gerald grinstein net worth

Primary Income source Philanthropist (profession). Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. 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). , After six months, he came up for review. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. The first step is to calculate the net worth of the individual at the start and end of the period. He led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. purchase In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. It is mandatory to procure user consent prior to running these cookies on your website. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. I continued pressing. He was focused, effective, and (and I mean this) understated. "I don't think we'll be as interesting.". Peter Jackson is the former editorial-page editor of the Everett Herald. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 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. , "Just imagine that you'll only live to be 40," Keith said. and Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. The company filed for bankruptcy protection under Chapter 11 in 2012 and emerged from Chapter 11 in 2013 as a wholly owned subsidiary of Delta Air Lines. sale Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 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. 2Four-year total. , It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. 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. (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). 3Three-year total. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Jerry is also a board member of the William D. Ruckelshaus Center. 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. V.P. It is important to find the opening and closing net worth using the same asset value . A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. , It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Compensation rank is based on total compensation for latest fiscal year. Born: c. 1932 Birthplace: Seattle, WA Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Delta Air Lines, 2004-07 Wife: Lyn (four children) University: Yale University (1954) Law School: Harvard Law School (1957) Administrator: Regent, University of Washington (1998-2004) He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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. She did say the couple plan to make some changes. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. "We aren't sure what we will do with it," she said. Will His AI Plans Be Any Different? He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. "Come on," Denny reminded him. Edward H. Bastian is an American business executive. You must have JavaScript enabled to use this form. . Under Review. , The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In summary, during the past 3 months, insiders sold 153,713 shares of PACCAR Inc (PCAR) in total and bought 0 shares, with a net 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. Start a company in the Pacific Northwest. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Then you get to live here.. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. You have to seize something now, something you love, and run with it.". "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Grinstein and his wife Carolyn live in Medina, Washington. On average, Gerald trades about 200 units every 0 days since 2004. why was carrie's sister dropped from king of queens . Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations such as Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. 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. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. [3]. After overseeing the firm's survival through bankruptcy and implementing a . 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. 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. BOX 20574, ATLANTA, GA, 30320. Senator Warren G. Magnuson. The company's only surviving airline, Pinnacle, became Endeavor Air. Grinstein and his wife Carolyn live in Medina, Washington. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including ", "Congress Looks at Possible Delta-US Air Merger. I began to wax Bohemian. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Gerald Grinstein was American air transportation executive. Gerald (Jerry) Grinstein 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. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald Grinstein is the director of The Brink's Co. But opting out of some of these cookies may affect your browsing experience. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." 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. ", "Delta Air Lines needs to cut costs, says CEO. 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 . & CHIEF TECH. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Vice President Paulo Henrique Bolgar Other key executives at Delta Air Lines Inc include The Brink's Co (BCO) "We might remodel, we might start over again. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. After Delta, Mullin has emerged as a leader in both the public and private sectors, serving other companies and continuing to be a philanthropic contributor. (Gerald Grinstein says)(Brief Article). He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. 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. Del Quentin Wilber. This website uses cookies to improve your experience while you navigate through the website. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. of 153,713 shares. On the same date, Thomas H. O'Leary, 54, will become president and chief . He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. a net He was 48. Among his survivors are his wife, Claire, his parents and his brother, Charles. Delta Air Lines is a major American airline. a net 2023 Cascade Public Media. Grinstein received the Railroader of the Year award in 1996. Follow him on Twitter @phardinjackson. Re: BNSF "Gerald Grinstein" business car. We know that Gerald's political affiliation is . Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. ", "Congress Looks at Possible Delta-US Air Merger. Controller Michael E Sweeney George Washington's salary of $25,000 was . HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. Gerald Grinstein for Ed Bastian's 20 year pinning. From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. ATLANTA Gerald Grinstein took the helm of Delta Air Lines at an age when many chief executives have given up the corner office for leisurely days of fly fishing or . "Michael Jordan," Keith said. Wells. He took over as CEO in 2004, when Delta was in a deep financial crisis, after CEO Leo F. Mullin stepped down amid a controversy over executive retirement and cash bonus plans that were deemed excessive. Picture a young-end Baby Boomer as a throwback to . 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). Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. 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 In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. 5Prior-year data. sale He became CEO of Delta in 2004, a time of financial crisis for the airline. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. He became CEO of Delta in 2004, a time of financial crisis for the airline. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. [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. There was a dervish-style coherence to his method, but I was clueless. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. During the past 18 months, 157,206 shares of Delta Air Lines Inc (DAL) were sold and 45,880 shares were bought by its insiders, resulting in a net and , EVP & Chief Financial Officer Daniel C. Janki 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. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. We'll focus on the median and average net worth figures for different age groups: Age of head of family. In the meantime, the Grinsteins are renting a home nearby. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Gerald Grinstein is the director of PACCAR Inc. 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. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. BNSF No. Calculating net worth is one way to gauge financial health. 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. Will Others Follow? Gerald Grinstein. The current estimated net worth of Delta Air Lines Inc's Chief Executive Officer, Gerald Grinstein, is estimated to be about $883.35K .Gerald Grinstein owns . a net When calculating net worth, it may be a positive or negative number. The Grinsteins have had their eye on the mansion for quite a while. What is Gerald Grinstein's Net Worth? 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. 0:01. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. 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). Burlington Northern operated between 1970 and 1996. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 51.5 million families are in this group. Other key executives at The Brink's Co include 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. When the company emerged from Chapter 11 in 2007 . no insider transaction in The Brink's Co (BCO). He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. "The timing seemed right," Lyn Grinstein said. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. EVP & Chief Financial Officer Kurt B Mcmaken Fundamental company data provided by Morningstar, updated daily. no insider transaction in PACCAR Inc (PCAR). [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. why is accuracy important in customer service. Bill Gates bought the place from Sikma in 1993 for $8 million. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. of 111,326 shares. 4. and Gerald Grinstein of Burlington Northern Inc.; . 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. Footnotes: Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. purchase Lyn Grinstein politely declined to say how much the house will cost. 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.. The Grinsteins have had their eye on the mansion for quite a while. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. no insider transaction in Delta Air Lines Inc (DAL). Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. He is the former non-executive chairman of Agilent Technologies and former chairman and CEO of Burlington Northern Inc. (BNI), where he oversaw the companys acquisition of Santa Fe Pacific Corporation, which created the nations largest railroad. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 2004-2023 GuruFocus.com, LLC. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. He was a Board Member of the Seattle Symphony and The Seattle Foundation. This category only includes cookies that ensures basic functionalities and security features of the website. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Gerald Grinstein Net Worth (2022) | wallmine In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). All Rights Reserved. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 6New chief executive; compensation may be for another executive office. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. C.E. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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 72 year old executive ranks 12 within Transportation Chief executive . He reduced his own pay by 25%, to approximately $325,000 per year. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Some of our most successful entrepreneurs are really inventors at heart. Compensation percent change is based on combined salary and bonus. MFAN's Open Letter to the President on the U.S. 30, 2006 stock price. (Gerald Grinstein says)(Brief Article). purchase I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Net worth is the total of one's assets minus total liabilities. The use of the net worth method is demonstrated in the figure below. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. a net 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Necessary cookies are absolutely essential for the website to function properly. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. It was meaningful do-gooderism as an end in itself. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. For example, if someone owes more than the total value of their assets, they have a negative net worth. and Life is short. blockbuster store still open near haarlem. The analogy sounded a little too simple. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Gurus may be added or dropped from the GuruFocus site at any time.

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