Actually, Ed is taking a 100% cut of his salary, for 6 months. Let's break it down a little. Now granted this was last years package however i'm sure it is close to this years.
Base pay: 891,667
Bonus+non equity incentive comp: 2,277,090
Total cash comp for the year-- 3,168,75
Stock award comp: 7,705,118
Option award value: 3,795,014
Total equity: 11,500,132
Total other: 313,559
Total compensation for 2019: 14,982,448
Ed is taking a cut of approximately 445,833 out of a combined 14,982,448, Basically the change you find underneath the seat of your car. Yet the employees of Delta have been "asked" heh heh, to take a pay cut of 25% of their pay for 3 months. Now you can, of course, take a 30 day Leave Of Absence and that satisfies the 90 day 25% pay cut. Or ride it out for 90 days which will take you to July, where you get two months back to normal before October 1st hits and the airlines don't have to honor the bailout requirements of no furloughs. Have a great day!
How can you think, "this was last years package however i'm sure it is close to this years."? Weren't all those incentives based on the airline's year-end profit? Do you really think they will have that this year? And those stock options... do you think stock options now are as valuable as they were last year? Maybe you haven't looked at any stock prices lately.
Delta doesn’t have to let them go where an agent wants too, they are non-union employees at will.
If I recall correctly, Delta was the only major airline that didn't fire anybody after 9-11 (remember hearing about AA's employees receiving their termination notices on Christmas eve? Such a surprise from Santa!), because they offered very generous "packages" to employees who wanted to retire earlier. I know AA invoked the force majeure
provision to rid themselves of union members; what good did the union do then? If history is right, Delta takes better care of its employees than any union does for theirs.
I don't have a dog in this flight, but I am very happy to have Delta as our new partner, and I think the bashing some people are giving them here is mostly jealously or sour grapes. If you do have a real gripe, please get your facts straight first.