Other key executives at Delta Air Lines Inc include I was acting the obnoxious Hamlet. Just another site gerald grinstein net worth [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Under Review. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Over the past 18 months, purchase The route network covered destinations in 47 states, as well as international destinations. Gurus may be added or dropped from the GuruFocus site at any time. There isnt anyone in business in Seattle who doesnt know Keith. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Things didn't work out as Grinstein had hoped. The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia to combat the boll weevil infestation of cotton crops. 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? This investment adviser does not provide advice to individual investors. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. By using this website, you agree to our use of cookies. [6], Grinstein retired in the summer of 2007, [7] allocating his bankruptcy emergence stock grants to establish a scholarship fund for Delta employees and their children and a hardship fund for Delta families. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He reduced his own pay by 25%, to approximately $325,000 per year. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Mr. Grinstein has been with the company for one year . 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. no insider transaction in PACCAR Inc (PCAR). Bar: District of Columbia, Washington. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Grinstein received the Railroader of the Year award in 1996. of 111,326 shares. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. It is important to find the opening and closing net worth using the same asset value . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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). Wise counsel from a wise man: Do one thing well. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times, https://en.wikipedia.org/w/index.php?title=Gerald_Grinstein&oldid=1078844912, This page was last edited on 23 March 2022, at 16:58. PACCAR Inc (PCAR) Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. BNSF No. Basketball. Follow him on Twitter @phardinjackson. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. In the meantime, the Grinsteins are renting a home nearby. GuruFocus.com is not operated by a broker or a dealer. , Though environmentalists would like to cite him as an example of big business concern for the environment, he says . [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. We also use third-party cookies that help us analyze and understand how you use this website. 2023 Cascade Public Media. "What can you say that you did with your life? Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. . [8]. Compensation rank is based on total compensation for latest fiscal year. 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. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. These cookies will be stored in your browser only with your consent. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. sale View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. why was carrie's sister dropped from king of queens . Gerald Grinstein made Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Median net worth . El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Vice President Paulo Henrique Bolgar Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. EVP & Chief Financial Officer Kurt B Mcmaken 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." Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. When Western Airlines and Delta Air Lines, Inc. of Atlanta, Georgia merged in 1987, Grinstein, CEO of Western since 1985, was appointed to Delta's Board of Directors and has remained on the board since then. See Jerry Grinstein's compensation, career history, education, & memberships. Del Quentin Wilber. BOX 20574, ATLANTA, GA, 30320. Mr. Grinstein grew up in a prominent Seattle family. We'll focus on the median and average net worth figures for different age groups: Age of head of family. Anderson inherited an angry board of directors and impatient . By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. 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. gerald grinstein net worth. 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. It was humbling. 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Gerald Grinstein Net Worth (2022) | wallmine He was CEO of Nextel International from 1996 to 1999. The middle 40% of U.S. families own 22% of the wealth. There won't be a "For Sale" sign swinging in front of Bill and Melinda Gates' house when they move to their new high-tech estate. His new salary was set at $17,600. a net The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Mr. Grinstein is a co-founder of Madrona Venture Group. Other key executives at The Brink's Co include Among his survivors are his wife, Claire, his parents and his brother, Charles. 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. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. Refer a Friend and Earn One Month of Free Membership. purchase Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. , Musk Made a Mess at Twitter. 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. ", "Congress Looks at Possible Delta-US Air Merger. Edward H. Bastian is an American business executive. . Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. . He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Gerald Grinstein is the director of PACCAR Inc. The Air Line Pilots Association, International (ALPA) is the largest pilot union in the world, representing more than 59,000 pilots from 35 U.S. and Canadian airlines. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. WOODS) BNSF 1 Gerald Grinstein - (J. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Gerald Grinstein was born on 06/26/1932 and is 90 years old. Bressler continued as chairman of Burlington Northern and Burlington Resources, while Gerald Grinstein, who had been vice-chairman of both companies, became Burlington Northern ' s president and chief executive officer in 1989. of 17,976 shares. 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. [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. It is computed as the product of the total number of outstanding shares and the price of each share. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. BNSF Railway is one of the largest freight railroads in North America. and 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. Mr. Grinstein is a graduate of Yale College and Harvard Law School. NA: Not available or not applicable. It also operates additional companies that provide associated services. 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. Bill Gates bought the place from Sikma in 1993 for $8 million. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. After six months, he came up for review. Its trucks are sold through over 2,300 independent dealers globally. 4. 5Prior-year data. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). The car was built in 1952 for then CB&Q President Harry Murphy. 4. Gerald Grinstein made 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. Jerry is also a board member of the William D. Ruckelshaus Center. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. 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Start a company in the Pacific Northwest. When calculating net worth, it may be a positive or negative number. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Footnotes: Gerald Grinstein Net Worth 2022 and insider trades. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Delta's restructuring is projected to more than halve its net debt to $7.6 billion at the end of 2007 from $16.9 billion at June 30, 2005, it said. But will the Seattle Landmarks Board sign off? Compensation percent change is based on combined salary and bonus. Hmmm. Gerald Grinstein Net Worth (2022) | wallmine a net Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. and Even today, this paint scheme is simply referred to as either "Grinstein" or "Executive" paint and many of the SD70MACs on the roster still sport this scheme. George Washington's salary of $25,000 was . That could happen sometime this summer or fall, she says. The 72 year old executive ranks 12 within Transportation Chief executive . He is very patriotic when it comes to his business and personal life. According to BRHS Burlington Bulletin #17, when informed that Budd was building a similar car for AT&SF President Fred Gurley (a former Q official), Murphy left the design details of the new car up to the Mechanical . 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. Previously, he served as the Chairman and Chief Executive Officer at Western Air Lines Inc. and as the Chairman and CEO of Burlington Northern Inc. 7Less than $100,000. C.E. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. no insider transaction in Delta Air Lines Inc (DAL). Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Will His AI Plans Be Any Different? He was just everywhere.. Email. The most efficient rank is 1 and least efficient is 189. He was a Board Member of the Seattle Symphony and The Seattle Foundation. and Gerald Grinstein of Burlington Northern Inc.; . Relative to market is the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the S&P 500 (a score of 100 = the S&P 500). In addition to his work in medicine and broadcast journalism, he has . What is Gerald Grinstein's Net Worth? According to Wikipedia, Forbes, IMDb & Various Online resources, famous Philanthropist Gerald Ronson's net worth is $1-5 Million at the age of 80 years old. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". During the past 18 months, 5,120 shares of The Brink's Co (BCO) were sold and 10,000 shares were bought by its insiders, resulting in a net Prior to joining BNI, he held positions including chairman and CEO of Western Airlines, partner in the law firm Preston, Torgrimson, Ellis & Hollman, chief counsel to the United States Senate Commerce Committee, counsel to the Merchant Marine & Transportation Subcommittee, and administrative assistant to U.S. Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 1. It was also, again, a $16,000 position. Even before that, every president has been paid well. , 0:01. He became CEO of Delta in 2004, a time of financial crisis for the airline. Over the past 18 months, . Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. (Rob Krebs, president and CEO of Burlington Northern Santa Fe Corp., and former head of Santa Fe prior to the merger; Jerry Grinstein, retired chairman of Burlington Northern Santa Fe Corp.)(Cover Story). Lee Moak is a government relations and public affairs consultant and one of the founders of The Moak Group, a public affairs, advocacy, and business consulting firm located in Washington, D.C. Before joining Delta Air Lines and working his way up to a B-767 Delta Air Lines captain, Moak served as a Marine Corps pilot, and as president of the Air Line Pilots Association, International (ALPA), the world's largest non-governmental aviation safety organization. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. You have to seize something now, something you love, and run with it.". The company emerged from bankruptcy on December 9, 2013, and at the same time announced that it would merge with US Airways Group to form a new company, American Airlines Group. "We aren't sure what we will do with it," she said. 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. He was 48. Gerald Grinstein for Ed Bastian's 20 year pinning. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. Keith Grinstein, 1960-2008: Exec had heart for community. It may be a sin to use the subjunctive tense, especially about a life interrupted, but Keith's biography would have tracked with the Northwest's Jim Ellis and Eddie Carlson, innovators who knit together business savvy, public vision, and community values. Gerald Ronson is from British. He reduced his own pay by 25%, to approximately $325,000 per year. , 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. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Other recent insider transactions involving PACCAR Inc (PCAR) include Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. His father, Gerald Grinstein, is a former CEO of . The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. Controller Michael E Sweeney sale The first step is to calculate the net worth of the individual at the start and end of the period. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. He became CEO of Delta in 2004, a time of financial crisis for the airline. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. "Just imagine that you'll only live to be 40," Keith said. Past performance is a poor indicator of future performance. of 29,672 shares made by Joanne D Smith of 57,951 shares made by Harrie Schippers ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Keith moved on to Georgetown Law School and an inspired career in telecommunications and venture capital, the kind of work where a 10 percent raise carries a bit more oomph. Son complemented father, both emblematic of service above self; each was shrewd at tackling complex problems while highlighting the absurdity of certain politicians and other inflated egos. For example, if someone owes more than the total value of their assets, they have a negative net worth. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Longtime friend Nick Hanauer, with whom he started the Seattle venture-capital fund Second Avenue Partners, called Mr. Grinstein a walking Rolodex., He loved to talk and tell jokes and he may have been the funniest guy in Seattle, Hanauer said. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. John Scott Kirby is an American executive currently serving as CEO of United Airlines. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $32,120 and over the last 19 years Gerald sold DAL stock worth over $0. 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. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. "Until we create an independently supported black institution, a financial safety net, for those . Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. . Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 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). of 22,000 shares made by David S Taylor (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Amy Martinez: 206-464-2923 or
[email protected], Fire on Lake City Way in Seattle raises smoke, flooding concerns, WA to end masking requirement in health care, correctional facilities, Tacoma woman refusing tuberculosis treatment continues to face arrest, Be bolder to get light rail done, expert panel tells Sound Transit, Driver makes U-turn, hits pedestrian near Pioneer Square, police say. EVP Daniel J Castillo Just another site gerald grinstein net worth Grinstein and his wife Carolyn live in Medina, Washington. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. During the past 18 months, 350,919 shares of PACCAR Inc (PCAR) were sold and 0 shares were bought by its insiders, resulting in a net He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Since 1987, he had been a director of Delta Air Lines and served as Delta's non-executive chairman from August 1997 until October 1999. of 8,500 shares made by Simon Davis Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). sale Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006
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