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'If he tells you he can beat me, I'll sue!': Inside the $9 billion friendship between the CEOs of Amex and Delta

Summary by Fortune
One of the biggest successes in credit card history was cemented over a giant steak. It was early in COVID and American Express CEO Stephen Squeri—who had unexpectedly been named to the top job in 2016 (read the story of how, here)—was meeting with Delta CEO Ed Bastian in Atlanta to talk through the terms of their partnership. “I fed Steve a tomahawk at the Kevin Rathbun steak house,” Bastian recalls. The conversation topic? How to “stop fightin…

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Fortune broke the news in New York, United States on Saturday, May 9, 2026.
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