![]() |
SearchUser loginNavigationSyndicate |
Delta seeks to void stock options for employees - 03/21/06By Jesse Russell Delta's newest request in bankruptcy court seeks to void nearly 93 million stock options held by current and former employees. The airline said in a motion on Monday that the stock costs $305,000 a year to maintain, while being of very little value. Recently the stocks having been trading at an average of 40 cents per share. Typically, stocks in companies that exit bankruptcy are worthless. The airline is also in court seeking to void a contract with pilots. The pilots have vowed to strike if the contract is rejected. --- Airlines | Posted 03/21/2006 - 12:05am | 865 reads
|
Labor NewsLabor/Union FeedsEconomic Feed
EducationInterntational Labor RightsLabor LawTechnology & LaborWorkplace Safety
banner 1banner 2Pictures |