Though environmentalists would like to cite him as an example of big business concern for the environment, he says . He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Compensation rank is based on total compensation for latest fiscal year. 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 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. 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. 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. 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. 4. Gerald Grinstein - WikiMili, The Best Wikipedia Reader JA Hall of Fame: Gerald Grinstein - Puget Sound Business Journal The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 1Annualized. 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. 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). It was a dance of identical twins with one time-traveling sibling three decades younger than the other. What should I do with my life? The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. Delta Air Lines Emerges From Bankruptcy | Fox News 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. He was 48. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. 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. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 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. 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. 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. Harkness Capital Partners Team. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. , Gerald Grinstein Net Worth Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. . Gerald Grinstein Net Worth 2022 and insider trades. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub Will His AI Plans Be Any Different? A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. 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. a net . US Airways Group Inc. was an airline holding company based in Tempe, Arizona. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. . Gerald Grinstein - Harkness Capital Partners ", "Delta Air Lines needs to cut costs, says CEO. Burlington Northern operated between 1970 and 1996. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. This investment adviser does not provide advice to individual investors. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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 . All content in this area was uploaded by Mark Tatge on Feb 28, 2015 James Moon Whitehurst is an American business executive. But opting out of some of these cookies may affect your browsing experience. and 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 . "I don't think we'll be as interesting.". It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. Median net worth . 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 The route network covered destinations in 47 states, as well as international destinations. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. . purchase Gerald Grinstein Net Worth (2022) | wallmine a net Just another site gerald grinstein net worth 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. of 153,713 shares. He was 48. of 350,919 shares. 0:01. Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. 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. 51.5 million families are in this 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. Calculating net worth is one way to gauge financial health. ", "Delta Air Lines needs to cut costs, says CEO. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion By. , 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. 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 . Email. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Exchange trademark and copyright notices. Gerald Grinstein Net Worth (2022) - GuruFocus.com Delta Air Lines Inc (DAL) PACCAR Inc (PCAR) Compensation rank is based on total compensation for latest fiscal year. Remembering Keith Grinstein | Crosscut Thanks to your hard work and dedicated efforts, we garnered an unprecedented amount of support for reforming U.S. development from businesses, NGOs, think tanks, prominent individuals, Continue reading 200 + Signatories on MFAN's . of 8,500 shares made by Simon Davis It was Keith's public-service baptism, the ballast for later life. Grinstein and his wife Carolyn live in Medina, Washington. sale Anderson inherited an angry board of directors and impatient . 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. You also have the option to opt-out of these cookies. On average, Gerald trades about 200 units every 0 days since 2004. (Gerald Grinstein says)(Brief Article). Gerald Grinstein - NNDB gerald grinstein net worth - wellofinspiration.stream Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 9Received options or restricted stock in lieu of portion of bonus. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz See Jerry Grinstein's compensation, career history, education, & memberships. He was the President at IBM and chair of the board at Red Hat, and previously Chief Executive Officer at Red Hat and Chief Operating Officer at Delta Air Lines. Gerald Grinstein, CEO Compensation - Forbes.com Gerald Grinstein - Wikipedia [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Gerald Grinstein. I think of Madrona not only as a source of capital but of business strength that takes an innovation and moves it into the marketplace.. 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. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. 24/7 Wall Street. 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 Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details sale Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. 3Three-year total. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. 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). VICE PRESIDENT/GENERAL COUNSEL Michael K Walton EVP - Chief of Operations John E Laughter Grinstein received the Railroader of the Year award in 1996.[3]. 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. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. Gerald Grinstein Net Worth (2023) | wallmine 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. . Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business 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. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Musk Made a Mess at Twitter. 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. ", "Congress Looks at Possible Delta-US Air Merger. Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography of 1,500 shares made by Timothy Joseph Tynan a net He was just everywhere.. and By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Wherever he landed in life or career, Keith was bound to a legacy of service. Some of our most successful entrepreneurs are really inventors at heart. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 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 Bill Gates Set To Sell Old Home To Family Friend ", "Congress Looks at Possible Delta-US Air Merger. 1. 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. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. All Rights Reserved. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Then you get to live here.. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. 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. (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). WOODS) BNSF 1 Gerald Grinstein - (E.C. Compensation percent change is based on combined salary and bonus. 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. Operating Investors and Operators. Seattle Times researcher David Turim contributed to this story. And when we say own, we include assets that you may still be paying for, such as a car or a house . 10 Things You Didn't Know about Delta CEO Edward Bastian - Money Inc 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) I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." , "The timing seemed right," Lyn Grinstein said. AMR filed for Chapter11 bankruptcy protection in November 2011. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Gerald Grinstein | Madrona He was succeeded by Richard Anderson, a former Northwest Airlines executive. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Things didn't work out as Grinstein had hoped. gerald grinstein net worth. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 1. 63 Gerald Grinstein Premium High Res Photos - Getty Images Profile | Gerald Grinstein, helped pull Delta out of nose dive Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. Grinstein and his wife Carolyn live in Medina, Washington. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). He reduced his own pay by 25%, to approximately $325,000 per year. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. He led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. 10Includes shares indirectly held. Average Net Worth by Age - SmartAsset David Brown 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 Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Added: Jun 27, 2019. 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. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. of 111,326 shares. & CHIEF TECH. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Wise counsel from a wise man: Do one thing well. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. Over the past 18 months, , The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. and During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 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. In the meantime, the Grinsteins are renting a home nearby. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. [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 car was built in 1952 for then CB&Q President Harry Murphy. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. When the company emerged from Chapter 11 in 2007 . MFAN's Open Letter to the President on the U.S. of 3,017 shares made by Todd R Hubbard The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Northwest also performed worse than expected, losing $5.07 a . gerald grinstein net worth - anmolsahota.com Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 2023 Cascade Public Media. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. 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. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. sale "Michael Jordan," Keith said. Methodology: Art collectors divided over tax issue - seattlepi.com Average Net Worth by Age: How Do You Compare? - NerdWallet 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? 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. 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. [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. 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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