Delta Air Lines creditors' committee will pick all 10 board members of the reorganized carrier as part of the deal under which the committee approved DL's plan to emerge from bankruptcy at the expense of US Airways' bid (ATWOnline, Feb. 1), CEO Gerald Grinstein told The New York Times. At least three members of the existing board will stay on. In addition, the committee will limit management's ownership stake to 4%, a total that Grinstein said would be "spread across. . .1,000 people."

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