Gerald Grinstein (Former CEO, Delta Airlines (retired in 2007))
December 12, 2007
Grinstein was no Grinch, except when it came to himself. Delta’s CEO shepherded the airline out of bankruptcy and took home no more than his salary of $450,000. He directed his cash and stock awards to instead be used to establish a scholarship fund for Delta employees and their children and a hardship fund for Delta families. This came after prior management had demanded multimillion-dollar compensation packages while Delta was losing billions of dollars. Grinstein almost singlehandedly defused employee resentment and regained employee trust and confidence in Delta management.
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