Delta CEO's pay jumps 42 percent - Bring Me The News

Delta CEO's pay jumps 42 percent

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Compensation for Delta CEO Richard Anderson last year rose to nearly $12.6 million last year, up from $8.9 million in 2011, according to a Securities and Exchange Commission filing Tuesday.

The Business Journal reports Anderson's total compensation included a $652,000 salary, up 8.7 percent; $7 million in stock awards, the same as 2011; $2 million in option awards, up from none in 2011; and $2.7 million in pension value and nonqualified deferred compensation earnings, up 158.7 percent.

Delta said it was Anderson's first base salary increase since he joined the company as CEO in 2007, the Associated Press reports.

Delta made a $1 billion profit last year, more than its chief competitors United and American airlines.

Minneapolis-St. Paul International Airport is Delta's second-largest hub. Atlanta, where the airline is headquartered, is the largest.

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