Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 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. Let us take the example of Apple and Amazon. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). ". 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. These cookies will be stored in your browser only with your consent. a net purchase , of 1,500 shares made by Timothy Joseph Tynan [8]. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Will His AI Plans Be Any Different? 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. of 22,000 shares made by David S Taylor Sanjay Gupta's net worth is $12 million. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. a net 3Three-year total. In Fort Worth, The Civilized West, . Basketball. 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. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. of 350,919 shares. 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. (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). Total returns and value of stock owned (including all classes) is based on Mar. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Gerald Grinstein Net Worth (2022) | wallmine (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). . Other key executives at Delta Air Lines Inc include Median net worth . After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Gerald Grinstein was American air transportation executive. 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) . Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. sale EVP & Chief Financial Officer Daniel C. Janki Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Gerald Grinstein. Wallmine is a radically better financial terminal. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. 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. "The timing seemed right," Lyn Grinstein said. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. See Jerry Grinstein's compensation, career history, education, & memberships. 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 . He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 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. In addition to his work in medicine and broadcast journalism, he has . of 5,120 shares made by Rohan Pal The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Methodology: Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. He is very patriotic when it comes to his business and personal life. 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. I was acting the obnoxious Hamlet. "Until we create an independently supported black institution, a financial safety net, for those . 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. read more (market . ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. 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. "What can you say that you did with your life? 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. 9Received options or restricted stock in lieu of portion of bonus. 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. . 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 . Efficiency rank is based on our chief executive's performance/pay score. All Rights Reserved. But opting out of some of these cookies may affect your browsing experience. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). We also use third-party cookies that help us analyze and understand how you use this website. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. California Weighs $360,000 in Reparations to Eligible Black Residents. , sale of 153,713 shares. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). No matter what the situation was, he could always find the light side.. 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. of 4,880 shares. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. , The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. It was also, again, a $16,000 position. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. The Grinsteins have had their eye on the mansion for quite a while. Gerald Grinstein. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Bar: District of Columbia, Washington. 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. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. It is important to find the opening and closing net worth using the same asset value . a net The information on this site is in no way guaranteed for completeness, accuracy or in any other way. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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). 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. Even before that, every president has been paid well. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. a net Pinnacle Airlines Corporation was an American holding company headquartered in Memphis, Tennessee, and was the parent company of Pinnacle Airlines and Colgan Air until Colgan was closed down in 2012. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. After overseeing the firm's survival through bankruptcy and implementing a . blockbuster store still open near haarlem. . of 0 shares. Gerald Grinstein is the director of PACCAR Inc. Gerald Grinstein. Musk Made a Mess at Twitter. 5Prior-year data. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. EVP & Chief Financial Officer Kurt B Mcmaken Gerald Grinstein Net Worth (2022) | wallmine "We aren't sure what we will do with it," she said. The company's only surviving airline, Pinnacle, became Endeavor Air. 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. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. . Gerald Ronson earned the money being a professional Philanthropist. sale of 24,590 shares made by William C Carroll Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. There was a dervish-style coherence to his method, but I was clueless. Necessary cookies are absolutely essential for the website to function properly. Wise counsel from a wise man: Do one thing well. 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. NA: Not available or not applicable. Im kind of in shock still, said Rick Yoder, owner of the Wild Ginger restaurant in downtown Seattle, where Mr. Grinstein was both an investor and regular patron. He was 48. Wells. 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 first step is to calculate the net worth of the individual at the start and end of the period. 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. sale sale Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. Gerald Grinstein for Ed Bastian's 20 year pinning. 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. Over the past 18 months, OFFICER John N Rich Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. To witness Keith together with his dad, Gerry, a former hand of Sen. Warren Magnuson and the recent former Delta Air Lines CEO, was to experience the science fiction of H.G. Operating Investors and Operators. 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 The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. It was humbling. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. I continued pressing. PACCAR Inc (PCAR) He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. & CHIEF TECH. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Footnotes: They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). sale He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Picture a young-end Baby Boomer as a throwback to . You also have the option to opt-out of these cookies. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. He had an incredible sense of humor. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. , Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. And he thrives.". [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. GuruFocus.com is not operated by a broker or a dealer. 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. (Gerald Grinstein says)(Brief Article). and 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. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. , Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Burlington Northern operated between 1970 and 1996. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). a net Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. David Brown The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. By using this website, you agree to our use of cookies. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Northwest also performed worse than expected, losing $5.07 a . Fundamental company data provided by Morningstar, updated daily. 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. 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 Del Quentin Wilber. 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. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. His new salary was set at $17,600. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. The analogy sounded a little too simple. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Things didn't work out as Grinstein had hoped. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. of 29,672 shares made by Joanne D Smith Other key executives at The Brink's Co include and He became CEO of Delta in 2004, a time of financial crisis for the airline. Harkness Capital Partners Team. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. Gerald Grinstein made Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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.. 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. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. WOODS) BNSF 1 Gerald Grinstein - (J. 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 . purchase In 1997, it rebranded as US Airways. ", "Congress Looks at Possible Delta-US Air Merger. NM: Not meaningful. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Keith was, make no mistake, a frenetic presence. 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. 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. Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. gerald grinstein net worth. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. We know that Gerald's political affiliation is . Since 2001, the annual presidential salary has been set at $400,000. 4. 10Includes shares indirectly held. EVP - Chief of Operations John E Laughter It has three transcontinental routes that provide rail connections between the western and eastern United States. 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. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. The car was built in 1952 for then CB&Q President Harry Murphy. Mr. Grinstein grew up in a prominent Seattle family. When its one-time expenses were included, Delta lost $7.64 a share. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. AMR filed for Chapter11 bankruptcy protection in November 2011. Seattle Times researcher David Turim contributed to this story. EVP Daniel J Castillo 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. 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. 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Grinstein and his wife Carolyn live in Medina, Washington. 6New chief executive; compensation may be for another executive office. EVP-Chief Cust Experience Offr Allison C Ausband Other recent insider transactions involving The Brink's Co (BCO) include 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 There isnt anyone in business in Seattle who doesnt know Keith. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. ", "Congress Looks at Possible Delta-US Air Merger. For example, if someone owes more than the total value of their assets, they have a negative net worth. 1Annualized. 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. The route network covered destinations in 47 states, as well as international destinations. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. 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.
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