qwerty,
Evidently, You must be unaware that Parker's stock options he exercised were time limited..
If his options were NOT time limited, There is NO doubt in my mind he WOULD of waited until the Delta offer was announced.
I'm glad you love to here the constant "whining" about executive pay, because you will continue to here it, as long as the "workers" are obligated to work under sub-par, bankruptcy negotiated contracts.
The jury is still out on your hero Mr. Parker. He has a long way to go in merging the work forces of the old AWA and the old Usair..and now he wants to throw Delta into the mix ??
We got Siegel at a "fire sale" price ? You must of forgotten the day he left the company with millions of dollars lining his pockets..
Only about a third of Parker's options were expiring, he caught grief from the union leaders for cashing them all in - where are these guys now? And Siegel's severance agreement was $4 million if he left prior to April 2004 - after taxes he walked away with a little over 2.
Now answer the question - was he worth it? How are you doing now in comparisson? What if the company had spent MORE on greater talent? Maybe you don't go through round 3 ?