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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. ""Our rhetoric was terrific, but the performance wasn't there." 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. purchase Grinstein and his wife Carolyn live in Medina, Washington. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. When calculating net worth, it may be a positive or negative number. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. PACCAR Inc (PCAR) Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. George Washington's salary of $25,000 was . That could happen sometime this summer or fall, she says. After six months, he came up for review. , 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. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. James Moon Whitehurst is an American business executive. 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. Grinstein also set about regaining the trust and confidence of Delta's employees. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. 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. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. and Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Del Quentin Wilber. of 24,590 shares made by William C Carroll BOX 20574, ATLANTA, GA, 30320. 10Includes shares indirectly held. Hmmm. He became CEO of Delta in 2004, a time of financial crisis for the airline. WOODS) BNSF 1 Gerald Grinstein - (J. 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. 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. Senator Warren G. Magnuson. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. 24/7 Wall Street. 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. It is mandatory to procure user consent prior to running these cookies on your website. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 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. Vice President Paulo Henrique Bolgar The Grinsteins have had their eye on the mansion for quite a while. There isnt anyone in business in Seattle who doesnt know Keith. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. why is accuracy important in customer service. I continued pressing. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. ", "Delta Air Lines needs to cut costs, says CEO. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. Gerald Grinstein profile | Delta News Hub It's a community that's done enormous good, recasting funding priorities and embracing transparency. Bill Gates Set To Sell Old Home To Family Friend Gerald Grinstein Strategic Director. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . You must have JavaScript enabled to use this form. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. Wallmine is a radically better financial terminal. When the company emerged from Chapter 11 in 2007 . Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. He reduced his own pay by 25%, to approximately $325,000 per year. , Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. Gerald Grinstein was born on 06/26/1932 and is 90 years old. BNSF Railway is one of the largest freight railroads in North America. He was beloved by many, many people.. and Gerald Grinstein of Burlington Northern Inc.; . He was a Board Member of the Seattle Symphony and The Seattle Foundation. , A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. C.E. a net ", 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. 30, 2006 stock price. Remembering Keith Grinstein | Crosscut Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr Its trucks are sold through over 2,300 independent dealers globally. We'll focus on the median and average net worth figures for different age groups: Age of head of family. of 3,017 shares made by Todd R Hubbard 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. Gerald Grinstein for Ed Bastian's 20 year pinning. The first step is to calculate the net worth of the individual at the start and end of the period. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. . Grinstein and his wife Carolyn live in Medina, Washington. 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. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business 10 Things You Didn't Know about Delta CEO Edward Bastian - Money Inc Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Refer a Friend and Earn One Month of Free Membership. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. & CHIEF TECH. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. "The timing seemed right," Lyn Grinstein said. Mr. Grinstein is a co-founder of Madrona Venture Group. Along the way, he seemed to breathe life into a line from Theodore Roethke's The Waking: "I learn by going where I have to go." After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. He is very patriotic when it comes to his business and personal life. 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. 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. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 a net He became CEO of Delta in 2004, a time of financial crisis for the airline. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. 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. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). The 72 year old executive ranks 12 within Transportation Chief executive . He was just everywhere.. The most efficient rank is 1 and least efficient is 189. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. why was carrie's sister dropped from king of queens . 200 + Signatories on MFAN's Open Letter | MFAN The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia to combat the boll weevil infestation of cotton crops. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). of 4,880 shares. (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 bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. sale The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. . Gerald Grinstein Wikipedia Republished // WIKI 2 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. 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. gerald grinstein net worth - anmolsahota.com A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. See Jerry Grinstein's compensation, career history, education, & memberships. 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. He became CEO of Delta in 2004, a time of financial crisis for the airline. WOODS) BNSF 1 Gerald Grinstein - (E.C. "Some of our most successful entrepreneurs are really inventors at heart. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Methodology: Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. [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. Gerald Ronson earned the money being a professional Philanthropist. 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. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Gerald Grinstein is the director of The Brink's Co. Mr. Grinstein is a co-founder of Madrona Venture Group. 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. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. "Some of our most successful entrepreneurs are really . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. And when we say own, we include assets that you may still be paying for, such as a car or a house . Basketball. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Net Worth Defined: What Is My Net Worth? - NerdWallet Gerald Grinstein - Wikipedia Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 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. 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 . Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. 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. Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 1Annualized. gerald grinstein net worth Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. Gerald Grinstein (born 1932), American air transportation executive Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. sale This category only includes cookies that ensures basic functionalities and security features of the website. He reduced his own pay by 25%, to approximately $325,000 per year. Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Gerald Ronson is from British. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. 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 . Added: Jun 27, 2019. NA: Not available or not applicable. 51.5 million families are in this group. Terms of Use and Privacy Policy. Keith was, make no mistake, a frenetic presence. Gerald Grinstein Net Worth (2022) - GuruFocus.com On average, Gerald trades about 200 units every 0 days since 2004. 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. Other key executives at Delta Air Lines Inc include They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Mr. Grinstein grew up in a prominent Seattle family. 1. Gerald Grinstein - NNDB CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. 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 Other recent insider transactions involving PACCAR Inc (PCAR) include , Gurus may be added or dropped from the GuruFocus site at any time. and In 1997, it rebranded as US Airways. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com 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. Life is short. AMR filed for Chapter11 bankruptcy protection in November 2011. sale Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. . purchase You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Email. This website uses cookies to improve your experience while you navigate through the website. , Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $38,070 and over the last 19 years Gerald sold DAL stock worth over $0. 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. 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). LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Mr. Grinstein has been with the company for one year . He was 48. 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 To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. BNSF No. Gerald Grinstein Net Worth (2022) | wallmine sale 2023 Cascade Public Media. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. A year ago, we served together on a foundation finance committee. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Delta Air Lines - Wikipedia, la enciclopedia libre