Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. 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. and Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). EVP Daniel J Castillo OFFICER John N Rich From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. Gerald Grinstein Strategic Director. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. GuruFocus.com is not operated by a broker or a dealer. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. 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 Other recent insider transactions involving PACCAR Inc (PCAR) include WOODS) BNSF 1 Gerald Grinstein - (E.C. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Compensation percent change is based on combined salary and bonus. C.E. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. She did say the couple plan to make some changes. 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. Delta Air Lines is a major American airline. The current estimated net worth of Delta Air Lines Inc's Chief Executive Officer, Gerald Grinstein, is estimated to be about $883.35K .Gerald Grinstein owns . "Some of our most successful entrepreneurs are really . It was meaningful do-gooderism as an end in itself. purchase Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. a net Grinstein and his wife Carolyn live in Medina, Washington. 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 , Other recent insider transactions involving The Brink's Co (BCO) include 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. 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. Its trucks are sold through over 2,300 independent dealers globally. Mr. Grinstein grew up in a prominent Seattle family. ", "Delta Air Lines needs to cut costs, says CEO. What is Gerald Grinstein's Net Worth? Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. 4Less than 0.01%. Grinstein received the Railroader of the Year award in 1996.[3]. Fundamental company data provided by Morningstar, updated daily. [3]. , At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Over the past 18 months, On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. PACCAR Inc (PCAR) 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. Will His AI Plans Be Any Different? Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Gerald Grinstein. 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. [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 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 company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. purchase Other recent insider transactions involving Delta Air Lines Inc (DAL) include 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). 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. [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 Grinsteins have had their eye on the mansion for quite a while. ", "Delta Air Lines needs to cut costs, says CEO. When calculating net worth, it may be a positive or negative number. sale He was focused, effective, and (and I mean this) understated. The 72 year old executive ranks 12 within Transportation Chief executive . ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. "What can you say that you did with your life? Footnotes: 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. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). Necessary cookies are absolutely essential for the website to function properly. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Will Others Follow? Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." 1:06. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Life is short. 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 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) Gurus may be added or dropped from the GuruFocus site at any time. All Rights Reserved. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. But opting out of some of these cookies may affect your browsing experience. 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. 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. 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. no insider transaction in Delta Air Lines Inc (DAL). On the same date, Thomas H. O'Leary, 54, will become president and chief . and 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 The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. V.P. 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. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. Then you get to live here.. Net worth totals vary by education, age, income and other factors. 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. It is mandatory to procure user consent prior to running these cookies on your website. [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. Net worth is the total of one's assets minus total liabilities. Other key executives at The Brink's Co include See Jerry Grinstein's compensation, career history, education, & memberships. Primary Income source Philanthropist (profession). Gerald Grinstein made BOX 20574, ATLANTA, GA, 30320. By using this website, you agree to our use of cookies. It is computed as the product of the total number of outstanding shares and the price of each share. 74th St., Redmond, WA 98052, or another charity. 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. , . blockbuster store still open near haarlem. of 22,000 shares made by David S Taylor Compensation rank is based on total compensation for latest fiscal year. These cookies do not store any personal information. Just another site gerald grinstein net worth In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. a net sale Mr. Grinstein is a co-founder of Madrona Venture Group. Median net worth . He became CEO of Delta in 2004, a time of financial crisis for the airline. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. 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 Compensation rank is based on total compensation for latest fiscal year. 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 . Analysts predicted a loss of $4.76 a share excluding special items. and [8], ""Our rhetoric was terrific, but the performance wasn't there." He was beloved by many, many people.. We also use third-party cookies that help us analyze and understand how you use this website. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Follow him on Twitter @phardinjackson. 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. of 4,880 shares. The first step is to calculate the net worth of the individual at the start and end of the period. He reduced his own pay by 25%, to approximately $325,000 per year. He was 48. 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. In the meantime, the Grinsteins are renting a home nearby. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. That could happen sometime this summer or fall, she says. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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). The Grinsteins have had their eye on the mansion for quite a while. . EVP & Chief Financial Officer Kurt B Mcmaken Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. For example, if someone owes more than the total value of their assets, they have a negative net worth. 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. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. In Fort Worth, The Civilized West, . Hollis Loyd Harris served as President and COO of Delta Air Lines (1987-1990) and Chairman, President, and CEO of Continental Airlines (1990-1991), Air Canada (1992-1996), and World Airways (1999-2004). . Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. 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 . of 3,017 shares made by Todd R Hubbard You must have JavaScript enabled to use this form. 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. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Mr. Grinstein is a co-founder of Madrona Venture Group. After six months, he came up for review. In addition to his work in medicine and broadcast journalism, he has . , California Weighs $360,000 in Reparations to Eligible Black Residents. This category only includes cookies that ensures basic functionalities and security features of the website. sale It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Some of our most successful entrepreneurs are really inventors at heart. Wherever he landed in life or career, Keith was bound to a legacy of service. "Until we create an independently supported black institution, a financial safety net, for those . 4. Other key executives at PACCAR Inc include "The timing seemed right," Lyn Grinstein said. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. , The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. All Rights Reserved. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. [8]. He became CEO of Delta in 2004, a time of financial crisis for the airline. What should I do with my life? 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Gerald Grinstein made Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. of 0 shares. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Edward H. Bastian is an American business executive. Anderson inherited an angry board of directors and impatient . . 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. Bill Gates bought the place from Sikma in 1993 for $8 million. There won't be a "For Sale" sign swinging in front of Bill and Melinda Gates' house when they move to their new high-tech estate. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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.
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