Originally Posted by slowplay

I don't know where he's getting this, but it's wrong about management contracts and pensions.
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I believe there's only one manager left at Delta that had an individual contract during the bankruptcy. *That's the VP of Tech Ops. *He got taken to court just like we did. *A couple of the Mullin managers fought in court to preserve their separation benefits (Burns in particular). *They didn't keep their pre-bankruptcy package. *Nobody in management currently has an individual contract. *Their (top 5) compensation package is spelled out in the annual report
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I can't find my list, but I think there's only 3 of 35 SERP recipients left on property. *One of them left under GG and was asked to come back after a couple years separation by RA. *Another was an attorney who was the bottom recipient (I think it was $50K). *The SERPents are the ones I particularly loathe.
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There was no separate management pension plan at Delta. *Their pension was part of the non-contract plan and has been hard frozen. Their non-qualified plan was rejected (terminated) by the bankruptcy court.
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There's lots of reasons to be pi$$ed at Mullin, Reid, Burns, et. al. *What your fellow pilot reported to you above isn't one of them, as the facts don't support what he heard.