gerald grinstein net worth
From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. no insider transaction in The Brink's Co (BCO). 24/7 Wall Street. Gerald Grinstein made a net AMR filed for Chapter11 bankruptcy protection in November 2011. Peter Jackson is the former editorial-page editor of the Everett Herald. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. sale 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. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. 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But opting out of some of these cookies may affect your browsing experience. 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. 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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. of 1,500 shares made by Timothy Joseph Tynan In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Lyn Grinstein politely declined to say how much the house will cost. Gurus may be added or dropped from the GuruFocus site at any time. Gerald Grinstein Net Worth (2022) | wallmine View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. 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 has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . John Scott Kirby is an American executive currently serving as CEO of United Airlines. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. [3]. NA: Not available or not applicable. Grinstein and his wife Carolyn live in Medina, Washington. Senator Warren G. Magnuson. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Gerald Grinstein made Primary Income source Philanthropist (profession). The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Gerald Ronson is from British. NM: Not meaningful. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. No matter what the situation was, he could always find the light side.. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). ", "Delta Air Lines needs to cut costs, says CEO. It also operates additional companies that provide associated services. Gerald Grinstein made "Until we create an independently supported black institution, a financial safety net, for those . Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. He reduced his own pay by 25%, to approximately $325,000 per year. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). It was Keith's public-service baptism, the ballast for later life. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. Seattle Times researcher David Turim contributed to this story. Hollis Loyd Harris served as President and COO of Delta Air Lines (1987-1990) and Chairman, President, and CEO of Continental Airlines (1990-1991), Air Canada (1992-1996), and World Airways (1999-2004). The route network covered destinations in 47 states, as well as international destinations. 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. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. 4. Over the past 18 months, These cookies will be stored in your browser only with your consent. and Burlington Northern operated between 1970 and 1996. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Since 2001, the annual presidential salary has been set at $400,000. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. This category only includes cookies that ensures basic functionalities and security features of the website. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. "The timing seemed right," Lyn Grinstein said. Gerald Grinstein was American air transportation executive. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Bar: District of Columbia, Washington. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. a net Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Total returns and value of stock owned (including all classes) is based on Mar. . purchase , Northwest also performed worse than expected, losing $5.07 a . "Some of our most successful entrepreneurs are really inventors at heart. The Bottom Line. 2004-2023 GuruFocus.com, LLC. 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 . a net 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. of 350,919 shares. These cookies do not store any personal information. of 29,672 shares made by Joanne D Smith Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. The first step is to calculate the net worth of the individual at the start and end of the period. When its one-time expenses were included, Delta lost $7.64 a share. of 32,650 shares made by R Preston Feight The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. 1. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. of 0 shares. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. 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. Gerald Grinstein. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. "Michael Jordan," Keith said. Just another site gerald grinstein net worth At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. Grinstein also set about regaining the trust and confidence of Delta's employees. (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). [8]. 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. ", "Congress Looks at Possible Delta-US Air Merger. 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. 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 . WOODS) BNSF 1 Gerald Grinstein - (J. 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? A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. On the same date, Thomas H. O'Leary, 54, will become president and chief . Over the past 18 months, He is very patriotic when it comes to his business and personal life. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. [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. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. 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. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. By using this website, you agree to our use of cookies. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Harkness Capital Partners Team. Picture a young-end Baby Boomer as a throwback to . He reduced his own pay by 25%, to approximately $325,000 per year. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. (Gerald Grinstein says)(Brief Article). He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Grinstein and his wife Carolyn live in Medina, Washington. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Under Review. sale I continued pressing. Gerald Grinstein is the director of PACCAR Inc. sale All Rights Reserved. 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. 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. Gerald Grinstein Strategic Director. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. read more (market . Jerry is also a board member of the William D. Ruckelshaus Center. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 BNSF No. The most efficient rank is 1 and least efficient is 189. He led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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 . We also use third-party cookies that help us analyze and understand how you use this website. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. of 153,713 shares. Necessary cookies are absolutely essential for the website to function properly. MFAN's Open Letter to the President on the U.S. 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. On average, Gerald trades about 200 units every 0 days since 2004. "Come on," Denny reminded him. 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. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. "Just imagine that you'll only live to be 40," Keith said. In summary, during the past 3 months, insiders sold 153,713 shares of PACCAR Inc (PCAR) in total and bought 0 shares, with a net Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. 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. Hmmm. Gerald Grinstein for Ed Bastian's 20 year pinning. Keith was, make no mistake, a frenetic presence. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Gerald Grinstein has been CEO of Delta Air Lines for 1 years. 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. . Mr. Grinstein is a co-founder of Madrona Venture Group. The car was built in 1952 for then CB&Q President Harry Murphy. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 4. We use cookies to provide you with a great experience and to help our website run effectively. After overseeing the firm's survival through bankruptcy and implementing a . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. California Weighs $360,000 in Reparations to Eligible Black Residents. why was carrie's sister dropped from king of queens . of 8,500 shares made by Simon Davis Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. Compensation rank is based on total compensation for latest fiscal year. 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.
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