gerald grinstein net worth

of 350,919 shares. He is very patriotic when it comes to his business and personal life. You must have JavaScript enabled to use this form. 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 Re: BNSF "Gerald Grinstein" business car. 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. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. 1Annualized. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). By. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Other recent insider transactions involving PACCAR Inc (PCAR) include BNSF No. of 4,880 shares. 51.5 million families are in this group. 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. Gerald Grinstein is the director of PACCAR Inc. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. of 29,672 shares made by Joanne D Smith Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. "Some of our most successful entrepreneurs are really inventors at heart. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. California Weighs $360,000 in Reparations to Eligible Black Residents. of 17,976 shares. 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. Musk Made a Mess at Twitter. What is Gerald Grinstein's Net Worth? The company filed for bankruptcy protection under Chapter 11 in 2012 and emerged from Chapter 11 in 2013 as a wholly owned subsidiary of Delta Air Lines. 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. How federal weed legalization would impact Washington state, ArtSEA: Bronze books in Bellevue and a rush of Seattle readings, The egg shortage won't end anytime soon. of 22,000 shares made by David S Taylor , 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. 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. Life is short. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Calculating net worth is one way to gauge financial health. Harkness Capital Partners Team. & CHIEF TECH. Over the past 18 months, 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. EVP & Chief Financial Officer Daniel C. Janki 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. There won't be a "For Sale" sign swinging in front of Bill and Melinda Gates' house when they move to their new high-tech estate. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. sale On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Wallmine is a radically better financial terminal. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. When its one-time expenses were included, Delta lost $7.64 a share. a net The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Median net worth . He was 48. 8Received options or restricted stock in lieu of portion of salary. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. She did say the couple plan to make some changes. 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.. Compensation percent change is based on combined salary and bonus. Other key executives at Delta Air Lines Inc include We also use third-party cookies that help us analyze and understand how you use this website. 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). One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. 2004-2023 GuruFocus.com, LLC. 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. With the merger that formed The Burlington Northern, the car became the "Mississippi River" and remain in the business car fleet changing name to "Gerald . Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. sale In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. A year ago, we served together on a foundation finance committee. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Gerald Grinstein Net Worth (2022) | wallmine From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Wise counsel from a wise man: Do one thing well. BNSF Railway is one of the largest freight railroads in North America. 30, 2006 stock price. 3Three-year total. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Net worth totals vary by education, age, income and other factors. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. of 0 shares. 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. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. of 3,017 shares made by Todd R Hubbard By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. 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. Mr. Grinstein is a graduate of Yale College and Harvard Law School. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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) We use cookies to provide you with a great experience and to help our website run effectively. no insider transaction in Delta Air Lines Inc (DAL). Jerry is also a board member of the William D. Ruckelshaus Center. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 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. 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. Edward H. Bastian is an American business executive. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. It's a community that's done enormous good, recasting funding priorities and embracing transparency. This investment adviser does not provide advice to individual investors. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Then you get to live here.. Controller Michael E Sweeney , It was meaningful do-gooderism as an end in itself. 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. 74th St., Redmond, WA 98052, or another charity. WOODS) BNSF 1 Gerald Grinstein - (J. BOX 20574, ATLANTA, GA, 30320. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. Gerald Grinstein Net Worth 2022 and insider trades. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. Fundamental company data provided by Morningstar, updated daily. 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. Lyn Grinstein politely declined to say how much the house will cost. 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. 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. 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. Gurus may be added or dropped from the GuruFocus site at any time. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. He reduced his own pay by 25%, to approximately $325,000 per year. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. He became CEO of Delta in 2004, a time of financial crisis for the airline. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. 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. Follow him on Twitter @phardinjackson. . 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. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. 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. ", "Congress Looks at Possible Delta-US Air Merger. why is accuracy important in customer service. "Come on," Denny reminded him. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. a net 7Less than $100,000. , Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. 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. 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. EVP Daniel J Castillo , Vice President Paulo Henrique Bolgar a net 2023 Harkness Capital Partners | Admin Login, CEO: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Chairman: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Board Member: Aligent Technologies; Light Sciences Corporation; Browning-Ferris Industries; VANS, Inc.; Imperial Sugar Co,; PACCAR Inc.; Sunstrand Corporation; Foundation Bank; ThinkFire Services USA; Portland General Electric Co.; The Brinks Company; Pittston Minerals Group; Vascular Reconditioning Inc; Bax Global; Expedia.com, Private Equity Boards: Kane is Able; Jacobson Companies; Co-Founder, Madrona Investment Group: Advisor, Oak Hill Capital Partners. sale 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. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Prior to working at Delta in 2001, he served as Vice President and Director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. 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. Wells. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. sale MFAN's Open Letter to the President on the U.S. 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. For example, if someone owes more than the total value of their assets, they have a negative net worth. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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. Grinstein and his wife Carolyn live in Medina, Washington. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. [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. He reduced his own pay by 25%, to approximately $325,000 per year. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. "What can you say that you did with your life? 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). , Efficiency rank is based on our chief executive's performance/pay score. He was a Board Member of the Seattle Symphony and The Seattle Foundation. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. , Mr. Grinstein has been with the company for one year . I began to wax Bohemian. But opting out of some of these cookies may affect your browsing experience. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Some of our most successful entrepreneurs are really inventors at heart. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. . (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). , , The Bottom Line. 24/7 Wall Street. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. [8], ""Our rhetoric was terrific, but the performance wasn't there." of 57,951 shares made by Harrie Schippers Gerald Grinstein. 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. See Jerry Grinstein's compensation, career history, education, & memberships. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 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. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Past performance is a poor indicator of future performance. On average, Gerald trades about 200 units every 0 days since 2004. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Delta's restructuring is projected to more than halve its net debt to $7.6 billion at the end of 2007 from $16.9 billion at June 30, 2005, it said. And when we say own, we include assets that you may still be paying for, such as a car or a house . . [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Necessary cookies are absolutely essential for the website to function properly. The company's only surviving airline, Pinnacle, became Endeavor Air. 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ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. In 1997, it rebranded as US Airways. Gerald Grinstein made Seattle Times researcher David Turim contributed to this story. Grinstein also set about regaining the trust and confidence of Delta's employees. Added: Jun 27, 2019. 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 most efficient rank is 1 and least efficient is 189.

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