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Good morning! Delta made a splash last week when it paid its employees a $1.4 billion bonus. As the airline industry as a whole continues to bounce back from a pandemic-induced downturn, Delta ...
Gerald Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline.
Frank Lorenzo. Francisco Anthony "Frank" Lorenzo [1] [2] (born May 19, 1940) is an American businessman. He managed Continental Airlines and Texas International Airlines between 1972 and 1990, through airline deregulation. Lorenzo also led the creation and management of the holding company for the group, Texas Air Corporation, through which New ...
Since 2001, U.S. statewide pension funds have experienced significant funding challenges due to the recessions of 2001-2002 and 2008-2009. Prior to the Dot-Com Crash, statewide pension funds were over 95.6% funded in the aggregate. In 2002, the funded ratio had declined to 82.1%.
Following the airline’s strong first quarter, Delta has set aside $125 million in profit sharing funds, which is $50 million more than it did in the first quarter of 2021. Delta, so far, is the ...
Delta Air Lines CEO Ed Bastian in a letter to members of Congress on Wednesday discussed steps the company has taken to help its employees, two days after more than 100 House members in a separate ...
The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions ...
Delta reduced its pension and other retirement liabilities by more than $3.5 billion last year, and there could be more improvement coming in the next few years. Delta Air Lines, Inc. Makes ...
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