Delta CEO to forgo merger pay
 

Any thoughts?




Delta Airlines CEO Richard Anderson told the company's board of directors Tuesday that he would waive merger pay of up to as much as $15 million, a report in the Wall Street Journal said Wednesday.
The news is the latest movement in weeks of merger talks between Northwest (NYSE: NWA) and Atlanta-based Delta Air Lines Inc. (NYSE: DAL).
Anderson's willingness to forgo pay that he would contractually be due in the years after a merger shows that he is serious about merging, the WSJ said. It added that the measure could be interpreted as a "good faith gesture," signaling that Anderson would remain with the company beyond any merger agreement.
Last week, the Minnneapolis/St. Paul Business Journal, a sister publication, reported that Northwest Airlines CEO Doug Steenland said to employees in a letter that a merger is likely.
Delta is the largest airline flying out of Dayton International Airport.
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http://www.bizjournals.com/dayton/st...1/daily16.html

This is just one reason why anybody involved with either company in this merger dance should pray Anderson runs the merged company and Steenland gets sent down the road.

In a selfless effort to unburden Mr. Anderson I will gladly accept the multi million dollar compensation in his stead. I'm just a giver that way.:D

I'm impressed with your team spirit!

I think that has already been settled. Steenland is out for the most part.

Come on Dougie....have the *****and do the same!.....Yah, right.....

Merger pay? Since when do we get merger pay?

Anderson will figure another way to get the money, meantime, he looks like a great guy to everyone....

Any rumblings on an announcement? This week? Next?

AF gets in on the merger mania.

Shortcut to: http://www.chron.com/disp/story.mpl/...s/5539881.html