Delta started sharing profits with its 100,000 employees two decades ago. CEO Ed Bastian says shareholders love it | Fortune
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Delta started sharing profits with its 100,000 employees two decades ago. CEO Ed Bastian says shareholders love it | Fortune
""They'll get a 15% effective return on profits for as long as we're around. This is not like a short-term thing, because they created the 15% investment return. I thought [it] was a pretty good idea to get people excited.""
""The sharing of success is just core to the culture. Core to the competitive advantage that Delta has in the culture and...""
Delta's profit-sharing program has significantly benefited employees, distributing over $1 billion in bonuses this year alone. The program, initiated in 2007, has evolved alongside the company's financial success, with Delta now being the most profitable U.S. airline. Employees receive a cash bonus based on company profits, with a formula that rewards them as the airline's earnings grow. This year’s payout equates to about four weeks of additional pay for the average employee, reflecting Delta's commitment to sharing its success with its workforce.
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