gerald grinstein net worth

a net Friends and business associates said Monday they were struggling to cope with the news of his sudden death. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. and Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. a net Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. BOX 20574, ATLANTA, GA, 30320. 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. Senator Warren G. Magnuson. Gerald Grinstein Net Worth (2022) | wallmine 3Three-year total. By using this website, you agree to our use of cookies. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. No matter what the situation was, he could always find the light side.. , Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. Wherever he landed in life or career, Keith was bound to a legacy of service. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection 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. Methodology: On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Primary Income source Philanthropist (profession). 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. We'll focus on the median and average net worth figures for different age groups: Age of head of family. Efficiency rank is based on our chief executive's performance/pay score. 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. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Exchange trademark and copyright notices. This category only includes cookies that ensures basic functionalities and security features of the website. In 1997, it rebranded as US Airways. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Grinstein and his wife Carolyn live in Medina, Washington. and William Douglas Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines. 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Under Review. 2004-2023 GuruFocus.com, LLC. sale and ". [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. 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 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. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Grinstein received the Railroader of the Year award in 1996. GuruFocus.com is not operated by a broker or a dealer. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. He was 48. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Musk Made a Mess at Twitter. "He does just one thing. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Other recent insider transactions involving The Brink's Co (BCO) include View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Compensation percent change is based on combined salary and bonus. AMR filed for Chapter11 bankruptcy protection in November 2011. He was succeeded by Richard Anderson, a former Northwest Airlines executive. A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. Keith made some jokes at his own expense and finally leaned forward and said something quasi-Scandanavian, a sentiment that spoke to my Ingmar Bergman-esque soul. There was a dervish-style coherence to his method, but I was clueless. 4. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. All Rights Reserved. Necessary cookies are absolutely essential for the website to function properly. Del Quentin Wilber. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Harkness Capital Partners Team. "That was a 10 percent raise!". , 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. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $38,070 and over the last 19 years Gerald sold DAL stock worth over $0. 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. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! He reduced his own pay by 25%, to approximately $325,000 per year. 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) During the past 18 months, 157,206 shares of Delta Air Lines Inc (DAL) were sold and 45,880 shares were bought by its insiders, resulting in a net of 24,590 shares made by William C Carroll Mr. Grinstein is a co-founder of Madrona Venture Group. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Gerald Grinstein. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 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. 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. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Even before that, every president has been paid well. Other key executives at The Brink's Co include , Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Mr. Grinstein grew up in a prominent Seattle family. 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. 74th St., Redmond, WA 98052, or another charity. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. Some of our most successful entrepreneurs are really inventors at heart. PACCAR Inc (PCAR) Will Others Follow? Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. His father, Gerald Grinstein, is a former CEO of . a net Gerald Grinstein made Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Gerald Ronson is from British. 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. 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. Its trucks are sold through over 2,300 independent dealers globally. "Some of our most successful entrepreneurs are really . James Moon Whitehurst is an American business executive. When its one-time expenses were included, Delta lost $7.64 a share. . 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. Grinstein also set about regaining the trust and confidence of Delta's employees. WOODS) BNSF 1 Gerald Grinstein - (J. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. . Follow him on Twitter @phardinjackson. 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. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. , of 3,017 shares made by Todd R Hubbard George Washington's salary of $25,000 was . . Hmmm. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. EVP & Chief Financial Officer Kurt B Mcmaken Among his survivors are his wife, Claire, his parents and his brother, Charles. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. "Michael Jordan," Keith said. Gerald Grinstein for Ed Bastian's 20 year pinning. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. What should I do with my life? sale We know that Gerald's political affiliation is . read more (market . 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. 4. BNSF No. And when we say own, we include assets that you may still be paying for, such as a car or a house . no insider transaction in PACCAR Inc (PCAR). 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. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. OFFICER John N Rich UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Anderson inherited an angry board of directors and impatient . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Compensation rank is based on total compensation for latest fiscal year. The first step is to calculate the net worth of the individual at the start and end of the period. Gerald Grinstein Net Worth 2022 and insider trades. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Gerald Ronson earned the money being a professional Philanthropist. Grinstein's wife, Lyn, says they're ready to move into the 14-room, waterfront house just as soon as the Gateses are ready to move out. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. [3]. no insider transaction in The Brink's Co (BCO). Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. MFAN's Open Letter to the President on the U.S. sale [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. & CHIEF TECH. The Bottom Line. , It has three transcontinental routes that provide rail connections between the western and eastern United States. 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. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. The company's only surviving airline, Pinnacle, became Endeavor Air. 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. (Gerald Grinstein says)(Brief Article). "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". EVP - Chief of Operations John E Laughter of 22,000 shares made by David S Taylor of 153,713 shares. . Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. a net LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Compensation rank is based on total compensation for latest fiscal year. 4. Total returns and value of stock owned (including all classes) is based on Mar. Gerald Grinstein was American air transportation executive. 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. 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 . 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. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. All Rights Reserved. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Author: burlingtonjohn. This investment adviser does not provide advice to individual investors. David Brown 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. of 32,650 shares made by R Preston Feight His new salary was set at $17,600. Start a company in the Pacific Northwest. You also have the option to opt-out of these cookies. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. [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. It was meaningful do-gooderism as an end in itself. 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.. Gerald Grinstein Net Worth (2022) | wallmine Vice President Paulo Henrique Bolgar Over the past 18 months, BNSF Railway is one of the largest freight railroads in North America. . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Then you get to live here.. Other recent insider transactions involving Delta Air Lines Inc (DAL) include 2023 Cascade Public Media. Just another site gerald grinstein net worth Gerald Grinstein. For example, if someone owes more than the total value of their assets, they have a negative net worth. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Wallmine is a radically better financial terminal. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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.

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