Delta Airlines Inc., (DALRQ - Other OTC) will soon exit bankruptcy and has a big decision awaiting the board. Gerald Grinstein, the current CEO, plans to step down as soon as the board makes its decision on his successor. The question on everyone's mind is whether the board will go outside Delta or pick from within, Grinstein's expressed hope. This is a decision to watch.
Delta remains the third largest carrier in the United States and the decision could have great impact on the company and possibly the industry. According to an Associated Press article by Harry R. Weber inside candidates under consideration include Ed Bastian, CFO and James Whitehurst, COO. One important question is who is the board considering from the outside?
Stay tuned, the decision could be significant.