Knowledge and Insight without the hard work

Wednesday, May 2, 2007

Congrats Delta Employees - don't spend it all at once

There's going to be some partying going on in ATL, SLC, CVG and NYC tonight.

The payouts for the 40K employees have just been announced:

Cash and equity

Management employees get around $5K cash and $200K equity (vesting over time)
Contract employees get around $2K cash and $9K equity (vesting straight away).

Let hope they use it wisely.

On this subject I think we should all give a round of applause to Gerald Grinstein. Honorable to the end he is hardly taking anything for his pains other than his (in comparison) modest salary of $350K. I think this is a noble and much to be admired action on behalf of a true ethical person. Gerry - hats off to you.

Now lets see any others (its too late for Mr Tilton) do something similar.

Cheers

Timothy

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