Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. Mr. Grinstein has been with the company for one year . During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. 9Received options or restricted stock in lieu of portion of bonus. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. He was 48. Gerald Grinstein. Operating Investors and Operators. He was 48. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. It is computed as the product of the total number of outstanding shares and the price of each share. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton By. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. Peter Jackson is the former editorial-page editor of the Everett Herald. sale 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. 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. 24/7 Wall Street. He was a Board Member of the Seattle Symphony and The Seattle Foundation. 51.5 million families are in this group. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). "Some of our most successful entrepreneurs are really inventors at heart. Lyn Grinstein politely declined to say how much the house will cost. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. ""Our rhetoric was terrific, but the performance wasn't there." . For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. I was acting the obnoxious Hamlet. "The timing seemed right," Lyn Grinstein said. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. a net
Gerald Grinstein | Madrona George Washington's salary of $25,000 was . "I don't think we'll be as interesting.". Here's why, Human Elements: Reviving Indigenous methods of habitat restoration, Kirkland vigil marks one year of war in Ukraine, Pacific Science Center plans to transform its iconic pools, Oh deer: Thriving herds are overcrowding the San Juan Islands, Refuge After War: Vietnamese and Afghan refugees take similar paths, Sign up for the Crosscut Weekly newsletter, This WA bill could make it easier and safer to change your name, WA's government transparency committee is ready to call it quits, WA lawmakers work to keep public records from the public again, At Seattle Opera, A Thousand Splendid Suns burns brightly, ArtSEA: Comedy, dance and bankruptcy, now showing on Seattle stages, Seattle's Third Avenue Project takes a new approach to old problems, Some farmers question WA state's plan to pay workers overtime, Seattle has a Green Lake-sized hole in its tree canopy, study shows, Planting the seeds for Washington's forest restoration efforts, As crypto mines aim for climate action, critics call greenwashing. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone.
Gerald Grinstein profile | Delta News Hub and Compensation rank is based on total compensation for latest fiscal year. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. and Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Over the past 18 months, You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA.
200 + Signatories on MFAN's Open Letter | MFAN 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. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Gerald Grinstein made of 350,919 shares. 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 Its trucks are sold through over 2,300 independent dealers globally. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Gurus may be added or dropped from the GuruFocus site at any time. a net . 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. "The timing seemed right," Lyn Grinstein said. He was beloved by many, many people.. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines.
Delta Air Lines - Wikipedia, la enciclopedia libre sale 7Less than $100,000. (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). and 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. Mr. Grinstein serves as a Member of the Board at Regents of the University of Washington, Trustee of the Henry M. Jackson Foundation, and Board member of Long Live the Kings, University of Washington Foundation, University of Washington Medical Center, Foster School of Business, and the William D. Ruckelshuas Center. 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
Delta exits bankruptcy after 19-month restructuring | Reuters ", "Delta Air Lines needs to cut costs, says CEO. 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. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Gerald Grinstein Strategic Director. 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. We use cookies to provide you with a great experience and to help our website run effectively. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. 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. Email. , Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. He was CEO of Nextel International from 1996 to 1999. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . 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. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. Grinstein received the Railroader of the Year award in 1996.[3]. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. "Until we create an independently supported black institution, a financial safety net, for those . , Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
Gerald Grinstein (born 1932), American air transportation executive During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including
Gerald Grinstein - WikiMili, The Best Wikipedia Reader 3Three-year total. In the meantime, the Grinsteins are renting a home nearby. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. no insider transaction in PACCAR Inc (PCAR). You have to seize something now, something you love, and run with it.". V.P. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. You must have JavaScript enabled to use this form. Over the past 18 months, There isnt anyone in business in Seattle who doesnt know Keith. PACCAR Inc (PCAR) Edward H. Bastian is an American business executive. Stock quotes provided by InterActive Data. 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. Bressler retired in 1990, and Grinstein assumed the additional post of chairman.
Gerald Grinstein Net Worth (2022) - GuruFocus.com The couple already have found a buyer for the $8 million Medina mansion they now call home: family friend and former Burlington Northern Railroad Chairman Gerald Grinstein. a net Gerald Grinstein is the director of The Brink's Co. He reduced his own pay by 25%, to approximately $325,000 per year. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. . We also use third-party cookies that help us analyze and understand how you use this website. What is Gerald Grinstein's Net Worth? ,
Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes The most efficient rank is 1 and least efficient is 189. 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 . Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from .
"Until we create an independently supported black institution, a financial safety net, for those . In 1997, it rebranded as US Airways.
Gerald Grinstein - Wikipedia He was focused, effective, and (and I mean this) understated. It is mandatory to procure user consent prior to running these cookies on your website. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Grinstein received the Railroader of the Year award in 1996.
Gerald Grinstein - Harkness Capital Partners So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Efficiency rank is based on our chief executive's performance/pay score. and Gerald Grinstein of Burlington Northern Inc.; . EVP Daniel J Castillo Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Northwest also performed worse than expected, losing $5.07 a . Keith Grinstein, 1960-2008: Exec had heart for community. Necessary cookies are absolutely essential for the website to function properly.
Edward H. Bastian Net Worth (2023) | wallmine "Michael Jordan," Keith said. 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. Just another site gerald grinstein net worth . 1. 10Includes shares indirectly held. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. ", "Congress Looks at Possible Delta-US Air Merger. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 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.
Net Worth - Overview, How To Calculate, NW Method Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. The 72 year old executive ranks 12 within Transportation Chief executive . 1470: BNSF 1: Gerald Grinstein: Budd: 1952: Business 2 suites, Buffet, w/kitchen lounge: ex-CB&Q: 1471: BNSF 4: Missouri River: Pullman: 1955: Business 2 suites . Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Mr. Grinstein grew up in a prominent Seattle family. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Years later, Keith would rib his former boss, chief-of-staff Denny Miller. That could happen sometime this summer or fall, she says. a net It's a community that's done enormous good, recasting funding priorities and embracing transparency. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. When its one-time expenses were included, Delta lost $7.64 a share. Delta Air Lines Inc (DAL) NA: Not available or not applicable. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. What should I do with my life? Re: BNSF "Gerald Grinstein" business car. 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. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund.
Gerald Grinstein Wikipedia Republished // WIKI 2 His father, Gerald Grinstein, is a former CEO of . Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. The Bottom Line. You also have the option to opt-out of these cookies. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Allen, el hombre que, en la cumbre de su poder, haba detentado los ttulos de presidente, director ejecutivo y gerente general, fue despedido a la edad de 55 aos, sobre todo por haber matado el alma de la empresa. I continued pressing. 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. This website uses cookies to improve your experience while you navigate through the website. Amy Martinez: 206-464-2923 or amartinez@seattletimes.com, 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. 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 purchase
Team | Harkness Capital Partners | Capital and Resources to Support Growth 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 . 2Four-year total. Start a company in the Pacific Northwest.
Profile | Gerald Grinstein, helped pull Delta out of nose dive After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. And he thrives.". 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) By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Keith was, make no mistake, a frenetic presence. Life is short. Median net worth . Above is the net worth, insider trading, and ownership report for Gerald Grinstein.
Bill Gates Set To Sell Old Home To Family Friend Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Footnotes: 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. [8]. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. , Gerald Grinstein Net Worth 2022 and insider trades.
63 Gerald Grinstein Premium High Res Photos - Getty Images Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings.
Presidential wealth: The net worth of every American president - USA TODAY These cookies will be stored in your browser only with your consent. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. 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. , See Jerry Grinstein's compensation, career history, education, & memberships.
Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com Grinstein and his wife Carolyn live in Medina, Washington. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. 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.. John Scott Kirby is an American executive currently serving as CEO of United Airlines. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. 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.