[8], ""Our rhetoric was terrific, but the performance wasn't there." From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Compensation rank is based on total compensation for latest fiscal year. In summary, during the past 3 months, insiders sold 153,713 shares of PACCAR Inc (PCAR) in total and bought 0 shares, with a net All Rights Reserved. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Other recent insider transactions involving The Brink's Co (BCO) include Just another site gerald grinstein net worth This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. of 4,880 shares. It is mandatory to procure user consent prior to running these cookies on your website. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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. Life is short. But will the Seattle Landmarks Board sign off? He was succeeded by Richard Anderson, a former Northwest Airlines executive. Relative to market is the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the S&P 500 (a score of 100 = the S&P 500). Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The use of the net worth method is demonstrated in the figure below. Delta Air Lines is a major American airline. ", "Congress Looks at Possible Delta-US Air Merger. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. 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. David Brown 1Annualized. Wherever he landed in life or career, Keith was bound to a legacy of service. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. sale 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. 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. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. . Just another site gerald grinstein net worth 1. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. After overseeing the firm's survival through bankruptcy and implementing a . Controller Michael E Sweeney After six months, he came up for review. Bill Gates bought the place from Sikma in 1993 for $8 million. [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. 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.. 24/7 Wall Street. OFFICER John N Rich 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. Musk Made a Mess at Twitter. 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. gerald grinstein net worth. See Jerry Grinstein's compensation, career history, education, & memberships. 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. There isnt anyone in business in Seattle who doesnt know Keith. Gerald Grinstein. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. 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. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. 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. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Past performance is a poor indicator of future performance. Senator Warren G. Magnuson. He was a Board Member of the Seattle Symphony and The Seattle Foundation. 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. Grinstein and his wife Carolyn live in Medina, Washington. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. WOODS) BNSF 1 Gerald Grinstein - (J. It also operates additional companies that provide associated services. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. BOX 20574, ATLANTA, GA, 30320. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Prior to working at Delta in 2001, he served as Vice President and Director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. 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 a net The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. BNSF Railway is one of the largest freight railroads in North America. 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. 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. After overseeing the firm's survival through bankruptcy and implementing a . Friends and business associates said Monday they were struggling to cope with the news of his sudden death. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Terms of Use and Privacy Policy. Delta Air Lines Inc (DAL) A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. , Gerald Ronson is from British. He is very patriotic when it comes to his business and personal life. He led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. Over the past 18 months, . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. a net It was meaningful do-gooderism as an end in itself. AMR filed for Chapter11 bankruptcy protection in November 2011. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. . You must have JavaScript enabled to use this form. There was a dervish-style coherence to his method, but I was clueless. 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. Gerald Grinstein made It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. , He was 48. Over the past 18 months, 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. 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. 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. Mr. Grinstein grew up in a prominent Seattle family. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. 4. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. [6], Grinstein retired in the summer of 2007,[7] allocating his bankruptcy emergence stock grants to establish a scholarship fund for Delta employees and their children and a hardship fund for Delta families. Mr. Grinstein is a co-founder of Madrona Venture Group. Del Quentin Wilber. of 17,976 shares. "He does just one thing. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. sale Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Gerald Grinstein was born on 06/26/1932 and is 90 years old. 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. Lyn Grinstein politely declined to say how much the house will cost. Compensation rank is based on total compensation for latest fiscal year. 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. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. This investment adviser does not provide advice to individual investors. The route network covered destinations in 47 states, as well as international destinations. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. sale of 350,919 shares. Re: BNSF "Gerald Grinstein" business car. 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He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. Added: Jun 27, 2019. of 1,500 shares made by Timothy Joseph Tynan Gerald Grinstein made Bar: District of Columbia, Washington. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Start a company in the Pacific Northwest. "The timing seemed right," Lyn Grinstein said. 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. It was also, again, a $16,000 position. 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 gurus listed in this website are not affiliated with GuruFocus.com, LLC. Picture a young-end Baby Boomer as a throwback to . 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 6New chief executive; compensation may be for another executive office. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. He became CEO of Delta in 2004, a time of financial crisis for the airline. All Rights Reserved. purchase 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 ", "Congress Looks at Possible Delta-US Air Merger. Analysts predicted a loss of $4.76 a share excluding special items. Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations such as Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Gerald Grinstein is the director of The Brink's Co. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! "That was a 10 percent raise!". Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Seattle Times researcher David Turim contributed to this story. Mr. Grinstein is a graduate of Yale College and Harvard Law School. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. 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 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) . From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. These cookies will be stored in your browser only with your consent. 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. Follow him on Twitter @phardinjackson. "Until we create an independently supported black institution, a financial safety net, for those . ", 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. The car was built in 1952 for then CB&Q President Harry Murphy. Gerald Grinstein Net Worth (2022) | wallmine LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Son complemented father, both emblematic of service above self; each was shrewd at tackling complex problems while highlighting the absurdity of certain politicians and other inflated egos. The most efficient rank is 1 and least efficient is 189. 74th St., Redmond, WA 98052, or another charity. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. of 29,672 shares made by Joanne D Smith Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 1. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Since 2001, the annual presidential salary has been set at $400,000. purchase Basketball. He became CEO of Delta in 2004, a time of financial crisis for the airline. California Weighs $360,000 in Reparations to Eligible Black Residents. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). of 24,590 shares made by William C Carroll In the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. 5Prior-year data. [6], Grinstein retired in the summer of 2007, [7] allocating his bankruptcy emergence stock grants to establish a scholarship fund for Delta employees and their children and a hardship fund for Delta families. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. "I don't think we'll be as interesting.". . Keith Grinstein, 1960-2008: Exec had heart for community. 1:06. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. He was focused, effective, and (and I mean this) understated. 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. What should I do with my life? & CHIEF TECH. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Gerald Grinstein Net Worth 2022 and insider trades. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. no insider transaction in Delta Air Lines Inc (DAL). 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 information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. When its one-time expenses were included, Delta lost $7.64 a share. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Gurus may be added or dropped from the GuruFocus site at any time. Thomas W. Horton is a partner of Global Infrastructure Partners and is lead director at Walmart Inc. and General Electric Corp. United Airlines is the third largest airline in the world, with 86,852 employees and 721 aircraft. The company's only surviving airline, Pinnacle, became Endeavor Air. 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. and 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 9Received options or restricted stock in lieu of portion of bonus. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. For example, if someone owes more than the total value of their assets, they have a negative net worth. , 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. and US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. This category only includes cookies that ensures basic functionalities and security features of the website. [3]. "Come on," Denny reminded him. [8]. By using this website, you agree to our use of cookies. 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. blockbuster store still open near haarlem. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. , sale Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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. Keith was, make no mistake, a frenetic presence. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Gerald Grinstein for Ed Bastian's 20 year pinning. He became CEO of Delta in 2004, a time of financial crisis for the airline. What is Gerald Grinstein's Net Worth? 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. Bressler continued as chairman of Burlington Northern and Burlington Resources, while Gerald Grinstein, who had been vice-chairman of both companies, became Burlington Northern ' s president and chief executive officer in 1989. On the same date, Thomas H. O'Leary, 54, will become president and chief . EVP Daniel J Castillo A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. And when we say own, we include assets that you may still be paying for, such as a car or a house . Other recent insider transactions involving PACCAR Inc (PCAR) include Even before that, every president has been paid well. BNSF No. sale 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. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He reduced his own pay by 25%, to approximately $325,000 per year. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.