"Until we create an independently supported black institution, a financial safety net, for those . He reduced his own pay by 25%, to approximately $325,000 per year. 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. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. GuruFocus.com is not operated by a broker or a dealer. The middle 40% of U.S. families own 22% of the wealth. Life is short. 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. George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media 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. Picture a young-end Baby Boomer as a throwback to . Fundamental company data provided by Morningstar, updated daily. Gerald Grinstein - WikiMili, The Best Wikipedia Reader a net According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Gerald Grinstein Net Worth (2022) | wallmine To calculate your net worth, take inventory of what you own, as well as your outstanding debt. This website uses cookies to improve your experience while you navigate through the website. Edward H. Bastian is an American business executive. "He does just one thing. Gerald Grinstein profile | Delta News Hub At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion By using this website, you agree to our use of cookies. James Moon Whitehurst is an American business executive. Over the past 18 months, of 32,650 shares made by R Preston Feight Gerald Grinstein - Wikipedia 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 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. 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. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. Operating Investors and Operators. But will the Seattle Landmarks Board sign off? [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. The estimated Net Worth of Gerald Grinstein is at least Delta Air Lines stock worth over $38,620 and over the last 18 years Gerald sold DAL stock worth over $0 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. Gerald Grinstein Net Worth (2022) | wallmine Compensation rank is based on total compensation for latest fiscal year. 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. Average Net Worth by Age: How Do You Compare? - NerdWallet Net worth totals vary by education, age, income and other factors. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. 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. 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 . 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. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. why is accuracy important in customer service. WOODS) BNSF 1 Gerald Grinstein - (E.C. These cookies do not store any personal information. . A year ago, we served together on a foundation finance committee. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. and The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. It was also, again, a $16,000 position. Gerald Grinstein Net Worth (2022) | wallmine He became CEO of Delta in 2004, a time of financial crisis for the airline. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. of 8,500 shares made by Simon Davis 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 . 200 + Signatories on MFAN's Open Letter | MFAN Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton . Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. All Rights Reserved. 4. of 350,919 shares. He worked as a lawyer in New York and Washington, D.C., before returning to Seattle in the late 1980s to join McCaw Cellular Communications (later AT&T Wireless Services). This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. He was just everywhere.. & CHIEF TECH. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. and The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United 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. 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. 0:01. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. , . Under Review. [8]. of 3,017 shares made by Todd R Hubbard , , Gerald Grinstein. 4Less than 0.01%. The route network covered destinations in 47 states, as well as international destinations. He was 48. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. a net After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. , a net He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. Gerald Grinstein. "The timing seemed right," Lyn Grinstein said. Wells. 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. 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. 3Three-year total. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. He became CEO of Delta in 2004, a time of financial crisis for the airline. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Compensation percent change is based on combined salary and bonus. Thanks to your hard work and dedicated efforts, we garnered an unprecedented amount of support for reforming U.S. development from businesses, NGOs, think tanks, prominent individuals, Continue reading 200 + Signatories on MFAN's . In summary, during the past 3 months, insiders sold 30,856 shares of Delta Air Lines Inc (DAL) in total and bought 12,880 shares, with a net Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including The Bottom Line. 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. 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. (Gerald Grinstein says)(Brief Article). 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. gerald grinstein net worth read more (market . , Harkness Capital Partners Team. 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. He became CEO of Delta in 2004, a time of financial crisis for the airline. PACCAR Inc (PCAR) Sanjay Gupta's net worth is $12 million. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. It is mandatory to procure user consent prior to running these cookies on your website. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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) . Controller Michael E Sweeney On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Gerald Grinstein (born 1932), American air transportation executive Gerald Grinstein - Address & Phone Number | Whitepages When its one-time expenses were included, Delta lost $7.64 a share. . JA Hall of Fame: Gerald Grinstein - Puget Sound Business Journal Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. "We aren't sure what we will do with it," she said. a net Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes 30, 2006 stock price. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. 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Del Quentin Wilber. sale sale Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Delta exits bankruptcy after 19-month restructuring | Reuters As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. Delta Air Lines - Wikipedia, la enciclopedia libre Gerald Grinstein - Harkness Capital Partners Then you get to live here.. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Gerald Grinstein. sale "What can you say that you did with your life? 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 is the director of The Brink's Co. It was meaningful do-gooderism as an end in itself. It has three transcontinental routes that provide rail connections between the western and eastern United States. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). "That was a 10 percent raise!". 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. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. After six months, he came up for review. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . After Delta, Mullin has emerged as a leader in both the public and private sectors, serving other companies and continuing to be a philanthropic contributor. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. California Weighs $360,000 in Reparations to Eligible Black Residents. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. and El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Presidential wealth: The net worth of every American president - USA TODAY 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. Gerald Grinstein - Co-Founder and Strategic Director @ Madrona It was humbling. OFFICER John N Rich ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. That could happen sometime this summer or fall, she says. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 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. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Will Others Follow? ", 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. 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. Will His AI Plans Be Any Different? Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Gerald Grinstein | Madrona John Scott Kirby is an American executive currently serving as CEO of United Airlines. Wise counsel from a wise man: Do one thing well. 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. sale He is the former non-executive chairman of Agilent Technologies and former chairman and CEO of Burlington Northern Inc. (BNI), where he oversaw the companys acquisition of Santa Fe Pacific Corporation, which created the nations largest railroad. ", "Delta Air Lines needs to cut costs, says CEO. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Other key executives at PACCAR Inc include Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. The Air Line Pilots Association, International (ALPA) is the largest pilot union in the world, representing more than 59,000 pilots from 35 U.S. and Canadian airlines. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. In the meantime, the Grinsteins are renting a home nearby. and The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Basketball. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Bar: District of Columbia, Washington. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. 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 . Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. You have to seize something now, something you love, and run with it.". Calculating net worth is one way to gauge financial health. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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. BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN [8], ""Our rhetoric was terrific, but the performance wasn't there." (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate Grinstein received the Railroader of the Year award in 1996. . What is Gerald Grinstein's Net Worth? 4. , 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. 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. Efficiency rank is based on our chief executive's performance/pay score. NM: Not meaningful. This investment adviser does not provide advice to individual investors. 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. , Median net worth . Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Burlington Northern Santa Fe Railway | Encyclopedia.com Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. 1Annualized. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. (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). 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. The company's only surviving airline, Pinnacle, became Endeavor Air. All Rights Reserved. Since 2001, the annual presidential salary has been set at $400,000. Gerald Ronson earned the money being a professional Philanthropist. a net Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. Footnotes: 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. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position.