Delta CEO to forgo merger pay
#1
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.
E-mail [email protected]. Call (937) 528-4400.
http://www.bizjournals.com/dayton/st...1/daily16.html
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.
E-mail [email protected]. Call (937) 528-4400.
http://www.bizjournals.com/dayton/st...1/daily16.html
#3
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Joined APC: Jun 2007
Position: 757/767
Posts: 890
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.
E-mail [email protected]. Call (937) 528-4400.
http://www.bizjournals.com/dayton/st...1/daily16.html
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.
E-mail [email protected]. Call (937) 528-4400.
http://www.bizjournals.com/dayton/st...1/daily16.html
Last edited by Deez340; 02-13-2008 at 01:35 PM.
#5
Gets Weekends Off
Joined APC: Jun 2007
Position: 757/767
Posts: 890
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