The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. 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 . Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Over the past 18 months, He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. ", "Congress Looks at Possible Delta-US Air Merger. Among his survivors are his wife, Claire, his parents and his brother, Charles. 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) "That was a 10 percent raise!". AMR filed for Chapter11 bankruptcy protection in November 2011. With the merger that formed The Burlington Northern, the car became the "Mississippi River" and remain in the business car fleet changing name to "Gerald . Keith Grinstein, 1960-2008: Exec had heart for community. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 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. sale His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. It is important to find the opening and closing net worth using the same asset value . He had an incredible sense of humor. , , 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. 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. 10Includes shares indirectly held. You have to seize something now, something you love, and run with it.". ", "Congress Looks at Possible Delta-US Air Merger. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. This website uses cookies to improve your experience while you navigate through the website. Other recent insider transactions involving Delta Air Lines Inc (DAL) include EVP Daniel J Castillo 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. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Mr. Grinstein grew up in a prominent Seattle family. 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. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. When calculating net worth, it may be a positive or negative number. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. of 8,500 shares made by Simon Davis The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Compensation percent change is based on combined salary and bonus. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. "Just imagine that you'll only live to be 40," Keith said. Email. purchase [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. The Grinsteins have had their eye on the mansion for quite a while. Terms of Use and Privacy Policy. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. . 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. 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. Grinstein and his wife Carolyn live in Medina, Washington. sale The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. 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. Wells. 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. 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. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Lyn Grinstein politely declined to say how much the house will cost. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Peter Jackson is the former editorial-page editor of the Everett Herald. 24/7 Wall Street. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. 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. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. and 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. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. [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. 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. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 2004-2023 GuruFocus.com, LLC. When the company emerged from Chapter 11 in 2007 . He is very patriotic when it comes to his business and personal life. John Scott Kirby is an American executive currently serving as CEO of United Airlines. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. 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. Gerald Grinstein. It has three transcontinental routes that provide rail connections between the western and eastern United States. 1. The 72 year old executive ranks 12 within Transportation Chief executive . "We might remodel, we might start over again. (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). 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. He was beloved by many, many people.. He became CEO of Delta in 2004, a time of financial crisis for the airline. 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) . and He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. "We aren't sure what we will do with it," she said. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. 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. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . [8], ""Our rhetoric was terrific, but the performance wasn't there." 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. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. Gerald Grinstein was American air transportation executive. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Hmmm. 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. purchase Compensation rank is based on total compensation for latest fiscal year. 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. 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. 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. Grinstein also set about regaining the trust and confidence of Delta's employees. Mr. Grinstein has been with the company for one year . ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. , 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. and "The timing seemed right," Lyn Grinstein said. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including sale "What can you say that you did with your life? Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Even before that, every president has been paid well. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. I began to wax Bohemian. 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. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. sale Mr. Grinstein is a co-founder of Madrona Venture Group. I was acting the obnoxious Hamlet. sale ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Grinstein received the Railroader of the Year award in 1996.[3]. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. , This investment adviser does not provide advice to individual investors. 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 Grinstein for Ed Bastian's 20 year pinning. Harkness Capital Partners Team. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. He reduced his own pay by 25%, to approximately $325,000 per year. Burlington Northern operated between 1970 and 1996. , MFAN's Open Letter to the President on the U.S. 1:06. In addition to his work in medicine and broadcast journalism, he has . Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. of 29,672 shares made by Joanne D Smith Fundamental company data provided by Morningstar, updated daily. He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. why is accuracy important in customer service. She did say the couple plan to make some changes. 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. 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 It was humbling. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. 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. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. , At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. , CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. OFFICER John N Rich Gerald Grinstein made His new salary was set at $17,600. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. He was 48. He was focused, effective, and (and I mean this) understated. and 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.. Mr. Grinstein is a graduate of Yale College and Harvard Law School. The analogy sounded a little too simple. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Wherever he landed in life or career, Keith was bound to a legacy of service. 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 Net Worth 2022 and insider trades. and Seattle Times researcher David Turim contributed to this story. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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 . EVP & Chief Financial Officer Daniel C. Janki He became CEO of Delta in 2004, a time of financial crisis for the airline. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. 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. What is Gerald Grinstein's Net Worth? of 32,650 shares made by R Preston Feight [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. , 4. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. Northwest also performed worse than expected, losing $5.07 a . Senator Warren G. Magnuson. 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. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. We know that Gerald's political affiliation is . 2023 Cascade Public Media. 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 Gerald Grinstein Net Worth (2022) | wallmine Under Review. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. We use cookies to provide you with a great experience and to help our website run effectively. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). 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. . [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. and The Bottom Line. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. The most efficient rank is 1 and least efficient is 189. . 30, 2006 stock price. By. V.P. 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. The company's only surviving airline, Pinnacle, became Endeavor Air. a net Primary Income source Philanthropist (profession). Gerald Grinstein. See Jerry Grinstein's compensation, career history, education, & memberships. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. of 350,919 shares. Its trucks are sold through over 2,300 independent dealers globally. a net LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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. Start a company in the Pacific Northwest. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. BNSF Railway is one of the largest freight railroads in North America. That could happen sometime this summer or fall, she says. When its one-time expenses were included, Delta lost $7.64 a share. These cookies will be stored in your browser only with your consent. Basketball. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. read more (market . Musk Made a Mess at Twitter. Other key executives at PACCAR Inc include and Gerald Grinstein of Burlington Northern Inc.; . In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Operating Investors and Operators. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. ", 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. Bill Gates bought the place from Sikma in 1993 for $8 million. Refer a Friend and Earn One Month of Free Membership. 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. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Wallmine is a radically better financial terminal. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Gerald Grinstein made 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. 4. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). It was also, again, a $16,000 position. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. "He does just one thing. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. The Brink's Co (BCO) Net worth totals vary by education, age, income and other factors. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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. 51.5 million families are in this group. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. , 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 . "Until we create an independently supported black institution, a financial safety net, for those . sale Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). of 17,976 shares. 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. WOODS) BNSF 1 Gerald Grinstein - (J. of 111,326 shares. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Over the past 18 months, 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 .
