Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Gerald Grinstein - The William D. Ruckelshaus Center I was acting the obnoxious Hamlet. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. Its trucks are sold through over 2,300 independent dealers globally. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Other recent insider transactions involving The Brink's Co (BCO) include Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Necessary cookies are absolutely essential for the website to function properly. blockbuster store still open near haarlem. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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. 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.. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Net worth is the total of one's assets minus total liabilities. Seattle Times researcher David Turim contributed to this story. 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. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 8Received options or restricted stock in lieu of portion of salary. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Other key executives at The Brink's Co include Gurus may be added or dropped from the GuruFocus site at any time. Delta Air Lines Emerges From Bankruptcy | Fox News 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. Past performance is a poor indicator of future performance. 10 Things You Didn't Know about Delta CEO Edward Bastian - Money Inc The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. sale Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. of 5,120 shares made by Rohan Pal Sanjay Gupta's net worth is $12 million. These cookies will be stored in your browser only with your consent. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. The analogy sounded a little too simple. "I don't think we'll be as interesting.". It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. The first step is to calculate the net worth of the individual at the start and end of the period. Jerry is also a board member of the William D. Ruckelshaus Center. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Gerald Grinstein - WikiMili, The Best Wikipedia Reader sale He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. Businessman Keith Grinstein known for his humor Profile | Gerald Grinstein, helped pull Delta out of nose dive Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. EVP - Chief of Operations John E Laughter (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. He had an incredible sense of humor. Gerald Grinstein. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Other key executives at Delta Air Lines Inc include ""Our rhetoric was terrific, but the performance wasn't there." Senator Warren G. Magnuson. Peter Jackson is the former editorial-page editor of the Everett Herald. BNSF 1 Gerald Grinstein - (SLIDER JAKE) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (J. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. . 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was focused, effective, and (and I mean this) understated. 63 Gerald Grinstein Premium High Res Photos - Getty Images Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. 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. He was the President at IBM and chair of the board at Red Hat, and previously Chief Executive Officer at Red Hat and Chief Operating Officer at Delta Air Lines. When the company emerged from Chapter 11 in 2007 . 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. 30, 2006 stock price. EVP & Chief Financial Officer Daniel C. Janki Follow him on Twitter @phardinjackson. . 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. A year ago, we served together on a foundation finance committee. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. ", 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. Northwest also performed worse than expected, losing $5.07 a . 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. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." gerald grinstein net worth - anmolsahota.com According to Wikipedia, Forbes, IMDb & Various Online resources, famous Philanthropist Gerald Ronson's net worth is $1-5 Million at the age of 80 years old. 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. I began to wax Bohemian. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Gerald Grinstein Wikipedia Republished // WIKI 2 Edward H. Bastian Net Worth (2023) | wallmine When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. . . Gerald Grinstein Net Worth The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. The company's only surviving airline, Pinnacle, became Endeavor Air. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. and 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. 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 . According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Bill Gates bought the place from Sikma in 1993 for $8 million. of 153,713 shares. Vice President Paulo Henrique Bolgar This investment adviser does not provide advice to individual investors. Average Net Worth by Age: How Do You Compare? - NerdWallet He became CEO of Delta in 2004, a time of financial crisis for the airline. In 1997, it rebranded as US Airways. Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography 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. . Bar: District of Columbia, Washington. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Gerald Ronson earned the money being a professional Philanthropist. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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. The Grinsteins have had their eye on the mansion for quite a while. Gerald Grinstein made Gerald Grinstein is the director of PACCAR Inc. "We aren't sure what we will do with it," she said. 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. of 3,017 shares made by Todd R Hubbard She did say the couple plan to make some changes. Grinstein's wife, Lyn, says they're ready to move into the 14-room, waterfront house just as soon as the Gateses are ready to move out. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. BNSF No. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $32,120 and over the last 19 years Gerald sold DAL stock worth over $0. 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. James Moon Whitehurst is an American business executive. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 4Less than 0.01%. Delta exits bankruptcy after 19-month restructuring | Reuters Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Gerald Grinstein Net Worth (2022) | wallmine a net All Rights Reserved. Mr. Grinstein is a co-founder of Madrona Venture Group. no insider transaction in PACCAR Inc (PCAR). BOX 20574, ATLANTA, GA, 30320. George Washington's salary of $25,000 was . [8]. Edward H. Bastian is an American business executive. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The Brink's Co (BCO) 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. Just another site gerald grinstein net worth [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Grinstein also set about regaining the trust and confidence of Delta's employees. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Gerald Grinstein made Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Grinstein received the Railroader of the Year award in 1996. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. Gerald Grinstein was American air transportation executive. Delta Air Lines is a major American airline. . 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. In 1997 Harris and Steve Wolf signed a strategic agreement between Air Canada and United Airlines, producing what is now the Star Alliance, which grew to become the world's largest global airline alliance. Gerald Grinstein Net Worth (2022) | wallmine 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. 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. Other recent insider transactions involving PACCAR Inc (PCAR) include Wherever he landed in life or career, Keith was bound to a legacy of service. "That was a 10 percent raise!". a net The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. and Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Lyn Grinstein politely declined to say how much the house will cost. OFFICER John N Rich a net , Gerald Grinstein. Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details You also have the option to opt-out of these cookies. 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) Efficiency rank is based on our chief executive's performance/pay score. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 1:06. and Gerald Grinstein of Burlington Northern Inc.; . AMR filed for Chapter11 bankruptcy protection in November 2011. 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. The Air Line Pilots Association, International (ALPA) is the largest pilot union in the world, representing more than 59,000 pilots from 35 U.S. and Canadian airlines. 10Includes shares indirectly held. "Until we create an independently supported black institution, a financial safety net, for those . Burlington Northern operated between 1970 and 1996. See Jerry Grinstein's compensation, career history, education, & memberships. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Most recently, Mr. Grinstein was chairman of Coinstar, a Bellevue-based operator of coin-counting machines, as well as a director of Seattle technology company F5 Networks and Tacoma-based staffing agency TrueBlue. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. It is important to find the opening and closing net worth using the same asset value . [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. 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. [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. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting 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 Mr. Grinstein grew up in a prominent Seattle family. Methodology: 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. sale Author: burlingtonjohn. ", "Delta Air Lines needs to cut costs, says CEO. 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 . Gerald Grinstein has been CEO of Delta Air Lines for 1 years. The car was built in 1952 for then CB&Q President Harry Murphy. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Email. Compensation rank is based on total compensation for latest fiscal year. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. David Brown Controller Michael E Sweeney Over the past 18 months, Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. [3]. But opting out of some of these cookies may affect your browsing experience. You have to seize something now, something you love, and run with it.". , Mr. Grinstein is a co-founder of Madrona Venture Group. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. BNSF Railway is one of the largest freight railroads in North America. 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. Gerald Grinstein - Harkness Capital Partners Gerald Grinstein: Turbulenzen statt Ruhestand - Politik - FAZ ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Exchange trademark and copyright notices. Bill Gates Set To Sell Old Home To Family Friend Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. 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. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. of 111,326 shares. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Since 2001, the annual presidential salary has been set at $400,000. BNSF Business Cars For example, if someone owes more than the total value of their assets, they have a negative net worth. 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. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. sale Delta Air Lines - Wikipedia, la enciclopedia libre It was Keith's public-service baptism, the ballast for later life. Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on