It was an improvement over the first quarter of 2003, when Delta reported $466 million in losses as the Iraq war kicked off and the SARS outbreak in Asia caused international travel to plummet . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Grinstein also set about regaining the trust and confidence of Delta's employees. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. , 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. Mullin achieved particular prominence following the September 11, 2001 tragedy when, with the airline industry on the brink of failure, he served as the chief legislative and public spokesperson for the industrys recovery program. 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. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. By. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. Footnotes: Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Under Review. 5Prior-year data. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. 2023 Harkness Capital Partners | Admin Login, CEO: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Chairman: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Board Member: Aligent Technologies; Light Sciences Corporation; Browning-Ferris Industries; VANS, Inc.; Imperial Sugar Co,; PACCAR Inc.; Sunstrand Corporation; Foundation Bank; ThinkFire Services USA; Portland General Electric Co.; The Brinks Company; Pittston Minerals Group; Vascular Reconditioning Inc; Bax Global; Expedia.com, Private Equity Boards: Kane is Able; Jacobson Companies; Co-Founder, Madrona Investment Group: Advisor, Oak Hill Capital Partners. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. 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) Even before that, every president has been paid well. Delta Air Lines is a major American airline. sale purchase Exchange trademark and copyright notices. of 29,672 shares made by Joanne D Smith The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 1:06. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. 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. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. ", "Delta Air Lines needs to cut costs, says CEO. Mr. Grinstein is a co-founder of Madrona Venture Group. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Some of our most successful entrepreneurs are really inventors at heart. Anderson inherited an angry board of directors and impatient . of 153,713 shares. The first step is to calculate the net worth of the individual at the start and end of the period. 3Three-year total. Other recent insider transactions involving The Brink's Co (BCO) include 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. Efficiency rank is based on our chief executive's performance/pay score. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He was focused, effective, and (and I mean this) understated. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. of 350,919 shares. Net worth totals vary by education, age, income and other factors. purchase 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. Necessary cookies are absolutely essential for the website to function properly. . A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Gerald Ronson earned the money being a professional Philanthropist. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. , EVP-Chief Cust Experience Offr Allison C Ausband Sanjay Gupta's net worth is $12 million. Gerald Grinstein Net Worth 2022 and insider trades. The use of the net worth method is demonstrated in the figure below. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. ", "Congress Looks at Possible Delta-US Air Merger. 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. Gerald Grinstein. and Other key executives at PACCAR Inc include All Rights Reserved. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . He became CEO of Delta in 2004, a time of financial crisis for the airline. of 1,500 shares made by Timothy Joseph Tynan ", "Delta Air Lines needs to cut costs, says CEO. "Until we create an independently supported black institution, a financial safety net, for those . Vice President Paulo Henrique Bolgar Gerald Grinstein is the director of The Brink's Co. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. . And when we say own, we include assets that you may still be paying for, such as a car or a house . But will the Seattle Landmarks Board sign off? [3]. 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. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. He had an incredible sense of humor. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. 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. Musk Made a Mess at Twitter. 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. 1Annualized. During the past 18 months, 350,919 shares of PACCAR Inc (PCAR) were sold and 0 shares were bought by its insiders, resulting in a net a net Then you get to live here.. sale Gerald Grinstein was American air transportation executive. "Some of our most successful entrepreneurs are really . NA: Not available or not applicable. Terms of Use and Privacy Policy. The Brink's Co (BCO) Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including of 3,017 shares made by Todd R Hubbard Gerald Grinstein is the director of PACCAR Inc. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Gerald Grinstein was born on 06/26/1932 and is 90 years old. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. 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 . The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. When its one-time expenses were included, Delta lost $7.64 a share. It was meaningful do-gooderism as an end in itself. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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 At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. a net . Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. This website uses cookies to improve your experience while you navigate through the website. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Over the past 18 months, Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. Hmmm. Methodology: The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. EVP & Chief Financial Officer Daniel C. Janki Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Mr. Grinstein has been with the company for one year . 2004-2023 GuruFocus.com, LLC. Its trucks are sold through over 2,300 independent dealers globally. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. "I don't think we'll be as interesting.". 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. You must have JavaScript enabled to use this form. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. He was a Board Member of the Seattle Symphony and The Seattle Foundation. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. It also operates additional companies that provide associated services. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. 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 . 51.5 million families are in this group. 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. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. [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. no insider transaction in PACCAR Inc (PCAR). Bill Gates bought the place from Sikma in 1993 for $8 million. Grinstein and his wife Carolyn live in Medina, Washington. I was acting the obnoxious Hamlet. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. "Michael Jordan," Keith said. of 8,500 shares made by Simon Davis Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. On average, Gerald trades about 200 units every 0 days since 2004. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Wallmine is a radically better financial terminal. No matter what the situation was, he could always find the light side.. of 32,650 shares made by R Preston Feight Grinstein also set about regaining the trust and confidence of Delta's employees. 1. 2Four-year total. [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. These cookies do not store any personal information. 74th St., Redmond, WA 98052, or another charity. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). With the merger that formed The Burlington Northern, the car became the "Mississippi River" and remain in the business car fleet changing name to "Gerald . Other key executives at Delta Air Lines Inc include Gerald Grinstein made no insider transaction in Delta Air Lines Inc (DAL). A year ago, we served together on a foundation finance committee. By using this website, you agree to our use of cookies. 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. and Gerald Grinstein of Burlington Northern Inc.; . Total returns and value of stock owned (including all classes) is based on Mar. And he thrives.". 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 made some jokes at his own expense and finally leaned forward and said something quasi-Scandanavian, a sentiment that spoke to my Ingmar Bergman-esque soul. He was succeeded by Richard Anderson, a former Northwest Airlines executive. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. 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. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. a net 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. Mr. Grinstein is a graduate of Yale College and Harvard Law School. To witness Keith together with his dad, Gerry, a former hand of Sen. Warren Magnuson and the recent former Delta Air Lines CEO, was to experience the science fiction of H.G. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. 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. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Mr. Grinstein grew up in a prominent Seattle family. 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. When calculating net worth, it may be a positive or negative number. Just another site gerald grinstein net worth He was succeeded by Richard Anderson, a former Northwest Airlines executive. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Wherever he landed in life or career, Keith was bound to a legacy of service. Keith was, make no mistake, a frenetic presence. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Gerald Grinstein Net Worth (2022) | wallmine "Until we create an independently supported black institution, a financial safety net, for those . A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. Median net worth . The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Compensation rank is based on total compensation for latest fiscal year. EVP Daniel J Castillo ", 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. 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. 30, 2006 stock price. Senator Warren G. Magnuson. Mr. Grinstein is a co-founder of Madrona Venture Group. I continued pressing. The car was built in 1952 for then CB&Q President Harry Murphy. 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 Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. 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. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. He became CEO of Delta in 2004, a time of financial crisis for the airline. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. of 57,951 shares made by Harrie Schippers On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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. . It is mandatory to procure user consent prior to running these cookies on your website. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. EVP & Chief Financial Officer Kurt B Mcmaken 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. His father, Gerald Grinstein, is a former CEO of . 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 . sale CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC.

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