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Delta CEO to forgo merger pay

Old 02-13-2008, 01:18 PM
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Default Delta CEO to forgo merger pay

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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
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Old 02-13-2008, 01:21 PM
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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.
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Old 02-13-2008, 01:22 PM
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Originally Posted by Box Office View Post
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
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.

Last edited by Deez340; 02-13-2008 at 01:35 PM.
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Old 02-13-2008, 01:24 PM
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I'm impressed with your team spirit!
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Old 02-13-2008, 01:24 PM
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Originally Posted by GeeWizDriver View Post
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.
I think that has already been settled. Steenland is out for the most part.
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Old 02-13-2008, 01:46 PM
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Originally Posted by GeeWizDriver View Post
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.
Come on Dougie....have the *****and do the same!.....Yah, right.....
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Old 02-13-2008, 05:09 PM
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Merger pay? Since when do we get merger pay?
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Old 02-14-2008, 09:32 AM
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Anderson will figure another way to get the money, meantime, he looks like a great guy to everyone....
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Old 02-14-2008, 09:41 AM
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Any rumblings on an announcement? This week? Next?
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Old 02-14-2008, 09:47 AM
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AF gets in on the merger mania.

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