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Delta: No 2003 Cash Bonuses  
User currently offlineFlyingbronco05 From United States of America, joined May 2002, 3838 posts, RR: 3
Posted (9 years 5 months 5 days 6 hours ago) and read 797 times:

Seems like one airline has the right idea:

Delta: No 2003 Cash Bonuses for Top Execs

"CHICAGO (Reuters) - Delta Air Lines' (NYSE:DAL - News) new chief executive, Gerald Grinstein, said on Tuesday the airline will not give cash bonuses for 2003 to top executives and that it is rethinking its approach to executive compensation.

In a memo to employees, Grinstein also said the No. 3 U.S. air carrier has developed a plan for some executives to defer separate retention bonuses that are payable in January."

more at: http://biz.yahoo.com/rb/031223/airlines_delta_2.html


Never Trust Your Fuel Gauge
1 replies: All unread, jump to last
 
User currently offlineJrlander From United States of America, joined Aug 1999, 1097 posts, RR: 0
Reply 1, posted (9 years 5 months 5 days 4 hours ago) and read 730 times:

Delta is in negotiations with its pilots' union. I would suspect that they do not want any of the negative PR that came with some other past decisions. The sooner the pilots' union and Delta come to an agreeemnt, the sooner Delta can get on with cutting some other expenses.
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