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What to Know Now
Only five months after leaving the role of CEO and adopting the position of Chairman of the Board, Richard Anderson has left Delta Air Lines and retired.
According to Ed Bastian, the current CEO, Anderson’s departure was “part of the plan,” but to many others, the transition seems rather abrupt; nobody saw the resignation coming until the news broke on Tuesday and Delta has been tight-lipped about the departure. News of Anderson’s transition was quickly eclipsed by the airline’s earnings call on Thursday.
Regardless of the reasons, Anderson’s departure may signal the end of the era of a certain type of strong-willed legacy carrier management. Under Anderson’s watch, Delta played hardball with international carriers, eviscerated its loyalty program, and openly split with the major industry lobbying group, all contentious and headstrong moves. As Bastian and the new chairman of the board settle in, calmer times may be ahead.
Social Quote of the Day
Maybe he is being better for something in the Clinton administration-in-waiting? He has been a big donor.
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