This CEO showed moxy and told the world why he works..for his family if I have to spell it out. Kudos to him for not abandoning his plans with his family for the last minute meeting. He should be commended for putting his family first in this instance. As I tell our people, we didnt have a choice. A father of 4, he splits his time between Atlanta, where Delta Air Lines is headquartered, and Florida. 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. When you think about our business, and we have thousands of flights a day and hundreds of thousands of seats a day that we sell and the pricing of that, the yield management, the inventory, and the ability for consumers to be able to shop and match and try to find a different product category, requires an enormous amount of technology and data analytics. That truly undermines his argument. If I am reading this correctly, the use of the word expensive was meant to imply cost to his airline/reputation by skipping the meeting. But as Gary Leff (in his new Forbes column) reports, Bastian has now clarified the issue. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. ADI IGNATIUS: Im always interested in the path that people take to the C-suite, to the CEO role. The problem is in the US we put work before family and it is ruining society. Thank you for recognizing that. ADI IGNATIUS: Heres another question, this is from Cincinnati, Ohio, really a couple questions about data and analytics. Obama deported more people than Trump. 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. Its a huge deterrence to travel. It hit us hard. How do you cope with a hit like this? He chickened out when he found out his nemesis would be there, and now hes trying to appear all self righteous. Ed has been talking about saving american jobs since he became the Delta CEO literally putting up constant messages to employees and asking them to write their congressman and sign petitions. 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.. [5] In 2000, he was promoted to senior vice president finance and controller. Everyone on that is wearing a mask. But more important than ever, I think its all given us a chance to sit back and ask ourselves the tough questions as to why do we do what we do? Theyre buckled into their seats. In the last six months, things have certainly settled. Family first. He has more than likely already been on multiple ultra first class vacations this year. Theres an endless number of topics that you could pick on a social matter to engage in. Personally I think its clear this vacation was just an excuse. 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. Perhaps his absence was a strategic ploy for a second meeting with the chief spokesperson at the table for the U.S. side. I've got to keep working hard for her.". Jees, if you were going for DB of the Year then, good news, youre in the lead. Delta did end up finally became profitable in New York for the first time in its history, after expanding its presence against large operations run by American, JetBlue, United and other carriers. That card is played way too often by liberals. He deserves 1 week away with his family. What has it been like to try to guide a business through all this? A father of 4, he splits his time between Atlanta, where Delta Air Lines is headquartered, and Florida. Mr. Bastain was more interested in baseball than air traffic for most of his early life. I think in some ways youre a paragon for what it means to lead a business through a challenging period. Then came the financial restructuring led by Bastain, bringing the company back to profitability and respectability. Ed Bastians daughter Brittany Bastian got married to Nathan Gannon in August 2020 A Deep Dive with Ed Bastian | Detroit Economic Club. He made his position on the matter that the company should file for bankruptcy protection corporate clear. Be honest in your writing and you wont take so much criticism. It needs it more than ever. We give them tests. And getting an opportunity to return as close to normal as possible. Unthinkable: Should We Abandon All COVID Policies? A lot of companies arent there. Our customers, our community have never needed us more than right now. Garrett by trade is a personal finance freelance writer and journalist. WebBrittany Bastian and Nathan Gannon's Wedding Website - Zola. There is more to life than an endless list of meetings. Very few have. [7] In 2007, he was appointed to president, a position he held until assuming the role of CEO in May 2016. I took a 4 week Eupope vacation recently. Mathew, I have been reading your blogs for a number of years now and Ive never commented on any of them even when I have felt that you are all reaching on your writing . Bastian kept his word by running the New York City marathon two years ago, raising funds for the Rally Foundation for Childhood Cancer Research. What Do I Do If Someone Stole My Social Security Number To Get a Job? So I think those are some of the core capabilities that I brought to the airline. And fortunately, the CDC took our input. Fellas instead of debating the minutiae here and bulldozing the author with your infinite wisdom Ed Bastian was born on June 6, 1957 in Poughkeepsie, New York. Ed Bastian is married to Anna Bastian and they have 4 kids. Ed Bastians daughter Brittany Bastian got married to Nathan Gannon in August 2020 in a wedding ceremony held in Georgia. One thing that we did, Adi, is throughout the pandemic weve encouraged testing. I want to start by saying that I completely disagree with Bastians criticism of the ME3, but I wouldnt reschedule anything for a meeting with Trump either. If youre a subscriber, you can sign up here. ADI IGNATIUS: Because what you do is so visible, we all feel we know the brand. And its a noble mission. And there is still another point that if I were Bastian, it would have caused me to avoid this meeting like the plague For him to make an apeearance at a meeting to complain about Qatar Airlines owning 49% of air Italy and how the subsidies that the Qatari government is providing to Qatar airways and, in turn, to Air Italy is costing Americans jobs all while Delta Airlines owns 49% of Virgin Atlantic (a U.K. company), 49% of Grupo Aeromexico (a Mexican owned company) as well as 8.8% of AirFrance-KLM (a French-Dutch company) probably would not have been too great of an idea. So what have you learned about what you need to do to retain top talent at this point? 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? You reflect on what you learned, you reflect on what youre going to be doing. And this is something I was going to ask as well, which is the rollout of 5G thats coming. You may no longer be able to operate certain types of equipment unless you have a very clear day. [10] A father of 4,[11] he splits his time between Atlanta, where Delta Air Lines is headquartered, and Florida.[12]. Rally Kid Graces fearless spirit and selfless mission to help others, despite her own struggles, moved Bastian deeply. Not one to mince, Read More 10 Things You Didnt Know about Celtics Owner Wyc GrousbeckContinue, When you think of robotics, metal parts, springs, and bolts probably come to mind. But after that, your period of isolation requirements really drop immensely. And when you join an airline, youre really signing up to be a citizen of the globe and being part of what it takes to keep the world moving together. bitcoin-friendly.com [2] He graduated from Our Lady of Lourdes High School in Poughkeepsie in 1975. This may make it seem as if he has adopted a competitive lifestyle, but actually the marathon was the result of a bet he made with his Delta employees. Our employee engagement scores have stayed just as strong throughout the pandemic as ever because theres a real pride in what we do. 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. People are reacting like as if this guy is low level manager who only gets 2-3 weeks a year. People want to work here. And we are having those conversations to create commercial opportunities for the energy producers to invest in SAF and the airlines to make sure that were going to be good partners and purchase and procure those, because today the cost of buying one gallon of a sustainable aviation fuel is upwards of 5 times the cost of one gallon of jet fuel, and its not a commercial opportunity at the present stage. Its not like going to a restaurant or going to movies where youve got various options. about how cows eat cabbage, why dont you go play with your kids? WebBTC/USD Realtime Price and Historical Chart. Now..doing it showing the world that he is in control and knows what it truly important..that is showing brass ones and dubbing the President to boot..thats a fatherly and Manly ( not dissing women here) . ADI IGNATIUS: Ed, I want to thank you for being on the show. A 12-year-old girl stepped up to the altar at her mom's wedding to read out the exact number of days she felt like her stepdad had felt like her own father before I am willing to bet big money you do not have a family. And we ran basically a perfect, very, very clean operation. 10. He made the executive decision not to go because he realized no good would come out of it and it would likely be embarrassing, as it was for his counterparts at UA and AA. Delta's CEO, Ed Bastian, sent an email this morning to customers, revealing the company's plans for handling the current outbreak. Awards and recognition. As a matter of fact i do recall that trump was considering a saudi base company to run our ATC dept. [1], Bastian grew up in Poughkeepsie, New York, the oldest of nine children. I think a lot of people were happy. Wow, there are some seriously off-base people on here. A man who takes a little vacation time, and gets villified for it, compared to the CEO of the country who seems to always be somewhere in New Jersey or Florida playing golf. In other words, how has Bastians absence from that meeting added to his costs (expensive vacation?) Shane on you! Climate change is happening. But we use analytics far more than just as a pricing tool and an algorithm. And you also need to be comfortable as a decision maker. How The Transportation Industry Plans on Saving The Environment, 10 Things You Didnt Know about Celtics Owner Wyc Grousbeck, New Robot Pill Pierces Intestine Walls to Deliver Drugs, 10 Things You Didnt Know About General Electric CEO John Flannery, 20 Fun Facts You Didnt Know About McDonalds, How Bebe Rexha Achieved a Net Worth of $10 Million, The 20 Worst Cities for Human Trafficking in the World, How Simu Liu Achieved a Net Worth of $4 Million, The 20 Best Chevy Muscle Cars of All-Time, How Lizzo Achieved a Net Worth of $40 Million. Were huge proponents of 5G. 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. Do you understand how the Trump administration has been playing heads of state and heads of companies for the last two years? We have a whole team of almost 500 people that do just that for a living, every single day as theyre managing the flights and managing the pricing and the changes to make sure that were meeting the market where they want to buy the seats at, but at the same time, not overselling or underselling in managing that whole process. Im just wondering why this was an either-or situation. As a supervisor in the transport industry I too have only 2 week vacation time a year to spend with my family! I have no issue with him passing on the last-minute meeting. The idea of primogeniture, where the oldest gets the bestest, is historically valid, and with 8 others to deal with it is likely he had his share of management moments. 6. I know Delta was one of the signatories in a letter to the White House that said this could potentially wreak havoc on the flight control systems. Family and down time is critically important for everyone. I think more likely is that Bastian realizes that this meeting was a waste of time because Trumps has an affinity for authoritarians like Al-Baker and the Qatari government (despite his refusal to press Saudi Arabia to lift their sanctions on Qatar) and his word is worth nothing. I recently spent a weekend at the @ventanabigsur. ED BASTIAN: My pleasure, Adi, good to be with you. Clearly you have no family. For the money he is paid sacrifices must be made; considering the 85,000 employees and pension funds that his every move affects. Outside of banner ads published through the Boarding Area network, this compensation does not impact how and where products appear on this site. 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. Shame on the Author. 4. Im sure one of them maybe could have fit this into their agenda !? Shame on you sir. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site is for entertainment purposes only. 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. Pleased to say at Delta, there are very, very few. And more importantly, that airlines, hospital workers, firemen, police, people that are providing essential services that we need, particularly during a holiday season, to keep our society moving, its time we thought to update the guidance. ED BASTIAN: Oh, we get information from so many people all the time. Wow I am amazed at the number of people on here defending Ed Bastians decision and criticising the tone of Matthews article. [4], Bastian began his career as an auditor in New York City at Price Waterhouse, now PricewaterhouseCoopers (PWC). This meeting was clearly not in good faith, and even if it was, you cant trust anything Trump says past the point he leaves the room. To run our ATC dept self righteous we Get information from so many people all the time is personal... From so many people all the time capabilities that I brought to the airline My family base company to our! 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