Richard H. Anderson

AAA

DEFINITION of 'Richard H. Anderson'

Richard H. Anderson became the CEO of Delta Airlines in 2007. Born in 1956 in Texas, Anderson began his career in law, then worked at Continental Airlines, Northwest Airlines and UnitedHealth Group before joining Delta. He helped Northwest avoid filing for bankruptcy in the aftermath of 9/11 - though it ultimately filed in 2005. At Delta, Anderson replaced CEO Gerald Grinstein, under whom Delta filed for chapter 11 bankruptcy in 2005.

INVESTOPEDIA EXPLAINS 'Richard H. Anderson'

Founded in 1928, Delta is a major airline with destinations in more than 350 cities around the globe. Through numerous mergers and acquisitions, including a merger with Northwestern in 2008, Delta has grown considerably over the years. Other airlines that have become a part of Delta include Chicago and Southern Air Lines (1953), Northeast Airlines (1972), Republic Airlines (1986) and Pan Am (1991).

RELATED TERMS
  1. Chairman

    An executive elected by a company's board of directors that is ...
  2. Merger

    The combining of two or more companies, generally by offering ...
  3. Acquisition

    A corporate action in which a company buys most, if not all, ...
  4. Bankruptcy

    A legal proceeding involving a person or business that is unable ...
  5. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
  6. Chapter 11

    Named after the U.S. bankruptcy code 11, Chapter 11 is a form ...
Related Articles
  1. The Basics Of Corporate Structure
    Investing Basics

    The Basics Of Corporate Structure

  2. Analyzing An Acquisition Announcement
    Investing Basics

    Analyzing An Acquisition Announcement

  3. The Merger - What To Do When Companies ...
    Investing Basics

    The Merger - What To Do When Companies ...

  4. Evaluating A Company's Management
    Active Trading Fundamentals

    Evaluating A Company's Management

comments powered by Disqus
Hot Definitions
  1. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  2. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  3. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  4. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  5. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
  6. Direct Participation Program - DPP

    A business venture designed to let investors participate directly in the cash flow and tax benefits of the underlying investment. ...
Trading Center