Tue., April 30, 2013 6:47pm (EDT)

Delta Boosts CEO's Pay By 42%
By Associated Press
Updated: 1 year ago

ATLANTA  —  
Delta Air Lines says the compensation package for CEO Richard Anderson jumped 42 percent last year as the company boosted his long-term incentive pay.  A calculation by The Associated Press shows that Anderson's compensation was almost $12.6 million, up from $8.9 million a year earlier. (photo courtesy of Andrei Dimofte via flikr)
Delta Air Lines says the compensation package for CEO Richard Anderson jumped 42 percent last year as the company boosted his long-term incentive pay. A calculation by The Associated Press shows that Anderson's compensation was almost $12.6 million, up from $8.9 million a year earlier. (photo courtesy of Andrei Dimofte via flikr)
Delta Air Lines says the compensation package for CEO Richard Anderson jumped 42 percent last year as the company boosted his long-term incentive pay.

A calculation by The Associated Press shows that Anderson's compensation was almost $12.6 million, up from $8.9 million a year earlier.

Much of his pay was in the form of stock and options that will only have value if Delta's stock price rises. His base salary rose 9 percent to $652,083.

Delta had a billion-dollar profit last year and has been more profitable than its chief competitors, United and American.

The AP's calculation is based on a Delta Air Lines Inc. filing on Tuesday and counts salary, bonuses, perks and stock and options awarded to the executive during the year.