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. Acquisition

    A corporate action in which a company buys most, if not all, ...
  2. Chairman

    An executive elected by a company's board of directors that is ...
  3. Chief Executive Officer - CEO

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

    Named after the U.S. bankruptcy code 11, Chapter 11 is a form ...
  5. Bankruptcy

    A legal proceeding involving a person or business that is unable ...
  6. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Investing Basics

    The Basics Of Corporate Structure

    CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.
  2. Investing Basics

    Analyzing An Acquisition Announcement

    These deals can make or break investors' returns. Find out how to tell the difference.
  3. Investing Basics

    The Merger - What To Do When Companies Converge

    Learn how to invest in companies before, during and after they join together.
  4. Active Trading Fundamentals

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!
  5. Options & Futures

    Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.
  6. Professionals

    What does C-Suite Mean?

    C-Suite is a slang term used to describe the highest level senior executives of a corporation. This is the decision-making, power center of a company. These individuals are usually paid well, ...
  7. Professionals

    What's Human Capital?

    Human capital is a company asset, but it’s not listed on the balance sheet. Human capital is all of the creative skills and knowledge embodied in the employees of a company -- skills that bring ...
  8. Personal Finance

    The 5 Best Fortune 500 Mentorship Programs

    These top Fortune 500 companies offer mentorship programs to recent graduates.
  9. Professionals

    What are Core Competencies?

    Core competencies are the essence of what a company does well. A business uses its core competencies to make and develop products, goods and services according to its company mission. Core competencies ...
  10. Professionals

    What are Fringe Benefits?

    Fringe benefits are non-monetary compensation employers give to employees. They are often associated with high priced perks given to top executives, but any employee can receive them. Fringe ...

You May Also Like

Hot Definitions
  1. Sunk Cost

    A cost that has already been incurred and thus cannot be recovered. A sunk cost differs from other, future costs that a business ...
  2. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, engineering, scientific or computer-related duties, as ...
  3. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  4. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  5. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  6. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
Trading Center