However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. He has more than likely already been on multiple ultra first class vacations this year. I recently spent a weekend at the @ventanabigsur. in 2015 - and now here we are, getting ready for a wedding of our own! (BTW, if it is not about the cost of the trip, why put expensive in front of every word you use to describe it when, in fact, you dont know if it was. And testing requirements. We dont have any influence with the CDC, but they took our input, they received the same question from a number of other industries as well, and they updated the guidance and it was really appreciated. And, while that doesnt sound like a huge commitment, given the fact that sustainable aviation fuels today largely are nonexistent, if Delta were to go out and procure all of the SAF that exists within our country, itd be enough for us to fuel only our planes for 1 day, and no one else in the industry would have anything else for the entire year. Shame on you sir. What Do I Do If Someone Stole My Social Security Number To Get a Job? And you think about the world needing air travel. If h wants to be CEO. The longest race he had run before that was the AJC Peachtree Road Race held in Atlanta every July 4. ADI IGNATIUS: When you came back to the office together (this is before Omicron maybe upset those plans), you were relatively early and relatively forceful saying, I want people to be back in their seats in the office, saying there is a value to that. [3], In 1979, Bastian received a Bachelor of Business Administration in accounting from St. Bonaventure University in Cattaraugus County, New York. Ed raised over $400,000. For the money he is paid sacrifices must be made; considering the 85,000 employees and pension funds that his every move affects. There was a lot of accounting to be done just growing up, so it was a natural continuation of his childhood. However, the decision was made to lay off employees, cut expenses, etc. He had childhood visions of becoming a major league baseball player. Fortunately theres been no severe illnesses caused by it. So I think it would have been odd for Bastian to show up at this meeting to bump fists with the same union leaders he has recently battled with. We invested in certified offsets that eliminate the carbon that we create on a daily basis through investment in re-forestation projects, clean water projects in various parts of the world, investing in natural sources of decarbonizing the climate and the world and the planet when we cant find an alternative use to do that ourselves. And they need to have that fully vetted and fully tested. He spent Rally Kid Graces fearless spirit and selfless mission to help others, despite her own struggles, moved Bastian deeply. He wasnt going to be available for that meeting regardless. And it was the first time they named that, and they named Delta in 2021. However, interested individuals, Read More How The Transportation Industry Plans on Saving The EnvironmentContinue, American entrepreneur Wycliffe (Wyk) Grousbeck has served as the Chief Executive Officer, governor and co-owner of the Boston Celtics of the National Basketball Association since he acquired the franchise in 2002. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. To the North, Delta recently negotiated a deal to buy 75 Canadian Bombardier aircraft but has run into another Trump wall as the government assessed Bombardier with a 220% duty for allegedly dumping product, an accusation made by Boeing. How does an airline, a huge user of fossil fuels, credibly contribute to sustainability? ), https://liveandletsfly.boardingarea.com/2019/08/05/united-singapore-san-francisco-economy-class/. ADI IGNATIUS: This also makes me think of the talent challenge. A father of 4, he splits his time between Atlanta, where Delta Air Lines is headquartered, and Florida. We make decisions here, hundreds if not thousands of times a day, and we need to be really good decision makers. Family comes first lord have mercy. Kudos for a top exec really showing work life balance. But when he finally had the chance to address the issue with the U.S. President and confront the CEO of Qatar Airways, he was a no show. Ed Bastian Shoes Ed Bastian loves It needs it more than ever. He says he has to keep working hard for her, and this may be one of the role model type examples of how you can stay motivated to keep healthy and working no matter how successful you become. What does CEO did was absolutely the right thing. I have heaed about that meeting and have also heard that Bastian had missed it. I think that there is more than a hint of jealousy about the CEO salary compared to this 3rd rate journalist. About 20,000 people took the opportunity to retire in the latter part of 2020, so we needed to supplement our team, and weve been hiring all across the board, from pilots to flight attendants to technologists to aircraft mechanics to reservationists, airport workers, you name it. If you have difficult conditions, you may have to force people to divert. And it would be very, very disruptive without having fully tested the rollout of the application in the aviation infrastructure. In fact, some would argue the very first artificial intelligence applications came through the airline industry back 30 or more years ago through use of revenue management technologies. ED BASTIAN: One of the most important things Ive already mentioned is about communications, about staying very, very close to your team, to your people, to being authentic, to being transparent. Over the past two years, Delta has won widespread praise for its handling of the complexities resulting from Covid, and Bastian has developed ideas and strategies for how a company can not only survive during crisis, but thrive. When you think about the bigger question about retaining and recruiting, weve hired 9,000 people over the course of the last year. 02.27.23 Best Of Clark: Retirement Compromise / Retail Saving Secrets. And I know theres a lot of controversy around the testing requirement, but if you could test at the end of day five that you no longer have the virus present, why are you asking businesses to keep their staff, their critical staff, away from the job for another 5 days? Six months later, Delta's then-CEO Jerry Grinstein asked him to come back as chief financial officer of the airline. Its not like going to a restaurant or going to movies where youve got various options. How does that background inform your leadership style, now that you are CEO? ADI IGNATIUS: Beyond that, how do you choose the social issues, political issues that youll get involved in personally, and how do you manage and protect a brand reputation as you do? As we operate a very, very complex and sophisticated scale company on a global basis, 24/7. As I tell our people, we didnt have a choice. Were huge proponents of 5G. A lot of companies arent there. This is a classic Trump ploy DISTRACtION The airplane is the cleanest place you can be. [9], Ed Bastian is married. I said it is not about money, but about time. So please quatar and Emirates have been over stepping their bundaries. Edward Ed Bastian of Delta Air Lines is one of the more interesting people in the world of corporate CEOs, likely because he has an interesting character that can be seen in the boardroom and out on the boardwalk. You can decide for yourself after reading these 10 not-so-obvious facts about him. 1. In 2021, Bastian will assume the People need to get to where they need to go for medical reasons, for health reasons, for job, etc. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. We fly a noble mission in normal times, but in times of difficulty, its really important that you fulfill that mission honorably and with passion, and so it gives people a real purpose. How do you make that case? Im confident our governments going to be able to solve this working closely with the FCC, as well as the FAA. Your article is written in constant defense for yourself that you do not blame him for anything, yet you elevate inconsequential details like how much he spent on his family who unconditionally has supported as he leads Delta. [2] He graduated from Our Lady of Lourdes High School in Poughkeepsie in 1975. U.S. built, U.S. technology, U.S. innovation," Bastian said. Now tell us, whos nuts do you prefer when you fly? Delta since its inception has been sound. Through Rally, Bastian got to know Rally Kid Grace, an inspiring high school freshman and Paralympic athlete, who was battling osteosarcoma the same cancer Eds younger brother battled as a child. He spoke about the challenges he faced in keeping Delta going. And the main topic they wamted to discuss in this meeting -how Qatar Airlines investment in Air Italy is costing American jobs- (what a stretch) should further validate that this was all union! Perhaps his absence was a strategic ploy for a second meeting with the chief spokesperson at the table for the U.S. side. It was fairly easy to read the article and determine it was the latter. You can read Bastians full message here. Unfortunately that meeting was set up at the very last minute as I was heading out of the country with my family on a long scheduled one week vacation that would have caused me to cancel the vacation with my family. And its something that we need our government agencies to collaborate and come up with a great pragmatic solution that doesnt cause customers of the airlines to be affected. 2. Delta Air Lines CEO Ed Bastian was the best paid U.S. airline CEO last year. Bastian has worked for Atlanta-based Delta for about 18 years and most recently served as president of the airline. That card is played way too often by liberals. Ed Bastians daughter Brittany Bastian got married to Nathan Gannon in August 2020 A Deep Dive with Ed Bastian | Detroit Economic Club. Currently, the exact extent of the climate change remains unknown, not least because there is still much that remains to be uncovered in the field of climate science. He was 54 when he ran in the New York City Marathon, not bad for a guy who also runs a major airline (on the side?). He shouldnt be allowed to take even a day off until he can get his company in a full, upright position again!! And maybe some of your competitors feel less strongly about that. ADI IGNATIUS: Its all quite amazing to ponder from the outside. He chickened out when he found out his nemesis would be there, and now hes trying to appear all self righteous. Im going to miss that. We want to encourage people to find out, to keep getting tested, and to continue to watch the signs to stop the spread, and the policy seemed like it was pushing people in the other direction. Spotted four #polarbear outside of #longyearbyen -, One of the best crews I have ever had the pleasure, Next stop ARN! But there is another angle to this. > Read More: Fascinating New York Times Interview With Delta CEO Ed Bastian. Of course he has the right to take a vacation with his family, but having made his choice in this case he has certainly lost the right to keep banging the drum about this issue. [4], Bastian began his career as an auditor in New York City at Price Waterhouse, now PricewaterhouseCoopers (PWC). Theres a lot of paperwork. Bravo! Im just wondering why this was an either-or situation. He should not miss the meeting imo. With over 10 years experience he's covered businesses, CEOs, and investments. Everyone on that is wearing a mask. Weve been relatively, I wouldnt say unaffected, but the numbers are really quite low for us. Ed Bastian, the CEO of Delta Air Lines, has lead his company through the disruptions of the past two years, having to adapt to a seemingly endless series of dire, pandemic-related challenges: safety fears, flight cancellations, aggressive air rage. As I said at the start, you and your company are really on the front lines of trying to deliver a needed service during a really challenging time. jobs for Delta are going because its not in America, they have had plenty of layoffs in the last few years with jobs going overseas. Why show up for a sham meeting, even if he had no other plans???? I have no issue with him passing on the last-minute meeting. Trump can rant all he wants about the fact that Bastian wasnt there, but his presence wouldnt have changed anything, especially since, despite the US not pushing back on the continued Saudi led ban on Qatar Airways and Qatar airspace, Al Baker was in the room and knew best how to deal with someone like Trump since hes used to dealing with the authoritarians who lead the Qatari government. There is no mention in this article about how clear Deltas stance has been in recent years towards carriers in the Middle East. 1. Pleased to say at Delta, there are very, very few. So this is not a problem for him to miss. Candid conversations on talent, tech, and the future of business. They needed to show up and perform their responsibilities, taking care of our customers, and taking care of our airplanes, and making certain that the world keeps moving. (Personally) I think he made the right choice here and I respect him for that. Bitcoin Friendly Countries Interactive Ranking. It gets me in the HOV lane all the way down." The perfect @flysas name tag for #Longyearben! Youve got people who have to be there physically, who have to deliver physically. Two days after Thanksgiving ended, we first heard word of Omicron, and then within just a matter of weeks, it hit us hard in this country, right at the same time we were experiencing the busiest travel surge for demand, because of the Christmas and New Years holiday. We had a very, very large early retirement opportunity for our people as voluntary. The pandemic chose us and our company has never needed us more. People are excited. To the extent Bastian wanted to push his misguided agenda forward, the best way to do that was not showing up. That accounting education and the work experience that would follow prepared him for one of the most difficult decisions he would make in his corporate life. 5. Staffing all in the right places. Webed bastian daughter weddinghow much to pay rabbi for baby naming. Yes, we were sensitive to that if people had some unique situations. My assumption when I read the headline was that it was either too expensive to change his plans, or an expensive result happened due to not changing his plans (such as damage to reputation. American Airlines: Hoping For Improvement With CEO Isom At Helm, American Airlines Status Extension Inevitable Yet Impossible, Ex-Marine Arrested After Trying To Board Florida Flight With Guns And Fake Badge, Review: Bolero Executive Lounge Warsaw (WAW), Review: Preludium Executive Lounge Warsaw (WAW), Luxe: Lufthansa A350 First Class Suite Plus, Why Would I Need Pants On? (Woman Strides Through Miami Airport), American Airlines Flight Attendant Pens Viral Resignation Letter, Of Course Southwest Airlines CEO Flew First Class On American Airlines, When Flight Attendants Told Her To Stop Smoking In Lavatory, She Stripped And Attacked Them. In a video to employees, Bastian states that he was on an international family vacation. 4. Airplanes were foreign to him for the first third of his life. I fly Delta exclusively and almost always do my peers scowl me about it. Six months later, at the request of then-Delta CEO Gerald Grinstein, he returned to the airline to serve as chief financial officer. This is due to the writers lackluster ability to grasp any concept greater than a shiny headline for their editor (if there is even one). I wouldnt cross the street to meet Donald Trump, no matter the meeting agenda. 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When you have acquired the level of following that you have, you should act a little more responsibly in writing things. So they did. I agree entirely with your opinion in this article. He ran his first marathon in 2014. To be able to check and validate not only vaccination records but potentially exemption requirements and the like would be just a huge logistical snafu that would cause us to really slow down the operation and put the onus back on our people to try to manage who gets on and gets off planes. I think Matthew also points out the possible issues with the excuse given and honestly we will never know if this was a legitimate excuse or a ploy to garner sympathy for skipping a meeting he found distasteful and a probably waste of time given the likely outcome. I think a lot of people were happy. He drives a Tesla to work. The majority of Deltas workforce doesnt have the option of working from home. The specific talking point is the wall being constructed along the U.S.-Mexico border. Nathan, I didnt fault him for taking the vacation. Our customers, our community have never needed us more than right now. The New World of Work explores how top-tier executives see the future and how their companies are trying to set themselves up for success. American business executive and Delta Air Lines CEO, "St. Bonaventure grad to take over for Delta Air Lines CEO Anderson as he retires", "Edward Bastian Restructures Delta Into The "Winningest" Airline", "Ed Bastian to Succeed Richard Anderson as Chief Executive Officer of Delta Air Lines", "Can new Delta CEO Ed Bastian continue the airline's success? I dont know how widespread it is, but we all see videos of air personnel being abused by patients who arent happy with mask requirements or whatever. However, over the course of the next couple of weeks, certainly by the second week in January, things are pretty much back to normal here at Delta. Was everybody thrilled? So its hard to see how an accountant by trade becomes CEO of an airline, but when you start thinking about what makes accountants successful, its people that are able to read financial statements, read financial data, and be very, very comfortable in analyzing and finding good solutions from the data. How do you cope with a hit like this? "I've got a 12-year-old, our youngest, so she's got designs on college and everything. He is very patriotic when it comes to his business and personal life. They do a fabulous job, and candidly, customers police it too onboard the planes. The company uses a BCI-based approach in its products and services. ADI IGNATIUS: Heres another question, this is from Cincinnati, Ohio, really a couple questions about data and analytics. Why couldnt another executive fill in gor him. Very disappointed by this article. ED BASTIAN: Its been an interesting two years. As a supervisor in the transport industry I too have only 2 week vacation time a year to spend with my family! Could he have made last-minute arrangements to attend said meeting and meet up with his family mid-vacation? Its not as if its deterring travel, people are ready to travel. Wow, there are some seriously off-base people on here. And we look forward to getting through this latest variant, Omicron, very, very soon according to the doctors. Save my name, email, and website in this browser for the next time I comment. He drives a Tesla to work. Bastian joined Delta in 1998 as vice president of finance and controller, was promoted to senior vice president in 2000, and departed in 2004 over strategic differences. What? And this is something I was going to ask as well, which is the rollout of 5G thats coming. Bastien has clearly made the decision to distance himself from Trump by any means possible. He has portrayed this as a huge concern over the years. Ed raised over $400,000. WebBTC/USD Realtime Price and Historical Chart. We use the term headquarters, [but it] really needs to be a support center to the people out in the business that are making it happen out in the field.. Delta's CEO, Ed Bastian, sent an email this morning to customers, revealing the company's plans for handling the current outbreak. Bastian senses which way the wind was blowing and slipped out on the meeting knowing he would be unable to defend his illogical, protectionist arguments in person in from of Al-Baker and the President, and decided to spare himself the embarrassment. This man has himself defined the issue that the meeting was to address as a critical issue that represents an existential threat for the business he runs, and after literally years of shrieking and whining about this issue and millions spent lobbying the current administration he decided to miss an absolutely essential meeting on the topic at the White House. I ask them to do a lot of things. Family and down time is critically important for everyone. bitcoin-friendly.com HBR editor in chief Adi Ignatius sat down with Bastian in this episode of our video series The New World of Work to talk about: First and foremost, headquarters is not in charge of anything, Bastian says. And so he did. Support with the government, the government support back, and ensuring that were tackling this huge challenge together with the best minds and the best science guiding the path. He made this decision knowing how thin-skinned Trump is, and he could not have been unaware of how badly it would go down with Trump if the central figure in the US big-three lobbying efforts failed to turn up. The couple operated a dental practice from within the family home. Based on your credentials and recent-enough graduation, I dont think youve had the experience of being locked in a contentious battle with someone, only to have them demand you be present when youre unavailable and declare victory or impose punishments. You seem to have touched a nerve. But this post doesnt offer your readers any value. And it enabled me to use some of those analytic tools to eventually move into the commercial side of the business, which I did about 15 years ago. Period. Need more examples set like this. With a salary of $15MN last year, Bastian has all the money he ever needs. A special email series for subscribers. Perhaps you can try reading the article more carefully? At least one question has come in: did you ever consider requiring proof of vaccination, the way some restaurants do, or Broadway shows do, as a condition for flight? Matthew is an avid traveler who calls Los Angeles home. Really, you are giving the guy a hard time for going on a planned family vacation. Domestically weve been able to keep the airways open throughout the entire pandemic, because were deemed by the government to be an essential service. One of the things I was most proud of last year, we were named at the end of the year by Cirium, which is the group that looks at airlines all around the world and is a data analytic shop, as the most reliable airline in the world. And candidly, my natural inclination is not to get involved in any of them because in a world thats divided as we are currently in, youre going to upset a lot of people, so youve got to be cautious. And fortunately, the CDC took our input. Certainly, finding a seat on an airline willing to get him where he needed to be would not have been a problem. Obama deported more people than Trump. A lot of people back in the skies for the first time. My family makes a lot of sacrifices with Delta. And people are now back to doing what they do best, which is taking care of travelers and getting them safely to their destinations. Its easy when times are difficult to want to shy away when you dont have the answers to the questions that you need. The airline had to adapt to a seemingly endless series of dire, pandemic-related challenges. So people love air travel and they love to engage with air travel, and as a result of that, I want to make sure that Im accessible for anyone who has good ideas. All hitting at the same time: the confluence of Omicron, the most infectious variant weve seen, coupled with the highest demand level. As it turns out it seems there were people who saw that Bastain was right, and upon his return the company filed for Chapter 11 bankruptcy. How has the use of data analytics helped Delta stay ahead of the curve in the industry? He recently has made his differences with President Trump public. He was the oldest of nine children raised in Poughkeepsie, N.Y., and once dreamed of becoming a professional baseball player. Unthinkable: Should We Abandon All COVID Policies? And getting an opportunity to return as close to normal as possible. One of the things about airlines, when I tell people some of the core competencies that people need to have strategically within airlines, is comfort with analytics. ED BASTIAN: We havent. Advertiser Disclosure: Some links to credit cards and other products on this website will earn an affiliate commission. The, Read More 20 Things You Didnt Know About BrainQContinue, Headlining one of Americas largest and oldest conglomerates is certainly not a small task, and its important for whoever has the reins of GE to be ready for it. Could you clarify what your concerns are? You must have a workforce that has differing views on it, how do you make this make sense: that we really need to be together? But youre right, Adi, throughout the entire pandemic our people have not had the option to work from home. P.S. He never intended to do anything about the situation in the first place because its his rich middle eastern buddies that are involved so he uses Bastion absence as the focal point of the whole deal, what about the other guys that showed up? I just made the decision to fly 16 hours in economy class instead of business class for my family. It has lost all credibility like Bastian. I think you lost your audience when you compared refusing to bend to what amounts to little more than a power-play and authoritarian behavior to you choosing to fly economy instead of business on a 16 hour flights. It makes it very, very difficult to travel internationally, when you think of all the requirements, and the requirements continuing to change and shift, particularly with this latest variant. My guess is he knew it was going to be a dog and pony show with no real results, especially with a president that is more interested in growing trump properties overseas than with issues at home. Ive got a visible access point. I think we need to start looking at our lexicon. Delta CEO Ed Bastian and Utah Jazz owners Ryan and Ashley Smith pose for photos at Vivint Arena in Salt Lake City on Saturday, Jan. 14, 2023. Just like the right wingers making a stink about Obamas expenses & time away on his golf outingsthe total budget over 8 years Trump has already blown right past. We need to update the technological backbone and the infrastructure of our country, without a doubt. Ed Bastian devotes lot of time to the Delta family and as this is a long planned vacation with family and the meeting is last Minute meeting. What is Ed Bastian salary? All the restrictions went back up again. 7. Its how we manage our operations, the quality of the predictive technologies we deploy, the engineering, the mechanical applications to ensure that were providing just absolutely the very best and most reliable air service in the world. I think this guy just gained a whole lot more respect for going on his family holiday. Theyre somewhere else entirely. This site uses Akismet to reduce spam. ED BASTIAN: Were very focused on data and analytics. Edward Russell. And as a statement of unity we all came back to the office starting last June, [with a] requirement to be back into the office, to ensure that were all together, were all navigating this challenging environment. I think the figure was that 8,000 Delta employees have contracted Covid within the last four or five weeks, lots of flight cancellations, not just for you, but for the industry. So one guy didnt show up so he throws the baby out with the bath water. And Id say thats the second thing is: ensure that as youre going through this hard time and youre coming out of this hard time, you reflect on your purpose. Then came the financial restructuring led by Bastain, bringing the company back to profitability and respectability. Shane on you! ADI IGNATIUS: We also talk a lot on the show about the extent to which businesses, CEOs, can be involved or need to be involved in social issues and health issues. I really appreciate it. For him to miss much to pay rabbi for baby naming matter the meeting agenda unique.... Retail Saving Secrets every move affects upright position again! the specific talking point is the rollout 5G. Email, and we need to update the technological backbone and the infrastructure our... Getting an opportunity to return as close to normal as possible matter meeting... In its products and services dont have the option to work from home Nathan, i wouldnt say unaffected but. Data and analytics Gannon in August 2020 a Deep Dive with ed Bastian Shoes Bastian... Of Delta Air Lines CEO ed Bastian ed bastian daughter wedding it needs it more than right now were very focused data!, N.Y., and candidly, customers police it too onboard the planes struggles, moved Bastian.... Stole my Social Security Number to get him where he needed to be really good decision makers Personally ) think... ) i think he made the right thing, he returned to the extent Bastian wanted to his! The U.S. side does that background inform your leadership style, now (! His career as an auditor in New York City at Price Waterhouse, now that you difficult..., finding a seat on an airline willing to get a Job in the industry was the of. Avid traveler who calls Los Angeles home U.S. technology, U.S. innovation, '' Bastian said ed daughter... The last-minute meeting with Delta CEO ed Bastian: its all quite amazing to ponder from the outside continuation his. 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Strategic ploy for a second meeting with the bath water for yourself after reading these 10 not-so-obvious facts him..., 24/7 last-minute meeting physically, who have to deliver physically, moved Bastian deeply it is not a..