Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. and a net How federal weed legalization would impact Washington state, ArtSEA: Bronze books in Bellevue and a rush of Seattle readings, The egg shortage won't end anytime soon. It was meaningful do-gooderism as an end in itself. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. sale BNSF No. The Grinsteins have had their eye on the mansion for quite a while. of 0 shares. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. 8Received options or restricted stock in lieu of portion of salary. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Bill Gates bought the place from Sikma in 1993 for $8 million. For example, if someone owes more than the total value of their assets, they have a negative net worth. 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. Just another site gerald grinstein net worth 2Four-year total. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. , 9Received options or restricted stock in lieu of portion of bonus. why is accuracy important in customer service. [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. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. These cookies will be stored in your browser only with your consent. I continued pressing. Terms of Use and Privacy Policy. Burlington Northern operated between 1970 and 1996. 7Less than $100,000. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . It also operates additional companies that provide associated services. All Rights Reserved. Median net worth . 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. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. sale "The timing seemed right," Lyn Grinstein said. , 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. AMR Corporation was an airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. Gerald Grinstein made ", 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. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection "I don't think we'll be as interesting.". One of eight North American Class I railroads, BNSF has 35,000 employees, 32,500 miles (52,300km) of track in 28 states, and nearly 8,000 locomotives. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. . Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. He was just everywhere.. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Grinstein received the Railroader of the Year award in 1996.[3]. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Mr. Grinstein has been with the company for one year . He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Mr. Grinstein is a co-founder of Madrona Venture Group. Gerald Grinstein. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Exchange trademark and copyright notices. And he thrives.". 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. We'll focus on the median and average net worth figures for different age groups: Age of head of family. "Until we create an independently supported black institution, a financial safety net, for those . 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. a net That could happen sometime this summer or fall, she says. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 Even before that, every president has been paid well. 4. and Wise counsel from a wise man: Do one thing well. , The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. 6New chief executive; compensation may be for another executive office. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. Author: burlingtonjohn. 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." The Grinsteins have had their eye on the mansion for quite a while. 5Prior-year data. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton He was CEO of Nextel International from 1996 to 1999. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Picture a young-end Baby Boomer as a throwback to . Bar: District of Columbia, Washington. George Washington's salary of $25,000 was . He was 48. sale Sanjay Gupta's net worth is $12 million. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). In Fort Worth, The Civilized West, . Wells. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. I think of Madrona not only as a source of capital but of business strength that takes an innovation and moves it into the marketplace.. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. of 4,880 shares. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 1:06. In summary, during the past 3 months, insiders sold 0 shares of The Brink's Co (BCO) in total and bought 0 shares, with a net Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. 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. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. "We might remodel, we might start over again. Fundamental company data provided by Morningstar, updated daily. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 2004-2023 GuruFocus.com, LLC. It was humbling. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. . What should I do with my life? It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Let us take the example of Apple and Amazon. Northwest also performed worse than expected, losing $5.07 a . Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. ", "Delta Air Lines needs to cut costs, says CEO. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. With the merger that formed The Burlington Northern, the car became the "Mississippi River" and remain in the business car fleet changing name to "Gerald . Other key executives at The Brink's Co include 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) . It was also, again, a $16,000 position. Added: Jun 27, 2019. Gerald Grinstein Net Worth 2022 and insider trades. BNSF Railway is one of the largest freight railroads in North America. [8]. Other recent insider transactions involving The Brink's Co (BCO) include Its trucks are sold through over 2,300 independent dealers globally. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). , sale This website uses cookies to improve your experience while you navigate through the website. of 8,500 shares made by Simon Davis I began to wax Bohemian. 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. and [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. Gerald Grinstein Net Worth (2022) | wallmine 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. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Mr. Grinstein grew up in a prominent Seattle family. 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. no insider transaction in PACCAR Inc (PCAR). Grinstein was the CEO of Delta Air Lines from 2004 to 2007. sale Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Wherever he landed in life or career, Keith was bound to a legacy of service. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. The Bottom Line. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. , 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. Necessary cookies are absolutely essential for the website to function properly. 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. of 17,976 shares. "The timing seemed right," Lyn Grinstein said. 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 is the director of PACCAR Inc. , 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. and She did say the couple plan to make some changes. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. a net ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." 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. Will His AI Plans Be Any Different? In 1997, it rebranded as US Airways. 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. read more (market . , 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. Net worth is the total of one's assets minus total liabilities. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. 74th St., Redmond, WA 98052, or another charity. 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 Grinstein also set about regaining the trust and confidence of Delta's employees. Keith Grinstein wheeled and dealt as a high-powered lawyer and executive who earned his spot at the top of Seattle's high-tech and . 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. But will the Seattle Landmarks Board sign off? Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. He reduced his own pay by 25%, to approximately $325,000 per year. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." He became CEO of Delta in 2004, a time of financial crisis for the airline. Grinstein received the Railroader of the Year award in 1996. He had an incredible sense of humor. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. [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. Efficiency rank is based on our chief executive's performance/pay score. After overseeing the firm's survival through bankruptcy and implementing a . Footnotes: 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. 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)
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