What was not entered into the Record were the actions of the CEO of Delta Airlines, and I will not read it all, but I would like to read the following things: . . . who affirmatively, instead of accepting the compensation reduced his compensation by 25 percent, will not accept an annual incentive pay included in his contract for the year 2003, rescinded any retention award payment he might be eligible for 2004 and 2005, and affirmatively rescinded his contractual stock option agreements totaling $5.5 million. Mr. Chairman, corporations are persons under the laws, and sometimes they do not have hearts. CEOs are individuals who have souls, and when corporate CEOs take appropriate actions, and I think consistent with the times which we are in, that should also be in the Record.
Johnny Isakson: “What was not entered into the Record were the actions of the CEO of Delta Airlines, and I will not read it all, but I…”
Editor's note · Context
Discussing executive compensation actions taken by the CEO of Delta Airlines.
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