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Chief
Better than nothing
Chief
I just googled this whole thing and so far it seems like all the articles have pulled this information from a the proxy statement, which is like, a thing the SEC makes you file.
So, no dog & pony show, disclosed in a regulatory filing - I'm not sure where the 'big public show' is? It honestly sounds like you're just looking for a reason to get mad.
WhY dO PpL hAtE cEoS ThO r U jEaLoUs??
Hmm, I think I am too old for this thread.
Chief
Ed Bastian is actually pretty awesome.
Pro
Yeah. He’s an alright guy as far as these things go.
Chief
Not as bad as Trump's dog and pony show about donating his salary while Mar-a-Lago rakes in millions of taxpayer dollars every time he stays there at full price along with his bevy of secret service staff.
Is that the bar now?
Delta cut HQ employees comp to 75% BEFORE the bailout money was issued - to avoid the conditions of the bailout.
Not loving the integrity there
Chief
Who was that Japanese CEO who only took $1 as total compensation? Now that is someone I'd follow.
Chief
OW1, expand your mindset.
He's not cheap. He's altruistic. He made his money earlier on, no longer need the cash and now does it because he's passionate about his work. The money instead goes to his employees. He decided to not be compensated monitarily, but he's still an amazing CEO of his home grown company.
They give out a profit share payment worth (I believe) several months of payroll for each employee every year. Sure you can complain about CEO pay at any company - but they seemingly do a lot for their employees
Optics
~50% of his comp is in stock awards. If Delta bellies up, there goes the lions share of his comp. Assuming no stock buy backs, I think this actually sends a positive signal that the man has faith in the company and his leadership. Who would tie themselves to a sinking ship?
Pro
He won't get a cash bonus, his options are underwater. Not much more he could do.