Edward H. Bastian is an American business executive.
Ed Bastian is the ninth and current chief executive officer of Delta Air Lines, a role he has been occupying since May 2, 2016.
Ed Bastian began his career as an auditor in New York City at Price Waterhouse, now PricewaterhouseCoopers (PWC), where during a 1981 annual review, he uncovered a $50 million fraud scheme involving ad powerhouse J. Walter Thompson., which prompted a U.S. Securities and Exchange Commission investigation, leaving many PWC executives with marred careers. A few years later, Ed Bastian was named partner at age 31.
After PWC, Ed Bastian served as vice president at PepsiCo, where he managed international finances for its Frito-Lay snack division until 1998, when he joined Delta Air Lines as vice president – finance and controller. In 2000, Ed Bastian was promoted to senior vice president – finance and controller.
Ed Bastian left Delta Airlines in 2005 to become senior vice president and chief financial officer at Acuity Brands. Six months later, at the request of then-Delta CEO Gerald Grinstein, Ed Bastian returned to the airline to serve as chief financial officer.
In 2007, Ed Bastian was appointed to president, a position he held until assuming the role of CEO in May 2016. Ed Bastian’s transition to CEO was the first time Delta had chosen a chief executive officer from within the company since 1987.
Ed Bastian Salary: What is the salary of the CEO of Delta Air Lines?
Ed Bastian’s total compensation amounted to $13.1 million in 2020, including a salary of $237,500, stock awards of $8.4 million and option awards of $4.1 million, along with other compensation.
That was down from $17.3 million in total compensation in 2019, mostly due to the elimination of a cash incentive bonus.
On the average, Ed Bastian earns about $15 million annually.