SPY +1.49%
BND +0.18%
QQQ +1.64%
DIA +0.85%
VNQ +0.77%
GLD +0.45%
BTC +1.87%
AAPL -0.19%
GOOGL +1.23%
NVDA +3.23%
MSFT +2.86%
META +1.73%
AMZN +1.55%
TSLA +2.78%
UBER +1.48%
GS -0.17%
BAC +0.70%
JPM -0.09%
BRK.A +0.92%
COST +1.00%
XOM +0.79%
BABA +2.82%
WMT +2.19%
SPCX +9.44%
DIS +1.67%
F +0.41%
  • Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Top Stories
Delta CEO Ed Bastian visits "Mornings With Maria" at Fox Business Network Studios on June 23. Noam Galai/Getty Images

Elon Musk scorns Delta CEO Ed Bastian for not signing with Starlink for in-flight Wi-Fi: ‘He will lose his job over this’

If the drama between Elon Musk and Delta Air Lines (NYSE:DAL) CEO Ed Bastian is any indication, the richest and mightiest among us are just as likely — perhaps even moreso — to stoop to petty histrionics and bitter feuds as anyone else is.

Following the very public unravelling of a would-be deal between the two corporate giants this spring, boardroom ridicule and social media affronts have ensued, up to and including Musk penning an ominous X post last week stating that Bastian “will lose his job” over the ordeal.

Advertisement

The failed deal was one thing; Bastian, after much consideration, signed with Amazon (NASDAQ:AMZN) to roll out the e-commerce giant’s new Leo satellite internet across Delta’s fleet, bucking the trend in an industry where most major players have equipped their aircraft with Starlink, the Wall Street Journal reports.

The money news that actually matters.

By signing up, you accept Moneywise Terms of Use, Subscription Agreement, and Privacy Policy.

But it’s the comments allegedly made behind closed doors in recent days that have fanned the months-old flames.

Bastian rebuffs SpaceX’s Starlink — partially because of its founder

While it may seem to some like Musk is being a bit of a sore loser rather than accepting the reality that business is business, the situation became personal when rumours broke that Bastian had spoken poorly of the SpaceX (NASDAQ:SPCX) founder during some of the carrier’s internal meetings about the potential partnership.

“We do not want to be with Elon Musk. Trust me. If you know his reputation, it’s all true what they say about him,” the Delta head reportedly remarked.

In response, Musk not only predicted Bastian being removed from his role, but also joked that putting AI on a Delta flight could serve as a potential guardrail for the tech, as “It will have no chance of accessing the Internet!”

Other key reasons Delta declined Starlink tech was because of the cost, and also because execs supposedly wanted to be able to continue to connect users through the airline’s proprietary Delta Sync portal, which Musk called “painful, difficult and expensive for their customers.”

Must Read

Feelings about the Musk aside, customers seem to agree that Starlink is superior

All quips aside, complaints about Delta’s in-flight Wi-Fi — which isn’t due to be upgraded to Amazon Leo until 2028 — abound online. A few disgruntled customers have explicitly implored the company to upgrade to Starlink in the past.

Advertisement

Some agree with the trillionaire that Delta may lose customers in a time when a number of competitors offer faster, more reliable internet service. Others say they themselves plan to boycott the brand over the move, and have already started booking flights with Starlink-outfitted carriers instead.

It remains to be seen how Amazon’s offering will compete, as it is currently only in enterprise beta testing. The company’s own predictions promise it will best Starlink in both upload and download speeds.

CEOs have been booted for less

As cushy as many envision a CEO’s job to be, being ousted over a single bad call or public relations nightmare is not out of the realm of possibilities for Ed Bastian or anyone else in his seat.

Take the high profile exit of Cracker Barrel’s (NASDAQ:CBRL) relatively short-lived leader, Julie Masino, who was replaced this summer after an attempted rebrand that not only completely flopped, but sparked ire from longtime fans.

Lesser things have certainly prompted the departure of otherwise fair leaders; we just have to look back to this spring, when Air Canada CEO Michael Rousseau was ousted for recording a video about the LaGuardia Airport crash in English only.

You May Also Like

Share this:
Becky Robertson Sr. Staff Reporter

Becky Robertson is a senior staff reporter at Moneywise and a lifelong writer. Along with more than a decade covering news at outlets like blogTO and Quill & Quire, she's attended writing residencies around the world. With 33 countries visited, she finds travel to be among her greatest inspirations.

more from Becky Robertson

Explore the latest

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither investment, tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, enter into any loan, mortgage or insurance agreements or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Advertisers are not responsible for the content of this site, including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their website.

†Terms and Conditions apply.