Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. It also operates additional companies that provide associated services. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. No matter what the situation was, he could always find the light side.. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Gerald Grinstein is the director of PACCAR Inc. of 5,120 shares made by Rohan Pal Grinstein received the Railroader of the Year award in 1996. a net BOX 20574, ATLANTA, GA, 30320. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. The most efficient rank is 1 and least efficient is 189. a net One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. 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. "We might remodel, we might start over again. Grinstein and his wife Carolyn live in Medina, Washington. I was acting the obnoxious Hamlet. . BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. ", "Delta Air Lines needs to cut costs, says CEO. The company's only surviving airline, Pinnacle, became Endeavor Air. . Longtime friend Nick Hanauer, with whom he started the Seattle venture-capital fund Second Avenue Partners, called Mr. Grinstein a walking Rolodex., He loved to talk and tell jokes and he may have been the funniest guy in Seattle, Hanauer said. sale Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 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). 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. , of 4,880 shares. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Gerald Grinstein made Gerald (Jerry) Grinstein 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. Efficiency rank is based on our chief executive's performance/pay score. Gerald Ronson earned the money being a professional Philanthropist. 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. 10Includes shares indirectly held. When the company emerged from Chapter 11 in 2007 . [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. 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Jerry is also a board member of the William D. Ruckelshaus Center. You also have the option to opt-out of these cookies. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. He was beloved by many, many people.. , A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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. 2Four-year total. What is Gerald Grinstein's Net Worth? 4Less than 0.01%. Grinstein and his wife Carolyn live in Medina, Washington. . Over the past 18 months, You must have JavaScript enabled to use this form. 2023 Cascade Public Media. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. The company filed for bankruptcy protection under Chapter 11 in 2012 and emerged from Chapter 11 in 2013 as a wholly owned subsidiary of Delta Air Lines. 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. According to BRHS Burlington Bulletin #17, when informed that Budd was building a similar car for AT&SF President Fred Gurley (a former Q official), Murphy left the design details of the new car up to the Mechanical . At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Vice President Paulo Henrique Bolgar 1. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. All Rights Reserved. [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. and , On average, Gerald trades about 200 units every 0 days since 2004. 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. Follow him on Twitter @phardinjackson. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. 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." However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. In the meantime, the Grinsteins are renting a home nearby. "Just imagine that you'll only live to be 40," Keith said. 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. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. When its one-time expenses were included, Delta lost $7.64 a share. Among his survivors are his wife, Claire, his parents and his brother, Charles. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 74th St., Redmond, WA 98052, or another charity. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. 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. and Grinstein also set about regaining the trust and confidence of Delta's employees. Grinstein received the Railroader of the Year award in 1996.[3]. ", "Delta Air Lines needs to cut costs, says CEO. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. Hmmm. 0:01. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 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 Gerald Grinstein for Ed Bastian's 20 year pinning. "Until we create an independently supported black institution, a financial safety net, for those . Wallmine is a radically better financial terminal. He became CEO of Delta in 2004, a time of financial crisis for the airline. of 8,500 shares made by Simon Davis He was just everywhere.. purchase sale Delta Air Lines is a major American airline. All Rights Reserved. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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 Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Basketball. Gerald Grinstein. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. He is very patriotic when it comes to his business and personal life. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. [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. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. When calculating net worth, it may be a positive or negative number. "Michael Jordan," Keith said. read more (market . 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. . Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Harkness Capital Partners Team. In Fort Worth, The Civilized West, . Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. a net The Bottom Line. Sanjay Gupta's net worth is $12 million. V.P. sale Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Lyn Grinstein politely declined to say how much the house will cost. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. It was also, again, a $16,000 position. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 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 is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. blockbuster store still open near haarlem. ". 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. He became CEO of Delta in 2004, a time of financial crisis for the airline. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. After overseeing the firm's survival through bankruptcy and implementing a . Compensation rank is based on total compensation for latest fiscal year. 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. Analysts predicted a loss of $4.76 a share excluding special items. ", "Congress Looks at Possible Delta-US Air Merger. The Brink's Co (BCO) ""Our rhetoric was terrific, but the performance wasn't there." From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Just another site gerald grinstein net worth It is important to find the opening and closing net worth using the same asset value . sale 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. sale Primary Income source Philanthropist (profession). no insider transaction in Delta Air Lines Inc (DAL). 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 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. WOODS) BNSF 1 Gerald Grinstein - (E.C. 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. Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006 9Received options or restricted stock in lieu of portion of bonus. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. There was a dervish-style coherence to his method, but I was clueless. It's a community that's done enormous good, recasting funding priorities and embracing transparency. 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 He took over as CEO in 2004, when Delta was in a deep financial crisis, after CEO Leo F. Mullin stepped down amid a controversy over executive retirement and cash bonus plans that were deemed excessive. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. "Come on," Denny reminded him. Net worth is the total of one's assets minus total liabilities. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. 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. He previously served as President of US Airways and American Airlines, as well as President of United Airlines from 2016 to 2020, when he was promoted as CEO. Mr. Grinstein is a co-founder of Madrona Venture Group. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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 co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 Controller Michael E Sweeney When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. 1Annualized. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). 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. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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. 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. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. 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 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. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Gerald Grinstein Total Compensation $0.45 mil (#490) 5-Year Compensation Total NA Gerald Grinstein has been CEO of Delta Air Lines for 2 years. 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. Picture a young-end Baby Boomer as a throwback to . purchase 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. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. WOODS) BNSF 1 Gerald Grinstein - (J. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. "Some of our most successful entrepreneurs are really inventors at heart. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Other recent insider transactions involving PACCAR Inc (PCAR) include He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. Del Quentin Wilber. Wherever he landed in life or career, Keith was bound to a legacy of service. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. This category only includes cookies that ensures basic functionalities and security features of the website. 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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Just another site gerald grinstein net worth What should I do with my life? ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. EVP & Chief Financial Officer Daniel C. Janki 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. 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. His father, Gerald Grinstein, is a former CEO of . In 1997, it rebranded as US Airways. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Northwest also performed worse than expected, losing $5.07 a . The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Bill Gates bought the place from Sikma in 1993 for $8 million. MFAN's Open Letter to the President on the U.S. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. EVP & Chief Financial Officer Kurt B Mcmaken 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 . Gerald Grinstein is the director of The Brink's Co. 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. , Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. By using this website, you agree to our use of cookies. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Senator Warren G. Magnuson. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. Gerald Grinstein was American air transportation executive. , 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The Grinsteins have had their eye on the mansion for quite a while. 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. 4. And he thrives.". 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 . Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Mr. Grinstein has been with the company for one year . Musk Made a Mess at Twitter. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). 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. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306.