gerald grinstein net worth gerald grinstein net worth

Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. Compensation percent change is based on combined salary and bonus. 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. He was succeeded by Richard Anderson, a former Northwest Airlines executive. We know that Gerald's political affiliation is . 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. "We might remodel, we might start over again. 8Received options or restricted stock in lieu of portion of salary. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Stock quotes provided by InterActive Data. 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. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. and At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. 2004-2023 GuruFocus.com, LLC. "We aren't sure what we will do with it," she said. 51.5 million families are in this group. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Gerald Grinstein Net Worth (2022) | wallmine of 153,713 shares. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! 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. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. of 24,590 shares made by William C Carroll Peter Jackson is the former editorial-page editor of the Everett Herald. Mr. Grinstein grew up in a prominent Seattle family. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. The Grinsteins have had their eye on the mansion for quite a while. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. 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 Will His AI Plans Be Any Different? 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. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. & CHIEF TECH. Fundamental company data provided by Morningstar, updated daily. 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. 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. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). After overseeing the firm's survival through bankruptcy and implementing a . a net Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. It was Keith's public-service baptism, the ballast for later life. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Mullin achieved particular prominence following the September 11, 2001 tragedy when, with the airline industry on the brink of failure, he served as the chief legislative and public spokesperson for the industrys recovery program. and Gerald Grinstein of Burlington Northern Inc.; . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. He was just everywhere.. James Moon Whitehurst is an American business executive. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. The analogy sounded a little too simple. of 3,017 shares made by Todd R Hubbard a net The company's only surviving airline, Pinnacle, became Endeavor Air. I began to wax Bohemian. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. Exchange trademark and copyright notices. Other key executives at PACCAR Inc include To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 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. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. George Washington's salary of $25,000 was . 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. [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. Senator Warren G. Magnuson. [3]. Median net worth . of 29,672 shares made by Joanne D Smith Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. 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. sale Mr. Grinstein has been with the company for one year . "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. On the same date, Thomas H. O'Leary, 54, will become president and chief . Picture a young-end Baby Boomer as a throwback to . David Brown After overseeing the firm's survival through bankruptcy and implementing a . 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. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. and 9Received options or restricted stock in lieu of portion of bonus. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. It is computed as the product of the total number of outstanding shares and the price of each share. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. What should I do with my life? 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 . GuruFocus.com is not operated by a broker or a dealer. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. , You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. 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. sale 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. Mr. Grinstein is a co-founder of Madrona Venture Group. of 350,919 shares. V.P. 2Four-year total. You must have JavaScript enabled to use this form. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Keith was, make no mistake, a frenetic presence. The most efficient rank is 1 and least efficient is 189. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. NA: Not available or not applicable. Musk Made a Mess at Twitter. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 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. Controller Michael E Sweeney 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. He reduced his own pay by 25%, to approximately $325,000 per year. Things didn't work out as Grinstein had hoped. a net 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. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. Will Others Follow? BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. When its one-time expenses were included, Delta lost $7.64 a share. why was carrie's sister dropped from king of queens . 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. Previously, he served as the Chairman and Chief Executive Officer at Western Air Lines Inc. and as the Chairman and CEO of Burlington Northern Inc. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. 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. OFFICER John N Rich You also have the option to opt-out of these cookies. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. [8], ""Our rhetoric was terrific, but the performance wasn't there." Life is short. of 4,880 shares. and Keith Grinstein wheeled and dealt as a high-powered lawyer and executive who earned his spot at the top of Seattle's high-tech and . Gerald Grinstein. There was a dervish-style coherence to his method, but I was clueless. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. Some of our most successful entrepreneurs are really inventors at heart. 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 NM: Not meaningful. When calculating net worth, it may be a positive or negative number. Other recent insider transactions involving Delta Air Lines Inc (DAL) include 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. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. . In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Let us take the example of Apple and Amazon. gerald grinstein net worth. His new salary was set at $17,600. Just another site gerald grinstein net worth 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. a net 30, 2006 stock price. 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. He was 48. The Bottom Line. She did say the couple plan to make some changes. Calculating net worth is one way to gauge financial health. Gerald Grinstein was born on 06/26/1932 and is 90 years old. Even before that, every president has been paid well. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. 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 no insider transaction in The Brink's Co (BCO). . We also use third-party cookies that help us analyze and understand how you use this website. In addition to his work in medicine and broadcast journalism, he has . CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. The use of the net worth method is demonstrated in the figure below. , We use cookies to provide you with a great experience and to help our website run effectively. Keith Grinstein, 1960-2008: Exec had heart for community. See Jerry Grinstein's compensation, career history, education, & memberships. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Gerald Grinstein made sale He became CEO of Delta in 2004, a time of financial crisis for the airline. Compensation rank is based on total compensation for latest fiscal year. Email. "The timing seemed right," Lyn Grinstein said. He was 48. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. "Michael Jordan," Keith said. But opting out of some of these cookies may affect your browsing experience. 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 Compensation rank is based on total compensation for latest fiscal year. 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. Efficiency rank is based on our chief executive's performance/pay score. Just another site gerald grinstein net worth "Some of our most successful entrepreneurs are really . He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. The car was built in 1952 for then CB&Q President Harry Murphy. , Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. 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US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. The first step is to calculate the net worth of the individual at the start and end of the period. I continued pressing. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. no insider transaction in PACCAR Inc (PCAR). 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 note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Gerald Grinstein Total Compensation $0.45 mil (#490) 5-Year Compensation Total NA Gerald Grinstein has been CEO of Delta Air Lines for 2 years. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. "What can you say that you did with your life? (Gerald Grinstein says)(Brief Article). , 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. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. 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 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. Grinstein received the Railroader of the Year award in 1996.[3]. Bill Gates bought the place from Sikma in 1993 for $8 million. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. 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. 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. BNSF No. EVP Daniel J Castillo , , sale In the meantime, the Grinsteins are renting a home nearby. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Edward H. Bastian is an American business executive. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. 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). 5Prior-year data. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. EVP & Chief Financial Officer Kurt B Mcmaken . 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. And when we say own, we include assets that you may still be paying for, such as a car or a house . This category only includes cookies that ensures basic functionalities and security features of the website. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Wells. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Over the past 18 months, He took over as CEO in 2004, when Delta was in a deep financial crisis, after CEO Leo F. Mullin stepped down amid a controversy over executive retirement and cash bonus plans that were deemed excessive. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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. Grinstein received the Railroader of the Year award in 1996. The Brink's Co (BCO) [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. BNSF Railway is one of the largest freight railroads in North America. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Mr Bastian owns over 47,500 units of Delta Air Lines stock worth over $15,301,796 and over the last 18 years he sold DAL stock worth over $40,887,727. (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). 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.