LEO F. MULLIN
A former Chairman and Chief Executive Officer of Delta Air Lines, Inc. His career started with consulting firm McKinsey and became the first CEO outside Delta in 1997, and chairman in 1999. Then he left the CEO post in 2003 and was chairman in 2004. Initially, he helped the company in improving its finances but on the latter part of his tenure, he struggled with increased labor and fuel costs, aftermath of the 9/11 attacks, controversial executive pay and employee wage cuts, and massive layoffs. Mullin, born in Massachusetts in 1943, obtained his AB, Masters, and MBA degrees in Harvard University. He is also affiliated with Museum of Natural History and Chicago Chamber of Commerce.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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