positiverate
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Delta's New Board Announced

Sat Mar 31, 2007 3:26 am

http://www.ajc.com/business/content/.../2007/03/30/0330bizdeltaboard.html

Retired Eastman Kodak chief executive Daniel Carp will Chair Delta's post-Chapter 11 board of directors as non-executive chairman. One of the new director candidates also includes former Northwest Airlines CEO Richard H. Anderson.
Jerry Grinstein, along with three current members of Delta current board (Paula Rosput Reynolds, who left Atlanta to serve as president and CEO of Safeco Corporation in Seattle; David R. Goode, retired chairman of Norfolk Southern Corp., and Kenneth B. Woodrow, retired vice chairman Target Corp) will continue to serve on the proposed replacement board.

Other new directors Delta named are Walter Massey, presidsent of Morehouse College in Atlanta; John S. Brinzo, chairman and former CEO of Cleveland-Cliffs; Eugene I. Davis, chairman and CEO of Pirinate Consulting Group, LLC; Richard K. Goeltz, retired vice chairman and chief financial officer of American Express; and Victor L. Lund, former chairman and CEO of American Stores Company.
 
LawnDart
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RE: Delta's New Board Announced

Sat Mar 31, 2007 4:20 am

Quoting Positiverate (Thread starter):
One of the new director candidates also includes former Northwest Airlines CEO Richard H. Anderson.

Any NW employees want to chime in on Richard Anderson...the good, the bad and the ugly?

Also:

Quoting Positiverate (Thread starter):
Eugene I. Davis, chairman and CEO of Pirinate Consulting Group,

sits on the board of Atlas Air...hmm...
 
ImperialEagle
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RE: Delta's New Board Announced

Sat Mar 31, 2007 4:28 am

A retired CFO from American Express----plenty of good connections there. Interesting line-up.
"If everything seems under control, you're just not going fast enough!"
 
avconsultant
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RE: Delta's New Board Announced

Sat Mar 31, 2007 4:34 am

Why the President of Morehouse College?

Does he have experience outside of academia?
 
jetlanta
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RE: Delta's New Board Announced

Sat Mar 31, 2007 4:40 am

Quoting AvConsultant (Reply 3):
Why the President of Morehouse College?

Does he have experience outside of academia?

Represents an Atlanta perspective, plus he is African-American which helps to satisfy the need for diversity on the board.
 
isitsafenow
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RE: Delta's New Board Announced

Sat Mar 31, 2007 5:01 am

No one from Coca-Cola?
safe
If two people agree on EVERYTHING, then one isn't necessary.
 
vtnyc
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RE: Delta's New Board Announced

Sat Mar 31, 2007 6:26 am

Does the board have input in to the day to day running of the airline? I take it that the CEO and VP's run the airline and are answerable to the board. Would the board have input in to major decision like aircraft purchase, hedging, new routes etc.

Just trying to get an idea of the boards role in the running of the company and it's significance.

VT-NYC
First Flight, PA001 DEL-FRA-LHR-JFK; Dream- JFK-COK on a B6 787
 
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TVNWZ
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RE: Delta's New Board Announced

Sat Mar 31, 2007 9:34 am

Interesting. A couple of ties to Egan. I smell smoke.
 
LawnDart
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RE: Delta's New Board Announced

Sat Mar 31, 2007 9:53 am

Quoting VTNYC (Reply 6):
Does the board have input in to the day to day running of the airline? I take it that the CEO and VP's run the airline and are answerable to the board. Would the board have input in to major decision like aircraft purchase, hedging, new routes etc.

In a sense, yes, but only from the perspective of approving major decisions made by the executives of the company.

For instance, in an aircraft purchase, the division(s) responsible for acquiring aircraft would look at all the candidates, determine the cost (of acquisition and operation) and present their findings, along with their recommendation, to the board, which sprinkles it with Holy Water.

Boards of Directors are often comprised of individuals that don't know, as in this example, the difference between a CRJ and an A380, but based on the information given to them by the individuals who do, they collectively approve or disapprove. This has lead many Boards to be accused of rubber-stamping decisions made by executives.

Quoting TVNWZ (Reply 7):
Interesting. A couple of ties to Egan. I smell smoke.

Interesting, indeed...although I don't know what, if any, ties Mr. Anderson may have to the people still running NW.
 
worldtraveler
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RE: Delta's New Board Announced

Sat Mar 31, 2007 11:25 am

having board members who are not exclusively experienced in the industry of the company whose board they sit on helps to provide experience from other industries. There needs to be a balance of airline people and people who are in touch w/ trends in other businesses. This does seem to be a very experienced board although it almost seems many more than I would have expected re retired from their executive careers.
 
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SLCUT2777
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RE: Delta's New Board Announced

Sat Mar 31, 2007 2:53 pm

Quoting Positiverate (Thread starter):
Jerry Grinstein, along with three current members of Delta current board (Paula Rosput Reynolds, who left Atlanta to serve as president and CEO of Safeco Corporation in Seattle; David R. Goode, retired chairman of Norfolk Southern Corp.

It is safe to assume that the latter two have close business ties to Grinstein. Rosput-Reynolds being at Safeco is in Grinstein's home town where he built his career as a corporate attorney prior to his tenure at Western, and David Goode he knows from his years at Burlington Northern.
DELTA Air Lines; The Only Way To Fly from Salt Lake City; Let the Western Heritage always be with Delta!
 
floridaflyboy
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RE: Delta's New Board Announced

Sat Mar 31, 2007 2:59 pm

Quoting Positiverate (Thread starter):
Kenneth B. Woodrow, retired vice chairman Target Corp

Sweet, Delta has a Target man on their board. I knew there was a reason I liked DL. Okay, maybe I'm just a tad biased.
Good goes around!
 
worldtraveler
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RE: Delta's New Board Announced

Sat Mar 31, 2007 9:46 pm

Paul R-R used to be chairwoman of an Atlanta utility. she was put on the board while in ATL.
 
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TVNWZ
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RE: Delta's New Board Announced

Sun Apr 01, 2007 2:25 am

Quoting LawnDart (Reply 8):
Interesting, indeed...although I don't know what, if any, ties Mr. Anderson may have to the people still running NW.



Quoting Floridaflyboy (Reply 11):
Sweet, Delta has a Target man on their board. I knew there was a reason I liked DL. Okay, maybe I'm just a tad biased.

And Target is based in....Minneapolis.
 
floridaflyboy
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RE: Delta's New Board Announced

Sun Apr 01, 2007 5:02 am

Quoting TVNWZ (Reply 15):
And Target is based in....Minneapolis.

haha. Never put those two together. That is just coincidental, though. Target and NWA have no significant ties.
Good goes around!
 
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TVNWZ
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RE: Delta's New Board Announced

Sun Apr 01, 2007 9:20 am

Quoting Floridaflyboy (Reply 16):

haha. Never put those two together. That is just coincidental, though. Target and NWA have no significant ties.

True. But, it is about the individuals and the relationships they have. Keep watching.
 
FWAERJ
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RE: Delta's New Board Announced

Sun Apr 01, 2007 10:38 am

Quoting Positiverate (Thread starter):
Richard K. Goeltz, retired vice chairman and chief financial officer of American Express

Is it just me, or is this one becuase the Delta SkyMiles credit card is issued by American Express?

BTW, Daniel Carp didn't do that good of a job at Eastman Kodak, as he was late to address the digital challenge to the company's bottom line. Never mind that Kodak invented the digital camera in 1974... they thought that film wouldn't be displaced as fast as it was.

[Edited 2007-04-01 03:41:32]
"Did he really need the triple bypass? Or was it the miles?"
 
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jetjack74
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RE: Delta's New Board Announced

Sun Apr 01, 2007 11:06 am

Quoting LawnDart (Reply 1):
Any NW employees want to chime in on Richard Anderson...the good, the bad and the ugly?

I liked Richard, I thought he was a better CEO then the one before and after.

Quoting LawnDart (Reply 1):
Also:

Quoting Positiverate (Thread starter):
Eugene I. Davis, chairman and CEO of Pirinate Consulting Group,

sits on the board of Atlas Air...hmm...

While it's interesting, i'm skeptical as to whether it's anything significant
Made from jets!
 
MCOflyer
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RE: Delta's New Board Announced

Sun Apr 01, 2007 11:13 am

Quoting Jetjack74 (Reply 19):
While it's interesting, i'm skeptical as to whether it's anything significant

If they merge, he may be the one to head up the cargo division.

This board is intresting. all have tie in their respected fields.

MCOflyer
Never be afraid to stand up for who you are.