He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. 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. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Mr. Grinstein grew up in a prominent Seattle family. 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. ", "Congress Looks at Possible Delta-US Air Merger. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Operating Investors and Operators. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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 . 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. 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. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. 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. "What can you say that you did with your life? Gerald Grinstein Strategic Director. Gerald Grinstein Net Worth 2022 and insider trades. Gerald Grinstein made This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Mr. Grinstein is a co-founder of Madrona Venture Group. These cookies will be stored in your browser only with your consent. Seattle Times researcher David Turim contributed to this story. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 1. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. 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. 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. why was carrie's sister dropped from king of queens . 1Annualized. For example, if someone owes more than the total value of their assets, they have a negative net worth. . Keith was, make no mistake, a frenetic presence. sale She did say the couple plan to make some changes. Gerald Grinstein Net Worth (2022) | wallmine Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Under Review. Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. After overseeing the firm's survival through bankruptcy and implementing a . Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. It is computed as the product of the total number of outstanding shares and the price of each share. 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 . Burlington Northern operated between 1970 and 1996. 30, 2006 stock price. He became CEO of Delta in 2004, a time of financial crisis for the airline. "The timing seemed right," Lyn Grinstein said. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). But opting out of some of these cookies may affect your browsing experience. Wherever he landed in life or career, Keith was bound to a legacy of service. Grinstein also oversaw a major restructuring of Delta's network footprint, closing the airline's DallasFort Worth hub and cutting domestic flight schedules across the remaining hubs in an effort to redeploy aircraft and personnel to more profitable international markets. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. 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. What is Gerald Grinstein's Net Worth? NM: Not meaningful. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. He was succeeded by Richard Anderson, a former Northwest Airlines executive. , a net He was beloved by many, many people.. 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. Other recent insider transactions involving PACCAR Inc (PCAR) include The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. 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. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. "Until we create an independently supported black institution, a financial safety net, for those . On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. A year ago, we served together on a foundation finance committee. 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. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. , Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 0:01. Life is short. 6New chief executive; compensation may be for another executive office. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. He was CEO of Nextel International from 1996 to 1999. ", "Congress Looks at Possible Delta-US Air Merger. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 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. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. 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. It is mandatory to procure user consent prior to running these cookies on your website. You also have the option to opt-out of these cookies. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. (Gerald Grinstein says)(Brief Article). The Grinsteins have had their eye on the mansion for quite a while. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Basketball. 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. sale 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) Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. 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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. sale 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. 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. Let us take the example of Apple and Amazon. Picture a young-end Baby Boomer as a throwback to . 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. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. 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. "He does just one thing. 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. Calculating net worth is one way to gauge financial health. (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 current estimated net worth of Delta Air Lines Inc's Chief Executive Officer, Gerald Grinstein, is estimated to be about $883.35K .Gerald Grinstein owns . Primary Income source Philanthropist (profession). Gerald Grinstein made This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? why is accuracy important in customer service. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. "We aren't sure what we will do with it," she said. Hmmm. AMR filed for Chapter11 bankruptcy protection in November 2011. sale 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. read more (market . 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. . of 17,976 shares. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Start a company in the Pacific Northwest. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. The analogy sounded a little too simple. We also use third-party cookies that help us analyze and understand how you use this website. Edward H. Bastian is an American business executive. And he thrives.". 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. . "Some of our most successful entrepreneurs are really . Re: BNSF "Gerald Grinstein" business car. 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. 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. 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 Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Keith Grinstein, 1960-2008: Exec had heart for community. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. David Brown Over the past 18 months, It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. and 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 . In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Analysts predicted a loss of $4.76 a share excluding special items. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. . 5Prior-year data. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. Gerald Grinstein made Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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 . [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. In 1997, it rebranded as US Airways. Northwest also performed worse than expected, losing $5.07 a . 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.. 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. ". GuruFocus.com is not operated by a broker or a dealer. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Bill Gates bought the place from Sikma in 1993 for $8 million. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Del Quentin Wilber. BNSF No. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. Grinstein and his wife Carolyn live in Medina, Washington. California Weighs $360,000 in Reparations to Eligible Black Residents. In addition to his work in medicine and broadcast journalism, he has . The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. and Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. What should I do with my life? 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. Some of our most successful entrepreneurs are really inventors at heart. 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. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. , Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. MFAN's Open Letter to the President on the U.S. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). Net worth totals vary by education, age, income and other factors. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. (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 was focused, effective, and (and I mean this) understated. Gerald Grinstein is the director of The Brink's Co. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. BOX 20574, ATLANTA, GA, 30320. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. 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. Things didn't work out as Grinstein had hoped. Wells. 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. "Just imagine that you'll only live to be 40," Keith said. 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. 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). But will the Seattle Landmarks Board sign off? His father, Gerald Grinstein, is a former CEO of . The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. of 5,120 shares made by Rohan Pal 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. 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. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. The company's only surviving airline, Pinnacle, became Endeavor Air. 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. no insider transaction in The Brink's Co (BCO). Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. He became CEO of Delta in 2004, a time of financial crisis for the airline. Email. 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. Over the past 18 months, In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Efficiency rank is based on our chief executive's performance/pay score. a net The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Other recent insider transactions involving The Brink's Co (BCO) include Added: Jun 27, 2019. Median net worth . Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. , It was a dance of identical twins with one time-traveling sibling three decades younger than the other. a net 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. 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. , The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. (Gerald Grinstein says)(Brief Article). It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. He became CEO of Delta in 2004, a time of financial crisis for the airline. He was the President at IBM and chair of the board at Red Hat, and previously Chief Executive Officer at Red Hat and Chief Operating Officer at Delta Air Lines. In the meantime, the Grinsteins are renting a home nearby. Among his survivors are his wife, Claire, his parents and his brother, Charles. WOODS) BNSF 1 Gerald Grinstein - (E.C. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Prior to joining BNI, he held positions including chairman and CEO of Western Airlines, partner in the law firm Preston, Torgrimson, Ellis & Hollman, chief counsel to the United States Senate Commerce Committee, counsel to the Merchant Marine & Transportation Subcommittee, and administrative assistant to U.S. The first step is to calculate the net worth of the individual at the start and end of the period. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 51.5 million families are in this group. "Until we create an independently supported black institution, a financial safety net, for those . He was 48. PACCAR Inc (PCAR) 1. 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 was 48. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position.
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