Ed Bastian takes home an annual base salary of $950,000 for his role as Delta Air Lines CEO. On top of the salary, the executive is entitled to a generous stock award. Putting Bastian’s salary and stock awards together, the executive pocketed more than $17 million in total compensation in 2019. The compensation rose from $15 million in 2018.
But Bastian’s compensation for 2020 will be significantly less. The executive decided to forgo salary as Delta started facing financial problems after the pandemic struck. Delta asked its other executives and directors to accept pay cuts to help the company reduce cash burn. Moreover, the airline retrenched thousands of workers and furloughed thousands more.
View more information: https://marketrealist.com/p/ed-bastian-salary-net-worth/