and BNSF No. of 5,120 shares made by Rohan Pal EVP - Chief of Operations John E Laughter . 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. [8]. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. "He does just one thing. , He became CEO of Delta in 2004, a time of financial crisis for the airline. George Washington's salary of $25,000 was . , (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). Life is short. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. 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. [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. "That was a 10 percent raise!". The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. I was acting the obnoxious Hamlet. 7Less than $100,000. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! The couple already have found a buyer for the $8 million Medina mansion they now call home: family friend and former Burlington Northern Railroad Chairman Gerald Grinstein. 8Received options or restricted stock in lieu of portion of salary. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. It was also, again, a $16,000 position. 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. "Until we create an independently supported black institution, a financial safety net, for those . 30, 2006 stock price. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Mr. Grinstein is a graduate of Yale College and Harvard Law School. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Gerald Grinstein. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection 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. AMR filed for Chapter11 bankruptcy protection in November 2011. 9Received options or restricted stock in lieu of portion of bonus. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. Gurus may be added or dropped from the GuruFocus site at any time. , It is mandatory to procure user consent prior to running these cookies on your website. 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. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. 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 He was succeeded by Richard Anderson, a former Northwest Airlines executive. Other key executives at The Brink's Co include 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. The Air Line Pilots Association, International (ALPA) is the largest pilot union in the world, representing more than 59,000 pilots from 35 U.S. and Canadian airlines. no insider transaction in The Brink's Co (BCO). Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. He reduced his own pay by 25%, to approximately $325,000 per year. He had an incredible sense of humor. On the same date, Thomas H. O'Leary, 54, will become president and chief . , The Grinsteins have had their eye on the mansion for quite a while. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. The route network covered destinations in 47 states, as well as international destinations. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). and Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. no insider transaction in PACCAR Inc (PCAR). WOODS) BNSF 1 Gerald Grinstein - (J. It was meaningful do-gooderism as an end in itself. 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. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. a net He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. 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. "The timing seemed right," Lyn Grinstein said. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. 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. 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. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. 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 . They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. no insider transaction in Delta Air Lines Inc (DAL). He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. sale It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 2Four-year total. purchase Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Senator Warren G. Magnuson. and When its one-time expenses were included, Delta lost $7.64 a share. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Vice President Paulo Henrique Bolgar Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. This website uses cookies to improve your experience while you navigate through the website. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. sale a net 5Prior-year data. 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. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. . These cookies will be stored in your browser only with your consent. OFFICER John N Rich Gerald Grinstein. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. (Gerald Grinstein says)(Brief Article). Grinstein and his wife Carolyn live in Medina, Washington. 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 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. 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. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Primary Income source Philanthropist (profession). The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. 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. 4Less than 0.01%. 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 made Total returns and value of stock owned (including all classes) is based on Mar. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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. "We might remodel, we might start over again. 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. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Peter Jackson is the former editorial-page editor of the Everett Herald. of 111,326 shares. Under Review. NA: Not available or not applicable. 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. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. 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. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Other recent insider transactions involving PACCAR Inc (PCAR) include 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. ""Our rhetoric was terrific, but the performance wasn't there." 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 . Net worth is the total of one's assets minus total liabilities. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Gerald Grinstein is the director of PACCAR Inc. The car was built in 1952 for then CB&Q President Harry Murphy. of 1,500 shares made by Timothy Joseph Tynan The Bottom Line. 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. Gerald Grinstein was born on 06/26/1932 and is 90 years old. 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. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). , Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Pinnacle Airlines Corporation was an American holding company headquartered in Memphis, Tennessee, and was the parent company of Pinnacle Airlines and Colgan Air until Colgan was closed down in 2012. 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. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. 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. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). C.E. 1:06. It also operates additional companies that provide associated services. "The timing seemed right," Lyn Grinstein said. He became CEO of Delta in 2004, a time of financial crisis for the airline. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Delta Air Lines is a major American airline. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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. What is Gerald Grinstein's Net Worth? 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Gerald Grinstein made James Moon Whitehurst is an American business executive. Grinstein received the Railroader of the Year award in 1996. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. . 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 Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. . During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. David Brown The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. 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. 51.5 million families are in this group. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. 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. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. 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. 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. By using this website, you agree to our use of cookies. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. EVP-Chief Cust Experience Offr Allison C Ausband Gerald Grinstein Net Worth (2022) | wallmine 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. The company's only surviving airline, Pinnacle, became Endeavor Air. On average, Gerald trades about 200 units every 0 days since 2004. These cookies do not store any personal information. 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. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. After overseeing the firm's survival through bankruptcy and implementing a . Above is the net worth, insider trading, and ownership report for Gerald Grinstein. No matter what the situation was, he could always find the light side.. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. And when we say own, we include assets that you may still be paying for, such as a car or a house . and Mr. Grinstein is a co-founder of Madrona Venture Group. Mr. Grinstein has been with the company for one year . 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 . Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Its trucks are sold through over 2,300 independent dealers globally. See Jerry Grinstein's compensation, career history, education, & memberships. Gerald Grinstein. purchase Efficiency rank is based on our chief executive's performance/pay score. 10Includes shares indirectly held. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 "Just imagine that you'll only live to be 40," Keith said. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. 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. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Hmmm. PACCAR Inc (PCAR) "Some of our most successful entrepreneurs are really . Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Musk Made a Mess at Twitter. 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 sale Del Quentin Wilber. Exchange trademark and copyright notices. Gerald Grinstein Strategic Director. 2004-2023 GuruFocus.com, LLC. , 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. V.P. "Michael Jordan," Keith said. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . 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). why was carrie's sister dropped from king of queens . Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including BOX 20574, ATLANTA, GA, 30320. 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