FlyerTalk Poll: Has Delta CEO Earned Compensation Increase of 42%?
The compensation package for Richard Anderson — chief executive officer of Delta Air Lines — increased from $8.9 million in 2011 to almost $12.6 million, according to an article posted by USA Today, which published a calculation by the Associated Press based on a filing by the Securities and Exchange Commission on April 30, 2013.
Although the increase of the compensation package amounts to approximately 42 percent, his base salary increased by nine percent to $652,083.00 — supposedly the first base salary increase since he joined Delta Air Lines in 2007 shortly after its emergence from bankruptcy protection.
Before the close of the stock market yesterday, the price per share of Delta Air Lines stock reached a 52-week high of $19.43 per share — closing in on its all-time post-bankruptcy high of $21.40. Part of the reason is because Delta Air Lines earned a profit of approximately one billion dollars last year — more profitable than competitors American Airlines and United Airlines.
Does this mean that Richard Anderson has earned an increase of his total compensation package by 42 percent?
You have a chance to vote in a poll posted on FlyerTalk — and the final results are expected in 30 days.
What are your thoughts?