Wednesday, November 1, 2000

Delta pilots endorse proposals to shareholders

At Delta Air Lines' annual meeting last week, the company's 9,600 pilots strongly endorsed three significant proxy proposals that the pilos say increase shareholder value and reflect important trends in corporate governance:

1. Link executive compensation to a high performance work place.

2. Rein in senior executive severance packages.

3. Tie a portion of executive stock option grants to company performance.

The pilot proposals bring value to Delta's bottom line, said Capt. Chuck Giambusso, chairman of the Delta Master Executive Council. "The Delta pilots are linked to Delta's future and to the company's long-term success," he said. "Satisfied employees mean satisfied customers, and satisfied customers equal a stronger financial position for our company."

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