Compensation rank is based on total compensation for latest fiscal year. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Delta Air Lines Inc (DAL) One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. You have to seize something now, something you love, and run with it.". In addition, he makes $615,987 as CEO & Director at Delta Air Lines. sale According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." purchase Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Burlington Northern operated between 1970 and 1996. 3Three-year total. and Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. [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 would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. (Gerald Grinstein says)(Brief Article). [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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". and William Douglas Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Mr. Grinstein grew up in a prominent Seattle family. After six months, he came up for review. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Compensation rank is based on total compensation for latest fiscal year. 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. The route network covered destinations in 47 states, as well as international destinations. Then you get to live here.. and What should I do with my life? 2Four-year total. [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 enjoyed traveling and flying several small airplanes that he owned. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Added: Jun 27, 2019. Since 2001, the annual presidential salary has been set at $400,000. Footnotes: In 2003, much to his surprise, the state's revenue agency presented him with a bill for $25 million, including penalties and interest, for the previous four years' worth of art purchases. . Gerald Grinstein Net Worth (2023) | wallmine Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 10Includes shares indirectly held. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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 . In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). 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. Burlington Northern Santa Fe Railway | Encyclopedia.com He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Businessman Keith Grinstein known for his humor , 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 a net Friends and business associates said Monday they were struggling to cope with the news of his sudden death. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Wallmine is a radically better financial terminal. EVP & Chief Financial Officer Daniel C. Janki of 5,120 shares made by Rohan Pal [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. He was a Board Member of the Seattle Symphony and The Seattle Foundation. 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. , (Gerald Grinstein says)(Brief Article). , ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. ""Our rhetoric was terrific, but the performance wasn't there." BOX 20574, ATLANTA, GA, 30320. NA: Not available or not applicable. . Edward H. Bastian is an American business executive. sale of 17,976 shares. His new salary was set at $17,600. All Rights Reserved. It also operates additional companies that provide associated services. 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. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. This website uses cookies to improve your experience while you navigate through the website. 51.5 million families are in this group. NM: Not meaningful. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . And he thrives.". 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. PACCAR Inc (PCAR) Keith Grinstein, 1960-2008: Exec had heart for community. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. It's a community that's done enormous good, recasting funding priorities and embracing transparency. a net See Jerry Grinstein's compensation, career history, education, & memberships. 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). 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. I was acting the obnoxious Hamlet. Operating Investors and Operators. Keith was, make no mistake, a frenetic presence. The Bottom Line. and Gerald Grinstein of Burlington Northern Inc.; . Other recent insider transactions involving PACCAR Inc (PCAR) include On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz of 111,326 shares. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Average Net Worth by Age: How Do You Compare? - NerdWallet Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. Who Runs Fort Worth? - D Magazine ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). . V.P. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. He was 48. Jerry is also a board member of the William D. Ruckelshaus Center. Harkness Capital Partners Team. 5Prior-year data. Gerald Ronson earned the money being a professional Philanthropist. sale EVP - Chief of Operations John E Laughter Keith Grinstein wheeled and dealt as a high-powered lawyer and executive who earned his spot at the top of Seattle's high-tech and . of 57,951 shares made by Harrie Schippers The Grinsteins have had their eye on the mansion for quite a while. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). The use of the net worth method is demonstrated in the figure below. , Let us take the example of Apple and Amazon. 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Mr. Grinstein grew up in a prominent Seattle family. . Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Gerald Grinstein (born 1932), American air transportation executive , Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. 10 Things You Didn't Know about Delta CEO Edward Bastian - Money Inc . 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." The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com These cookies will be stored in your browser only with your consent. Gerald Grinstein Net Worth (2007) Delta Air Lines Inc Insider Trades However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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 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. In Fort Worth, The Civilized West, . Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Email. . Refer a Friend and Earn One Month of Free Membership. Gerald Grinstein for Ed Bastian's 20 year pinning. He became CEO of Delta in 2004, a time of financial crisis for the airline. ", "Delta Air Lines needs to cut costs, says CEO. ", "Congress Looks at Possible Delta-US Air Merger. "Some of our most successful entrepreneurs are really . BNSF Railway is one of the largest freight railroads in North America. Median net worth . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Wells. Peter Jackson is the former editorial-page editor of the Everett Herald. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. It is mandatory to procure user consent prior to running these cookies on your website. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. (Rob Krebs, president and CEO of Burlington Northern Santa Fe Corp., and former head of Santa Fe prior to the merger; Jerry Grinstein, retired chairman of Burlington Northern Santa Fe Corp.)(Cover Story). trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. ". , Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. sale A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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 . Follow him on Twitter @phardinjackson. OFFICER John N Rich Delta exits bankruptcy after 19-month restructuring | Reuters & CHIEF TECH. 4. We also use third-party cookies that help us analyze and understand how you use this website. He had an incredible sense of humor. We know that Gerald's political affiliation is . 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. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business Grinstein and his wife Carolyn live in Medina, Washington. The Brink's Co (BCO) Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He reduced his own pay by 25%, to approximately $325,000 per year. Methodology: 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. UAL held a 100 percent controlling interest in United Airlines, Inc., one of the world's largest air carriers, and is a founding member of the Star Alliance. , EVP Daniel J Castillo Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. This category only includes cookies that ensures basic functionalities and security features of the website. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. James Moon Whitehurst is an American business executive. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. When calculating net worth, it may be a positive or negative number. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . These cookies do not store any personal information. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel EVP-Chief Cust Experience Offr Allison C Ausband The car was built in 1952 for then CB&Q President Harry Murphy. It has three transcontinental routes that provide rail connections between the western and eastern United States. "What can you say that you did with your life? All content in this area was uploaded by Mark Tatge on Feb 28, 2015 Gerald Grinstein. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. 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. 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 He was just everywhere.. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. a net a net why was carrie's sister dropped from king of queens . 6New chief executive; compensation may be for another executive office. Other key executives at The Brink's Co include gerald grinstein net worth He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. You also have the option to opt-out of these cookies. LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel The 72 year old executive ranks 12 within Transportation Chief executive . George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media Gerald Grinstein - Address & Phone Number | Whitepages