gerald grinstein net worth

(Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. We use cookies to provide you with a great experience and to help our website run effectively. 2Four-year total. of 3,017 shares made by Todd R Hubbard Stock quotes provided by InterActive Data. He was focused, effective, and (and I mean this) understated. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. How federal weed legalization would impact Washington state, ArtSEA: Bronze books in Bellevue and a rush of Seattle readings, The egg shortage won't end anytime soon. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. of 0 shares. 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. 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. Net worth totals vary by education, age, income and other factors. 9Received options or restricted stock in lieu of portion of bonus. AMR Corporation was an airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. "What can you say that you did with your life? Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. of 111,326 shares. 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. 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. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Over the past 18 months, CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Just another site gerald grinstein net worth no insider transaction in The Brink's Co (BCO). This category only includes cookies that ensures basic functionalities and security features of the website. He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. , ", "Delta Air Lines needs to cut costs, says CEO. Harkness Capital Partners Team. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. 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. When the company emerged from Chapter 11 in 2007 . 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. 7Less than $100,000. 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. Vice President Paulo Henrique Bolgar The route network covered destinations in 47 states, as well as international destinations. Gerald Grinstein is the director of PACCAR Inc. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Median net worth . We know that Gerald's political affiliation is . They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Other recent insider transactions involving The Brink's Co (BCO) include In summary, during the past 3 months, insiders sold 153,713 shares of PACCAR Inc (PCAR) in total and bought 0 shares, with a net no insider transaction in Delta Air Lines Inc (DAL). and Author: burlingtonjohn. Calculating net worth is one way to gauge financial health. Wherever he landed in life or career, Keith was bound to a legacy of service. "I don't think we'll be as interesting.". Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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. sale 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. a net They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. It was humbling. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Even before that, every president has been paid well. sale Compensation rank is based on total compensation for latest fiscal year. 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. . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Just another site gerald grinstein net worth He was a Board Member of the Seattle Symphony and The Seattle Foundation. He had an incredible sense of humor. Controller Michael E Sweeney Gerald Grinstein Net Worth 2022 and insider trades. sale The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. It was Keith's public-service baptism, the ballast for later life. PACCAR Inc (PCAR) Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 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. 1. Mr. Grinstein has been with the company for one year . 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. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. He reduced his own pay by 25%, to approximately $325,000 per year. He was 48. ", "Congress Looks at Possible Delta-US Air Merger. OFFICER John N Rich After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. sale Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Refer a Friend and Earn One Month of Free Membership. sale a net ". , a net , The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 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. 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 On the same date, Thomas H. O'Leary, 54, will become president and chief . Grinstein received the Railroader of the Year award in 1996.[3]. , Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. of 24,590 shares made by William C Carroll Grinstein received the Railroader of the Year award in 1996. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. "That was a 10 percent raise!". 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. 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. 3Three-year total. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. You have to seize something now, something you love, and run with it.". Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. "Until we create an independently supported black institution, a financial safety net, for those . Gerald Grinstein made Most recently, Mr. Grinstein was chairman of Coinstar, a Bellevue-based operator of coin-counting machines, as well as a director of Seattle technology company F5 Networks and Tacoma-based staffing agency TrueBlue. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. 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 . No matter what the situation was, he could always find the light side.. Lyn Grinstein politely declined to say how much the house will cost. EVP Daniel J Castillo I was acting the obnoxious Hamlet. See Jerry Grinstein's compensation, career history, education, & memberships. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. Delta Air Lines Inc (DAL) You also have the option to opt-out of these cookies. Although these initiatives were largely successful, upward pressure on fuel prices and fierce competition from low-cost carriers continued to keep Delta perilously close to bankruptcy. Compensation percent change is based on combined salary and bonus. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. 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. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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Operating Investors and Operators. 10Includes shares indirectly held. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). Other recent insider transactions involving Delta Air Lines Inc (DAL) include 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. and Gerald Grinstein of Burlington Northern Inc.; . 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. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. She did say the couple plan to make some changes. of 153,713 shares. Other key executives at Delta Air Lines Inc include MFAN's Open Letter to the President on the U.S. of 4,880 shares. It may be a sin to use the subjunctive tense, especially about a life interrupted, but Keith's biography would have tracked with the Northwest's Jim Ellis and Eddie Carlson, innovators who knit together business savvy, public vision, and community values. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Seattle Times researcher David Turim contributed to this story. He was beloved by many, many people.. Jerry is also a board member of the William D. Ruckelshaus Center. . Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 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 . He was 48. 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. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. 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. Among his survivors are his wife, Claire, his parents and his brother, Charles. Gerald Ronson earned the money being a professional Philanthropist. , It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. The Brink's Co (BCO) The car was built in 1952 for then CB&Q President Harry Murphy. [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. GuruFocus.com is not operated by a broker or a dealer. Other recent insider transactions involving PACCAR Inc (PCAR) include Over the past 18 months, Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. . [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. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. why was carrie's sister dropped from king of queens . Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. He became CEO of Delta in 2004, a time of financial crisis for the airline. Northwest also performed worse than expected, losing $5.07 a . I began to wax Bohemian. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. The middle 40% of U.S. families own 22% of the wealth. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. and Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Gerald Grinstein made . WOODS) BNSF 1 Gerald Grinstein - (E.C. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 2004-2023 GuruFocus.com, LLC. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. Gerald Grinstein was American air transportation executive. 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Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Del Quentin Wilber. 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. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. A year ago, we served together on a foundation finance committee. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. a net 1Annualized. It has three transcontinental routes that provide rail connections between the western and eastern United States. "Come on," Denny reminded him. We also use third-party cookies that help us analyze and understand how you use this website. "Some of our most successful entrepreneurs are really . 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 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. Even today, this paint scheme is simply referred to as either "Grinstein" or "Executive" paint and many of the SD70MACs on the roster still sport this scheme. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . This website uses cookies to improve your experience while you navigate through the website. , Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Edward H. Bastian is an American business executive. He became CEO of Delta in 2004, a time of financial crisis for the airline. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Gerald Grinstein. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". 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. And when we say own, we include assets that you may still be paying for, such as a car or a house . Other key executives at The Brink's Co include ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. 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. 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 company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia to combat the boll weevil infestation of cotton crops.