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) . 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. Delta Air Lines Inc (DAL) He was focused, effective, and (and I mean this) understated. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 10Includes shares indirectly held. . Other recent insider transactions involving PACCAR Inc (PCAR) include Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Picture a young-end Baby Boomer as a throwback to . [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. gerald grinstein net worth. "We aren't sure what we will do with it," she said. BNSF Business Cars UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Most recently, Mr. Grinstein was chairman of Coinstar, a Bellevue-based operator of coin-counting machines, as well as a director of Seattle technology company F5 Networks and Tacoma-based staffing agency TrueBlue. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. of 0 shares. (Gerald Grinstein says)(Brief Article). During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. It also operates additional companies that provide associated services. 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. OFFICER John N Rich The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. and Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". George Washington's salary of $25,000 was . Edward H. Bastian Net Worth (2023) | wallmine , 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. "Until we create an independently supported black institution, a financial safety net, for those . 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. 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 "That was a 10 percent raise!". WOODS) BNSF 1 Gerald Grinstein - (E.C. Art collectors divided over tax issue - seattlepi.com 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." a net Just another site gerald grinstein net worth a net View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. "The timing seemed right," Lyn Grinstein said. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Other key executives at The Brink's Co include 2004-2023 GuruFocus.com, LLC. Gerald Grinstein (born 1932), American air transportation executive Grinstein received the Railroader of the Year award in 1996. It has three transcontinental routes that provide rail connections between the western and eastern United States. 10 Things You Didn't Know about Delta CEO Edward Bastian - Money Inc Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 7Less than $100,000. a net VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 2Four-year total. Median net worth . Basketball. 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. 1Annualized. "The timing seemed right," Lyn Grinstein said. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. There was a dervish-style coherence to his method, but I was clueless. Total returns and value of stock owned (including all classes) is based on Mar. The 72 year old executive ranks 12 within Transportation Chief executive . 6New chief executive; compensation may be for another executive office. Burlington Northern operated between 1970 and 1996. The Air Line Pilots Association, International (ALPA) is the largest pilot union in the world, representing more than 59,000 pilots from 35 U.S. and Canadian airlines. Controller Michael E Sweeney Compensation rank is based on total compensation for latest fiscal year. The company's only surviving airline, Pinnacle, became Endeavor Air. 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. BUSINESS PEOPLE; Burlington Northern Names 2 Executives All content in this area was uploaded by Mark Tatge on Feb 28, 2015 Keith was, make no mistake, a frenetic presence. Gurus may be added or dropped from the GuruFocus site at any time. 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.. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). of 3,017 shares made by Todd R Hubbard 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. A year ago, we served together on a foundation finance committee. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. , Grinstein and his wife Carolyn live in Medina, Washington. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). 1. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. 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From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). BNSF "Gerald Grinstein" business car - Trainorders.com Discussion 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. [3]. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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 received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. of 8,500 shares made by Simon Davis He became CEO of Delta in 2004, a time of financial crisis for the airline. Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service. Analysts predicted a loss of $4.76 a share excluding special items. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. The estimated Net Worth of Gerald Grinstein is at least Delta Air Lines stock worth over $38,620 and over the last 18 years Gerald sold DAL stock worth over $0 For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. 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. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Gerald Grinstein is the director of PACCAR Inc. V.P. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Gerald Grinstein Net Worth (2022) | wallmine gerald grinstein net worth - wellofinspiration.stream On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Terms of Use and Privacy Policy. His new salary was set at $17,600. of 32,650 shares made by R Preston Feight 4. He was a Board Member of the Seattle Symphony and The Seattle Foundation. and Gerald Grinstein. The Grinsteins have had their eye on the mansion for quite a while. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. 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. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. He became CEO of Delta in 2004, a time of financial crisis for the airline. Life is short. Gerald Grinstein Net Worth (2022) - GuruFocus.com Gerald Grinstein - Wikipedia 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. Who Runs Fort Worth? - D Magazine Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. Vice President Paulo Henrique Bolgar WOODS) BNSF 1 Gerald Grinstein - (J. 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. Gerald Grinstein - Co-Founder and Strategic Director @ Madrona 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 . and Gerald Grinstein Strategic Director. We also use third-party cookies that help us analyze and understand how you use this website. NA: Not available or not applicable. He became CEO of Delta in 2004, a time of financial crisis for the airline. sale of 24,590 shares made by William C Carroll Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Wells. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. ", 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. It was also, again, a $16,000 position. Harkness Capital Partners Team. Gerald Grinstein Net Worth 2022 and insider trades. 200 + Signatories on MFAN's Open Letter | MFAN Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Team | Harkness Capital Partners | Capital and Resources to Support Growth What Is Net Worth? - The Balance Wallmine is a radically better financial terminal. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . 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. 2023 Cascade Public Media. 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. Re: BNSF "Gerald Grinstein" business car. Stock quotes provided by InterActive Data. 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 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 He was succeeded by Richard Anderson, a former Northwest Airlines executive. He became CEO of Delta in 2004, a time of financial crisis for the airline. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. He was just everywhere.. "He does just one thing. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. 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. 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. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Gerald Grinstein - NNDB 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) Grinstein received the Railroader of the Year award in 1996.[3]. Gerald Grinstein - Harkness Capital Partners purchase Gerald Grinstein Net Worth (2022) | wallmine ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. 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. EVP - Chief of Operations John E Laughter 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. sale Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Mr. Grinstein has been with the company for one year . Delta exits bankruptcy after 19-month restructuring | Reuters sale The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Added: Jun 27, 2019. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Founding Partner, Harkness Capital Partners LLC. 0:01. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. , By using this website, you agree to our use of cookies. Compensation rank is based on total compensation for latest fiscal year. Since 2001, the annual presidential salary has been set at $400,000. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Senator Warren G. Magnuson. What should I do with my life? Primary Income source Philanthropist (profession). . gerald grinstein net worth He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. . CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. (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). For example, if someone owes more than the total value of their assets, they have a negative net worth. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. MFAN's Open Letter to the President on the U.S. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Let us take the example of Apple and Amazon. Gerald Grinstein. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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. ", "Delta Air Lines needs to cut costs, says CEO. Other key executives at Delta Air Lines Inc include Footnotes: Delta Air Lines is a major American airline. This category only includes cookies that ensures basic functionalities and security features of the website. 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. of 29,672 shares made by Joanne D Smith CASO 1 DE INTELIGENCIA EMOCIONAL - Blogger Compensation percent change is based on combined salary and bonus. a net A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. He was CEO of Nextel International from 1996 to 1999. 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. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. "Until we create an independently supported black institution, a financial safety net, for those . Average Net Worth by Age - SmartAsset Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Over the past 18 months, Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. of 1,500 shares made by Timothy Joseph Tynan Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. He became CEO of Delta in 2004, a time of financial crisis for the airline. Fundamental company data provided by Morningstar, updated daily. , . Gerald Grinstein profile | Delta News Hub 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 Operating Investors and Operators. DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel In Fort Worth, The Civilized West, . of 22,000 shares made by David S Taylor PACCAR Inc (PCAR) 51.5 million families are in this group. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Exchange trademark and copyright notices. 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. no insider transaction in The Brink's Co (BCO). Email. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. , In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. 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. 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Mr. Grinstein grew up in a prominent Seattle family. BNSF Railway is one of the largest freight railroads in North America. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel Calculating net worth is one way to gauge financial health. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. 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. Bill Gates Set To Sell Old Home To Family Friend a net [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.
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