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"There has to be restraint on the part of management, everybody has made sacrifices, and incentives for management can't sound excessive."  Gerald Grinstein, 2007, justifying pay cuts for the executive team.

"Compared to the results of an April 2, 2009 survey published in The Wall Street Journal, our ongoing compensation is in the bottom third of U.S. corporations our size."   Richard Anderson, 2009, justifying 2008 compensation for the executive team.

So what changed?  Who are you, Mr. Anderson, and what have you done with our Delta family?

On April 29, Richard Anderson sent a memo to all Delta employees to announce that a filing with the SEC would state the compensation for the executive team for 2008.  This memo is highly unusual.  The purpose was to soften the blow to Delta employees when they read the incredible amounts that our executive team is taking for their jobs. While Delta was losing $8.9 billion last year, Delta executives took millions of dollars in compensation.
 
Mr. Anderson raked in $17.6 million in 2008, on top of $11.3 million in 2007. Ed Bastian pocketed $10.8 million, on top of the $10.3 million he received in 2007. Other top executives also got multi-million dollar packages in both 2008 and 2007. Compare this with what Gerald Grinstein received in 2006 -- $343,402 - as the CEO. Mr. Bastian got $443,369 in 2006, and James Whitehurst, the COO, got $417,370.
 
The obscene amounts of money that top executives are wringing out of our Delta Air Lines recall the outrageous sums that executives at top financial firms were hauling in while their companies - and the U.S, economy - hovered on the brink of collapse. And then they have the nerve to hide their greed behind a memo that tries to soften the blow. It's an insult to every Delta employee, especially hard-working flight attendants who are the face of Delta, the people who keep our customers coming back.
 
Mr. Grinstein understood that the executive team needed to lead and needed to understand the impact of pay cuts.  He implemented them for the team he was a part of, a team that Ed Bastian was a part of.  What changed?  Is this team 43 times better than Jerry's team?  They still haven't delivered two consecutive profitable quarters.  Who are these people?  They certainly don't act like the Delta family.   As dedicated Delta employees it is very disheartening to see this behavior.

It is time to stand together as the real Delta family and demand accountability from our executive team. If they get industry-leading contracts, then we deserve industry-leading contracts. It is time for us to have a voice in our future, our company and our profession.  The only way to do this is to stand together and demand a legally binding contract. 

Mr. Anderson made a commitment to us:

"You have our commitment that we will never lose sight of the importance of continuing to invest in Delta people - in you."

Will there be anything left to invest after the top executives shake down the company? We deserve better.
 
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