Jet Blue is owned by institutional investors, with the top individual shareholders being current company executives and a former board member. The top institutional investors include Fidelity Management Research Company, the Vanguard Group, BlackRock Inc., and Primecap Management Company. Robin Hayes, the company President and CEO, has the highest individual ownership of the airline‘s shares, followed by Joel Peterson, the former chair of the board. The company was founded by David Neeleman, who was later replaced as CEO by Dave Barger, causing widespread demoralization among the ranks.