merger would axe 1,000 headquarters jobs. What the heck, how did you think I was going to be able to get paid $11M?


By RUSSELL GRANTHAM
The Atlanta Journal-Constitution
Published on: 04/25/08
Delta Air Lines Chief Executive Richard Anderson received more than $11 million in compensation last year after he took the reins at the Atlanta-based carrier, according to its proxy statement filed Thursday.

Anderson's who became Delta's CEO last September, was paid $200,000 in salary during the last four months of the year.

As Delta disclosed several months ago, Anderson also received stock-related compensation totaling more than $10.5 million. Delta said Anderson received other compensation totaling about $528,000.

A Delta spokesman said the value of those stock options and other awards has declined as Delta's share price has declined. "Delta's compensation philosophy is that the majority of compensation should be at risk and tied directly to the company's performance," said Delta's Kent Landers.

According to the proxy, Delta President Ed Bastian received $421,677 in salary and more than $9 million in stock-related awards, plus other compensation of about $795,000.

Michael Campbell, Delta's executive vice president-human resources, got a $346,813 salary, almost $5.5 million in stock awards, and other compensation totaling $428,820.