Thursday, September 22, 2005

Delta announced some aspects of its Bankruptcy plan today.

Of note is mention of salary cuts across the board, extending up to the CEO, who will now make $337,500.

I would like to point out that this is probably an order of magnitude less than that made by partners at the largest law firms, and a factor of three larger than the starting salary at large NY law firms.

I'm sure that I work on a daily basis with people that make more.

CEO salaries that are a smaller multiple of the salary of the lowest paid employees in the organization are hopefully a small step towards reaching the level of income inequality that existed in this country in the 1950s & 1960s.

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