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Grinstein also set about regaining the trust and confidence of Delta's employees. 0:01. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. of 22,000 shares made by David S Taylor He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. sale He is very patriotic when it comes to his business and personal life. In 1997, it rebranded as US Airways. George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media of 0 shares. Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Gerald Grinstein made 51.5 million families are in this group. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Gerald Grinstein - Co-Founder and Strategic Director @ Madrona He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. 2Four-year total. Gerald Grinstein made 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. Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business Net worth is the total of one's assets minus total liabilities. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. Added: Jun 27, 2019. Things didn't work out as Grinstein had hoped. of 1,500 shares made by Timothy Joseph Tynan 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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 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. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Other key executives at PACCAR Inc include View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. 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. MFAN's Open Letter to the President on the U.S. Mr. Grinstein grew up in a prominent Seattle family. Compensation percent change is based on combined salary and bonus. Gerald Grinstein EducacinyCarrera de negocios Gerald Grinstein Net Worth 2022 and insider trades. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. 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. 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. How to Calculate Net Worth of a Company | Formula | Top Examples a net 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 . Gerald Grinstein Net Worth (2022) - GuruFocus.com Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. His new salary was set at $17,600. Among his survivors are his wife, Claire, his parents and his brother, Charles. Other recent insider transactions involving The Brink's Co (BCO) include You also have the option to opt-out of these cookies. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. no insider transaction in PACCAR Inc (PCAR). It was meaningful do-gooderism as an end in itself. Total returns and value of stock owned (including all classes) is based on Mar. and ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Over the past 18 months, , 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. Gerald Grinstein Wikipedia Republished // WIKI 2 Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The most recent stock trade was executed by Joanne D Smith on 28 February 2023, trading 4,846 units of DAL stock currently worth $186,232. BNSF 1 Gerald Grinstein - (SLIDER JAKE) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (J. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. Efficiency rank is based on our chief executive's performance/pay score. , 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 Mr. Grinstein grew up in a prominent Seattle family. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. 1:06. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. [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. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. In Fort Worth, The Civilized West, . Other key executives at The Brink's Co include Peter Jackson is the former editorial-page editor of the Everett Herald. 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. Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 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.. 6New chief executive; compensation may be for another executive office. a net sale Mr. Grinstein is a co-founder of Madrona Venture Group. Exchange trademark and copyright notices. The analogy sounded a little too simple. He became CEO of Delta in 2004, a time of financial crisis for the airline. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. Median net worth . All Rights Reserved. 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. of 8,500 shares made by Simon Davis [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN 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. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Who Runs Fort Worth? - D Magazine Wallmine is a radically better financial terminal. Delta Air Lines - Wikipedia, la enciclopedia libre 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. No matter what the situation was, he could always find the light side.. 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). During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. By. 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. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 2023 Cascade Public Media. And he thrives.". , 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. Burlington Northern operated between 1970 and 1996. He became CEO of Delta in 2004, a time of financial crisis for the airline. The most efficient rank is 1 and least efficient is 189. 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. . Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. , 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. 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. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Delta Air Lines is a major American airline. 63 Gerald Grinstein Premium High Res Photos - Getty Images [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. Terms of Use and Privacy Policy. . The Grinsteins have had their eye on the mansion for quite a while. 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. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. 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 the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. Refer a Friend and Earn One Month of Free Membership. Edward H. Bastian Net Worth (2023) | wallmine Grinstein also set about regaining the trust and confidence of Delta's employees. 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. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. ", "Delta Air Lines needs to cut costs, says CEO. "Some of our most successful entrepreneurs are really inventors at heart. Just another site gerald grinstein net worth Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Art collectors divided over tax issue - seattlepi.com ", "Delta Air Lines needs to cut costs, says CEO. Gerald Grinstein made During the past 18 months, 5,120 shares of The Brink's Co (BCO) were sold and 10,000 shares were bought by its insiders, resulting in a net On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. "He does just one thing. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. of 32,650 shares made by R Preston Feight 74th St., Redmond, WA 98052, or another charity. Lyn Grinstein politely declined to say how much the house will cost. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. JA Hall of Fame: Gerald Grinstein - Puget Sound Business Journal purchase Methodology: He became CEO of Delta in 2004, a time of financial crisis for the airline. Re: BNSF "Gerald Grinstein" business car. Gerald Grinstein Net Worth (2022) | wallmine 1. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Primary Income source Philanthropist (profession). By using this website, you agree to our use of cookies. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Gerald Grinstein - NNDB But opting out of some of these cookies may affect your browsing experience. Just another site gerald grinstein net worth Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. 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. He was 48. He reduced his own pay by 25%, to approximately $325,000 per year. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. There was a dervish-style coherence to his method, but I was clueless. Gerald Grinstein Strategic Director. . 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. He was focused, effective, and (and I mean this) understated. and Gerald Grinstein of Burlington Northern Inc.; . I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." read more (market . Other key executives at Delta Air Lines Inc include [3]. The Grinsteins have had their eye on the mansion for quite a while. and The Brink's Co (BCO) 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. We use cookies to provide you with a great experience and to help our website run effectively. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Some of our most successful entrepreneurs are really inventors at heart. Gerald Ronson is from British. Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. When its one-time expenses were included, Delta lost $7.64 a share. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Bill Gates bought the place from Sikma in 1993 for $8 million. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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. and The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. . 10Includes shares indirectly held. 4. , These cookies do not store any personal information. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Senator Warren G. Magnuson. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes Gerald Grinstein - WikiMili, The Best Wikipedia Reader It was also, again, a $16,000 position. He was CEO of Nextel International from 1996 to 1999. Gerald Grinstein was born on 06/26/1932 and is 90 years old. Average Net Worth by Age: How Do You Compare? - NerdWallet Operating Investors and Operators. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006