gerald grinstein net worth gerald grinstein net worth

6New chief executive; compensation may be for another executive office. This website uses cookies to improve your experience while you navigate through the website. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. 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. . Gerald Grinstein is the director of The Brink's Co. sale It was meaningful do-gooderism as an end in itself. Mr. Grinstein is a co-founder of Madrona Venture Group. 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 . [3]. 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. , Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . She did say the couple plan to make some changes. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times, https://en.wikipedia.org/w/index.php?title=Gerald_Grinstein&oldid=1078844912, This page was last edited on 23 March 2022, at 16:58. He became CEO of Delta in 2004, a time of financial crisis for the airline. Grinstein received the Railroader of the Year award in 1996.[3]. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. and 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. BNSF Railway is one of the largest freight railroads in North America. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. 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. . Keith was, make no mistake, a frenetic presence. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. It was also, again, a $16,000 position. . (Gerald Grinstein says)(Brief Article). Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. EVP & Chief Financial Officer Daniel C. Janki He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Northwest also performed worse than expected, losing $5.07 a . He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. What should I do with my life? In the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. of 4,880 shares. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Things didn't work out as Grinstein had hoped. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. . It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. . "We aren't sure what we will do with it," she said. He was just everywhere.. BNSF No. AMR Corporation was an airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. Sanjay Gupta's net worth is $12 million. a net Over the past 18 months, View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. He was 48. 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 Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. . The Brink's Co (BCO) In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. 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) 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 . [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. and Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Picture a young-end Baby Boomer as a throwback to . He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. I was acting the obnoxious Hamlet. 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. of 0 shares. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. of 350,919 shares. Gerald Grinstein. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. of 22,000 shares made by David S Taylor Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. He was succeeded by Richard Anderson, a former Northwest Airlines executive. (Gerald Grinstein says)(Brief Article). Other key executives at The Brink's Co include This category only includes cookies that ensures basic functionalities and security features of the website. Keith Grinstein, 1960-2008: Exec had heart for community. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. purchase Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Lee Moak is a government relations and public affairs consultant and one of the founders of The Moak Group, a public affairs, advocacy, and business consulting firm located in Washington, D.C. Before joining Delta Air Lines and working his way up to a B-767 Delta Air Lines captain, Moak served as a Marine Corps pilot, and as president of the Air Line Pilots Association, International (ALPA), the world's largest non-governmental aviation safety organization. why was carrie's sister dropped from king of queens . 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. blockbuster store still open near haarlem. EVP - Chief of Operations John E Laughter Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. sale Senator Warren G. Magnuson. Net worth is the total of one's assets minus total liabilities. 7Less than $100,000. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Past performance is a poor indicator of future performance. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. , Harkness Capital Partners Team. V.P. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Then you get to live here.. 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 He was a Board Member of the Seattle Symphony and The Seattle Foundation. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. 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 Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Gerald Grinstein. In the meantime, the Grinsteins are renting a home nearby. 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) . Terms of Use and Privacy Policy. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. 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. 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. Among his survivors are his wife, Claire, his parents and his brother, Charles. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Its trucks are sold through over 2,300 independent dealers globally. 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. 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. The Bottom Line. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. It also operates additional companies that provide associated services. 2004-2023 GuruFocus.com, LLC. Re: BNSF "Gerald Grinstein" business car. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Other recent insider transactions involving Delta Air Lines Inc (DAL) include 51.5 million families are in this group. 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. , Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. He reduced his own pay by 25%, to approximately $325,000 per year. Gerald Grinstein Strategic Director. The most efficient rank is 1 and least efficient is 189. 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. All Rights Reserved. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. "Some of our most successful entrepreneurs are really inventors at heart. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 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. BOX 20574, ATLANTA, GA, 30320. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. of 8,500 shares made by Simon Davis 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. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. of 29,672 shares made by Joanne D Smith Here's why, Human Elements: Reviving Indigenous methods of habitat restoration, Kirkland vigil marks one year of war in Ukraine, Pacific Science Center plans to transform its iconic pools, Oh deer: Thriving herds are overcrowding the San Juan Islands, Refuge After War: Vietnamese and Afghan refugees take similar paths, Sign up for the Crosscut Weekly newsletter, This WA bill could make it easier and safer to change your name, WA's government transparency committee is ready to call it quits, WA lawmakers work to keep public records from the public again, At Seattle Opera, A Thousand Splendid Suns burns brightly, ArtSEA: Comedy, dance and bankruptcy, now showing on Seattle stages, Seattle's Third Avenue Project takes a new approach to old problems, Some farmers question WA state's plan to pay workers overtime, Seattle has a Green Lake-sized hole in its tree canopy, study shows, Planting the seeds for Washington's forest restoration efforts, As crypto mines aim for climate action, critics call greenwashing. When the company emerged from Chapter 11 in 2007 . In addition to his work in medicine and broadcast journalism, he has . 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 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. We'll focus on the median and average net worth figures for different age groups: Age of head of family. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Efficiency rank is based on our chief executive's performance/pay score. Since 1987, he had been a director of Delta Air Lines and served as Delta's non-executive chairman from August 1997 until October 1999. Gerald (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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Some of our most successful entrepreneurs are really inventors at heart. Grinstein also set about regaining the trust and confidence of Delta's employees. During the past 18 months, 5,120 shares of The Brink's Co (BCO) were sold and 10,000 shares were bought by its insiders, resulting in a net Since 2001, the annual presidential salary has been set at $400,000. 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. 5Prior-year data. The car was built in 1952 for then CB&Q President Harry Murphy. sale a net Total returns and value of stock owned (including all classes) is based on Mar. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . 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. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Delta Air Lines Inc (DAL) He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. "Just imagine that you'll only live to be 40," Keith said. Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. He is very patriotic when it comes to his business and personal life. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . When its one-time expenses were included, Delta lost $7.64 a share. sale Anderson inherited an angry board of directors and impatient . , of 153,713 shares. That could happen sometime this summer or fall, she says. By. sale 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. The most recent stock trade was executed by Joanne D Smith on 28 February 2023, trading 4,846 units of DAL stock currently worth $186,232. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. ". 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 . They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Grinstein received the Railroader of the Year award in 1996. Other key executives at Delta Air Lines Inc include You must have JavaScript enabled to use this form. Life is short. Gerald Grinstein made Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Calculating net worth is one way to gauge financial health. 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. By using this website, you agree to our use of cookies. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). 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. Primary Income source Philanthropist (profession). 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. A year ago, we served together on a foundation finance committee. Methodology: Gerald Grinstein made David Brown During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. WOODS) BNSF 1 Gerald Grinstein - (J. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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 . 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. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Will His AI Plans Be Any Different? 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. Wherever he landed in life or career, Keith was bound to a legacy of service. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 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. We use cookies to provide you with a great experience and to help our website run effectively. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Author: burlingtonjohn. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Mr. Grinstein is a co-founder of Madrona Venture Group. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. sale Wise counsel from a wise man: Do one thing well. Bill Gates bought the place from Sikma in 1993 for $8 million. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. 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. Gerald Grinstein made 1:06. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Gerald Grinstein Net Worth 2022 and insider trades. WOODS) BNSF 1 Gerald Grinstein - (E.C. On the same date, Thomas H. O'Leary, 54, will become president and chief . 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. Added: Jun 27, 2019. See Jerry Grinstein's compensation, career history, education, & memberships. of 3,017 shares made by Todd R Hubbard 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. purchase (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview).