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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