Refer a Friend and Earn One Month of Free Membership. (Gerald Grinstein says)(Brief Article). When its one-time expenses were included, Delta lost $7.64 a share. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? sale We'll focus on the median and average net worth figures for different age groups: Age of head of family. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. He previously served as the Chief Executive Officer of Delta Air Lines from 2004 - 2007 and as Non-Executive Chairman of Delta Air Lines Inc.'s Board of Directors from 1997 - 1999. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Mr Bastian owns over 47,500 units of Delta Air Lines stock worth over $15,301,796 and over the last 18 years he sold DAL stock worth over $40,887,727. Gerald Grinstein Total Compensation $0.45 mil (#490) 5-Year Compensation Total NA Gerald Grinstein has been CEO of Delta Air Lines for 2 years. In summary, during the past 3 months, insiders sold 30,856 shares of Delta Air Lines Inc (DAL) in total and bought 12,880 shares, with a net 2Four-year total. Musk Made a Mess at Twitter. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. In the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. . Will Others Follow? sale The estimated Net Worth of Gerald Grinstein is at least Delta Air Lines stock worth over $38,620 and over the last 18 years Gerald sold DAL stock worth over $0 He was just everywhere.. It is important to find the opening and closing net worth using the same asset value . 4Less than 0.01%. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. He granted himself an annual salary of $450,000 with no bonuses or stock options, well below the multimillion-dollar compensation packages accepted by Mullin and his top executives at a time when Delta was losing billions of dollars. 2004-2023 GuruFocus.com, LLC. Jerry returned to Madrona as a strategic director in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. The Grinsteins have had their eye on the mansion for quite a while. Keith Grinstein, 1960-2008: Exec had heart for community. Grinstein and his wife Carolyn live in Medina, Washington. 4. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Gupta has several connections to Atlanta, where he is the Chief Medical Correspondent for CNN, associate chief of neurosurgery at Grady Memorial Hospital, and assistant professor of neurosurgery at Emory University School of Medicine. Basketball. 8Received options or restricted stock in lieu of portion of salary. Added: Jun 27, 2019. William Douglas Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines. Compensation rank is based on total compensation for latest fiscal year. 4. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Mullin achieved particular prominence following the September 11, 2001 tragedy when, with the airline industry on the brink of failure, he served as the chief legislative and public spokesperson for the industrys recovery program. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. He previously served as President of US Airways and American Airlines, as well as President of United Airlines from 2016 to 2020, when he was promoted as CEO. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Founding Partner, Harkness Capital Partners LLC. Gerald Grinstein Net Worth (2022) | wallmine Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. of 57,951 shares made by Harrie Schippers Mr. Grinstein grew up in a prominent Seattle family. Gerald Grinstein is the director of PACCAR Inc. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 2023 Harkness Capital Partners | Admin Login, CEO: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Chairman: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Board Member: Aligent Technologies; Light Sciences Corporation; Browning-Ferris Industries; VANS, Inc.; Imperial Sugar Co,; PACCAR Inc.; Sunstrand Corporation; Foundation Bank; ThinkFire Services USA; Portland General Electric Co.; The Brinks Company; Pittston Minerals Group; Vascular Reconditioning Inc; Bax Global; Expedia.com, Private Equity Boards: Kane is Able; Jacobson Companies; Co-Founder, Madrona Investment Group: Advisor, Oak Hill Capital Partners. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Grinstein also oversaw a major restructuring of Delta's network footprint, closing the airline's DallasFort Worth hub and cutting domestic flight schedules across the remaining hubs in an effort to redeploy aircraft and personnel to more profitable international markets. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. The largest trade Gerald's ever made was buying 1,000 units of Delta Air Lines stock on 3 May 2007 worth over $21,750. [4] Grinstein embarked on a number of cost-cutting measures, including a major out-of-court restructuring of the company's long term debt and outsourcing of some heavy aircraft maintenance and ramp handling operations. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. , Grinstein also oversaw a major restructuring of Delta's network footprint, closing the airline's DallasFort Worth hub and cutting domestic flight schedules across the remaining hubs in an effort to redeploy aircraft and personnel to more profitable international markets. No matter what the situation was, he could always find the light side.. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Grinstein also set about regaining the trust and confidence of Delta's employees. You have to seize something now, something you love, and run with it.". To calculate your net worth, take inventory of what you own, as well as your outstanding debt. In 2003, much to his surprise, the state's revenue agency presented him with a bill for $25 million, including penalties and interest, for the previous four years' worth of art purchases. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. Gerald Ronson is from British. Thanks to your hard work and dedicated efforts, we garnered an unprecedented amount of support for reforming U.S. development from businesses, NGOs, think tanks, prominent individuals, Continue reading 200 + Signatories on MFAN's . , James Moon Whitehurst is an American business executive. AMR filed for Chapter11 bankruptcy protection in November 2011. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. of 17,976 shares. Start a company in the Pacific Northwest. Hollis Loyd Harris served as President and COO of Delta Air Lines (1987-1990) and Chairman, President, and CEO of Continental Airlines (1990-1991), Air Canada (1992-1996), and World Airways (1999-2004). 6New chief executive; compensation may be for another executive office. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Although these initiatives were largely successful, upward pressure on fuel prices and fierce competition from low-cost carriers continued to keep Delta perilously close to bankruptcy. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Along the way, he seemed to breathe life into a line from Theodore Roethke's The Waking: "I learn by going where I have to go." , Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. He was beloved by many, many people.. WOODS) BNSF 1 Gerald Grinstein - (J. , Prior to working at Delta in 2001, he served as Vice President and Director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. But opting out of some of these cookies may affect your browsing experience. He became CEO of Delta in 2004, a time of financial crisis for the airline. The most recent stock trade was executed by Joanne D Smith on 28 February 2023, trading 4,846 units of DAL stock currently worth $186,232. The 72 year old executive ranks 12 within Transportation Chief executive . Delta entered more than 50 new international markets between 2005 and 2007 and since its merger with Northwest Airlines in 2008 has become the world's largest carrier. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He worked as a lawyer in New York and Washington, D.C., before returning to Seattle in the late 1980s to join McCaw Cellular Communications (later AT&T Wireless Services). Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. of 350,919 shares. UAL held a 100 percent controlling interest in United Airlines, Inc., one of the world's largest air carriers, and is a founding member of the Star Alliance. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. WOODS) BNSF 1 Gerald Grinstein - (E.C. and So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. He reduced his own pay by 25%, to approximately $325,000 per year. sale El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Gerald Grinstein. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. These cookies will be stored in your browser only with your consent. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. Thomas W. Horton is a partner of Global Infrastructure Partners and is lead director at Walmart Inc. and General Electric Corp. United Airlines is the third largest airline in the world, with 86,852 employees and 721 aircraft. We know that Gerald's political affiliation is . LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection [4] Grinstein embarked on a number of cost-cutting measures, including a major out-of-court restructuring of the company's long term debt and outsourcing of some heavy aircraft maintenance and ramp handling operations. of 32,650 shares made by R Preston Feight Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. EVP Daniel J Castillo of 22,000 shares made by David S Taylor of 0 shares. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Calculating net worth is one way to gauge financial health. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. "Some of our most successful entrepreneurs are really . Some of our most successful entrepreneurs are really inventors at heart. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. read more (market . There isnt anyone in business in Seattle who doesnt know Keith. of 3,017 shares made by Todd R Hubbard By using this website, you agree to our use of cookies. It was an improvement over the first quarter of 2003, when Delta reported $466 million in losses as the Iraq war kicked off and the SARS outbreak in Asia caused international travel to plummet . 10Includes shares indirectly held. It was meaningful do-gooderism as an end in itself. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. and of 153,713 shares. BOX 20574, ATLANTA, GA, 30320. C.E. In summary, during the past 3 months, insiders sold 0 shares of The Brink's Co (BCO) in total and bought 0 shares, with a net Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. The Brink's Co (BCO) "He does just one thing. Other key executives at PACCAR Inc include He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Delta Air Lines executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. His father, Gerald Grinstein, is a former CEO of . Peter Jackson is the former editorial-page editor of the Everett Herald. a net As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. [3]. OFFICER John N Rich A year ago, we served together on a foundation finance committee. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $38,070 and over the last 19 years Gerald sold DAL stock worth over $0. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Keith made some jokes at his own expense and finally leaned forward and said something quasi-Scandanavian, a sentiment that spoke to my Ingmar Bergman-esque soul. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. That could happen sometime this summer or fall, she says. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". BNSF 1 Gerald Grinstein - (SLIDER JAKE) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (J. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. , Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. 1:06. Gerald Grinstein was American air transportation executive. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. I think of Madrona not only as a source of capital but of business strength that takes an innovation and moves it into the marketplace.. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. "The timing seemed right," Lyn Grinstein said. Delta Air Lines is a major American airline. EVP & Chief Financial Officer Daniel C. Janki Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. "Michael Jordan," Keith said. He reduced his own pay by 25%, to approximately $325,000 per year. a net Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. Grinstein received the Railroader of the Year award in 1996. NM: Not meaningful. In November 2006, US Airways launched an unsolicited hostile takeover bid for Delta, which Grinstein and his executive team led by Jim Whitehurst and Edward Bastian defeated by supporting the employee-led "Keep Delta My Delta" campaign. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. . Gerald Grinstein made This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. . Re: BNSF "Gerald Grinstein" business car. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. and , They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. How federal weed legalization would impact Washington state, ArtSEA: Bronze books in Bellevue and a rush of Seattle readings, The egg shortage won't end anytime soon. It has three transcontinental routes that provide rail connections between the western and eastern United States. See Jerry Grinstein's compensation, career history, education, & memberships. Terms of Use and Privacy Policy. In 1997, it rebranded as US Airways. Hmmm. Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Stock quotes provided by InterActive Data. Controller Michael E Sweeney Although these initiatives were largely successful, upward pressure on fuel prices and fierce competition from low-cost carriers continued to keep Delta perilously close to bankruptcy.
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