OttoPylit From , joined Dec 1969, posts, RR: Posted (10 years 1 month 1 week 5 days 4 hours ago) and read 2019 times:
Direct from the Delta News Network:
An open letter from former Delta executives to CEO Jerry Grinstein praises the company and expresses optimism over its prospects of overcoming the present challenges. The letter was from David C. Garrett, retired chairman of the board and CEO, and Hollis L. Harris, retired president and COO.
"Based on our experience in the industry and knowledge of the company," the letter reads, "we believe you now have a strong, viable roadmap intended to address essential elements of survival and long-term future success: satisfied customers, reliable operations, reduced costs and a profit-sharing plan so Delta people can share in any future success."
Garrett and Harris note how Grinstein sought their counsel in recent months and shared with them the transformation plan. The letter also speaks highly of Delta employees and underscores the sacrifices they have made to help keep the company viable.
"We recognize that sacrifices from every employee group are needed if the transformation is to succeed, and we understand the resulting impact on you and your families," the letter says. "We want you to know that you have our support and admiration as you work to save a great company."
Good to see that 2 of the greatest executives Delta ever had support and agree with Grinstein's turnaround plan. For many who do not know, Garrett served as Delta CEO between 1978-1987 and Hollis Harris spent 30 years with Delta before steering Continental Airlines out of bankruptcy in 1991. He is also the recent retiring CEO of World Airways.
Ua777222 From United States of America, joined Dec 2003, 3348 posts, RR: 11
Reply 1, posted (10 years 1 month 1 week 5 days 4 hours ago) and read 1961 times:
Good to hear that DL is TEAM oreanted and that even this late after their employment with the airline they show such support and admiration toward the airline and it's many team members. Hat's off to DL's board and all the men and women who have made the cuts to keep the airline alive.
OttoPylit From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 1 month 1 week 4 days 3 hours ago) and read 1514 times:
Garrett and Harris do not need their pensions from Delta. Althogh I am not sure about if Garrett does anything, but Harris has run 3 airlines and is now sitting for retirement. These guys are "old" Delta, the types that were Delta back before the '90's. Garrett was CEO when Delta employees bought the Spirit of Delta. He was the kind of CEO that flew on his employee passes, when he could easily have bought First Class tickets. He once gave up his and his wifes seat on a flight so a deadheading pilot could go home. He said that his employees get seats before he does. These two, and several more former Delta execs wrote to Leo Mullen in 2002 chastising them for taking the $60 million dollar bankrupt-proof pensions. They said that by doing so, it short-changed the employees and is not a way to lead a company. They urged Mullen to return the pensions(which did not happen unfortunately) in order to save some face.
These men have much more going for them than Delta pensions, and they are too long retired from Delta for it to make much of a difference.