Delta Air Lines CEO and Director Edward H Bastian Net Worth
Delta Air Lines CEO and Director Edward H Bastian is a 63 year old American business executive. He is known for his commitment to technology and investing in airport amenities. He has been with Delta for twenty years, having been promoted to president and chief financial officer. As of 2018, Bastian is a member of the Council on Foreign Relations. His net worth is estimated to be around $50 million.
Edward H Bastian started his career as an auditor at Price Waterhouse. In 1979, he became an Audit Partner and later became a partner. Later, he was promoted to senior vice president at PepsiCo, where he was responsible for international finances. Ed Bastian joined Delta in 1998 as VP of Finance. After joining Delta, he went on to become the Chief Financial Officer of Acuity Brands, and eventually returned to Delta in 2007.
In 2004, Bastian was promoted to SVP. In 2007, he was promoted to president, where he was responsible for the company’s global teams. At that time, he was also a member of the executive team of the Delta Air Lines merger with Northwest Airlines. This was a significant milestone in the history of Delta. Since then, he has been a major contributor to the company’s growth and success.
As of May 2016, Bastian has served as the company’s ninth chief executive officer. He grew up in Poughkeepsie, New York, and attended St. Bonaventure University, where he received a Bachelor of Business Administration in Accounting. Before becoming a leader in the air travel industry, he held positions at Frito-Lay International, PepsiCo, and Acuity Brands.
Ed Bastian has earned an impressive salary, which includes a base salary of $950,000 a year and stock awards that range from $12.4 million to $15 million. The company’s market cap is a staggering $37.1 billion. But with the recent pandemic, the company’s financial results have deteriorated. For this reason, many executives at the company have been forced to take pay cuts. Thus, Bastian was the highest paid airline CEO in the world.
Bastian’s compensation is primarily derived from his successful business leadership. However, he has also accumulated a fortune from his social media activities. According to Forbes, his Twitter accounts have over 400,000 followers. Furthermore, he is a member of the Atlanta Chamber of Commerce. He has also run in the New York City Marathon. Additionally, he has an Instagram account. Despite his social media presence, it is unclear whether or not he has any other family members.
Though his compensation has declined in the past 18 months, he still enjoys a relatively high position. His compensation in 2021 will include an additional $4.1 million in stock options and a salary of $950,000. It is also possible that he will be given other bonuses. Although his total compensation in 2020 will be significantly less than his previous pay levels, it is also possible that he will be able to earn an even larger sum from his personal investments.