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Delta unveiled its profit-sharing program in 2007 as the company emerged from bankruptcy, and employees received their first payout in 2008, totaling $158 million.
Delta Air Lines announced Monday it is giving all its employees a 5% raise worldwide and is hiking starting pay to $19 an hour, after paying out $1.4 billion in profit-sharing bonuses.
All Delta employees below mid-level managers participate in the program, the airline said. The payout is up 146% from the profit sharing payment of a year earlier, and well above the $108 million ...
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Leo F. Mullin (born 1943) is an American executive and civic activist who was CEO and Chairman of Delta Air Lines (1997-2004). He led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. Three years into his tenure as CEO ...
The new minimum for hourly workers will be $19 an hour, up from $16.55 an hour. Both go into effect on June 1. The company will also allocate a 5% merit pool, a type of bonus, for eligible ...
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.
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