gerald grinstein net worth

Exchange trademark and copyright notices. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". . "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. 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. When its one-time expenses were included, Delta lost $7.64 a share. When calculating net worth, it may be a positive or negative number. 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). ", "Congress Looks at Possible Delta-US Air Merger. , . of 0 shares. On average, Gerald trades about 200 units every 0 days since 2004. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. PACCAR Inc (PCAR) 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. OFFICER John N Rich Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. I continued pressing. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. purchase 2004-2023 GuruFocus.com, LLC. On the same date, Thomas H. O'Leary, 54, will become president and chief . Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. There was a dervish-style coherence to his method, but I was clueless. 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. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. . In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. sale Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. He was CEO of Nextel International from 1996 to 1999. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. George Washington's salary of $25,000 was . He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. [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. Email. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! He became CEO of Delta in 2004, a time of financial crisis for the airline. All Rights Reserved. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. of 8,500 shares made by Simon Davis Northwest also performed worse than expected, losing $5.07 a . But opting out of some of these cookies may affect your browsing experience. & CHIEF TECH. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. We also use third-party cookies that help us analyze and understand how you use this website. sale Gerald Grinstein is the director of The Brink's Co. California Weighs $360,000 in Reparations to Eligible Black Residents. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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. NA: Not available or not applicable. 4Less than 0.01%. 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. In the meantime, the Grinsteins are renting a home nearby. WOODS) BNSF 1 Gerald Grinstein - (J. There isnt anyone in business in Seattle who doesnt know Keith. of 32,650 shares made by R Preston Feight 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. Past performance is a poor indicator of future performance. These cookies do not store any personal information. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. What is Gerald Grinstein's Net Worth? Friends and business associates said Monday they were struggling to cope with the news of his sudden death. EVP & Chief Financial Officer Kurt B Mcmaken Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . He previously served as the Chief Executive Officer of Delta Air Lines from 2004 2007 and as Non-Executive Chairman of Delta Air Lines Inc.s Board of Directors from 1997 1999. Peter Jackson is the former editorial-page editor of the Everett Herald. And he thrives.". So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. 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. 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. "Michael Jordan," Keith said. By. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $32,120 and over the last 19 years Gerald sold DAL stock worth over $0. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 He became CEO of Delta in 2004, a time of financial crisis for the airline. Compensation percent change is based on combined salary and bonus. Harkness Capital Partners Team. , a net . In Fort Worth, The Civilized West, . , 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). 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. [3]. 2Four-year total. of 1,500 shares made by Timothy Joseph Tynan ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. , 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 . Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 1. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. Under Review. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Gerald Grinstein was American air transportation executive. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. purchase Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. blockbuster store still open near haarlem. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. "Come on," Denny reminded him. , It's a community that's done enormous good, recasting funding priorities and embracing transparency. . It is mandatory to procure user consent prior to running these cookies on your website. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Refer a Friend and Earn One Month of Free Membership. You have to seize something now, something you love, and run with it.". , a net Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. It is important to find the opening and closing net worth using the same asset value . 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." Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Basketball. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Other key executives at Delta Air Lines Inc include Gerald Grinstein made It also operates additional companies that provide associated services. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". We'll focus on the median and average net worth figures for different age groups: Age of head of family. Anderson inherited an angry board of directors and impatient . Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. ""Our rhetoric was terrific, but the performance wasn't there." EVP - Chief of Operations John E Laughter . The car was built in 1952 for then CB&Q President Harry Murphy. ", "Delta Air Lines needs to cut costs, says CEO. of 4,880 shares. Gerald Grinstein. 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). 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 "He does just one thing. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Senator Warren G. Magnuson. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. 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 . and By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. (Gerald Grinstein says)(Brief Article). On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. Edward H. Bastian is an American business executive. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. . 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. He reduced his own pay by 25%, to approximately $325,000 per year. 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. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. 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. Some of our most successful entrepreneurs are really inventors at heart. I began to wax Bohemian. 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. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. For example, if someone owes more than the total value of their assets, they have a negative net worth. BNSF No. , 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. 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. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. sale 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. 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. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. This website uses cookies to improve your experience while you navigate through the website. It was Keith's public-service baptism, the ballast for later life. He was beloved by many, many people.. 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. 9Received options or restricted stock in lieu of portion of bonus. Mr. Grinstein is a co-founder of Madrona Venture Group. These cookies will be stored in your browser only with your consent. In addition to his work in medicine and broadcast journalism, he has . What should I do with my life? 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. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). 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.. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Sanjay Gupta's net worth is $12 million. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 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 Mr. Grinstein is a graduate of Yale College and Harvard Law School. 6New chief executive; compensation may be for another executive office. 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. Grinstein and his wife Carolyn live in Medina, Washington. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. Keith Grinstein, 1960-2008: Exec had heart for community. a net Over the past 18 months, no insider transaction in Delta Air Lines Inc (DAL). 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. WOODS) BNSF 1 Gerald Grinstein - (E.C. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). 4. a net James Moon Whitehurst is an American business executive. 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. of 24,590 shares made by William C Carroll Delta Air Lines Inc (DAL) Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. of 111,326 shares. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Picture a young-end Baby Boomer as a throwback to . Its trucks are sold through over 2,300 independent dealers globally. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. 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. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Life is short. "The timing seemed right," Lyn Grinstein said. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Other recent insider transactions involving PACCAR Inc (PCAR) include 3Three-year total. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). His new salary was set at $17,600. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 51.5 million families are in this group. [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. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. "We aren't sure what we will do with it," she said. The middle 40% of U.S. families own 22% of the wealth. By using this website, you agree to our use of cookies. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. 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. Mr. Grinstein grew up in a prominent Seattle family. Terms of Use and Privacy Policy. MFAN's Open Letter to the President on the U.S. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. 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. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Vice President Paulo Henrique Bolgar Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Gerald Grinstein. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Operating Investors and Operators. Burlington Northern operated between 1970 and 1996. 7Less than $100,000. The Grinsteins have had their eye on the mansion for quite a while.

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