Click here to see the complete history of Gerald Grinsteins form 4 insider trades. 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. And when we say own, we include assets that you may still be paying for, such as a car or a house . Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. [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. BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. . Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Will His AI Plans Be Any Different? Harkness Capital Partners Team. Fundamental company data provided by Morningstar, updated daily. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Grinstein also set about regaining the trust and confidence of Delta's employees. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Delta Air Lines Inc (DAL) He was succeeded by Richard Anderson, a former Northwest Airlines executive. Life is short. Mr. Grinstein has been with the company for one year . Gerald Grinstein Net Worth (2023) | wallmine In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. California Weighs $360,000 in Reparations to Eligible Black Residents. The most efficient rank is 1 and least efficient is 189. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. "He does just one thing. 1. Analysts predicted a loss of $4.76 a share excluding special items. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details [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. 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. Necessary cookies are absolutely essential for the website to function properly. Who Runs Fort Worth? - D Magazine Gerald Grinstein - Co-Founder and Strategic Director @ Madrona sale 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. "We aren't sure what we will do with it," she said. Keith Grinstein wheeled and dealt as a high-powered lawyer and executive who earned his spot at the top of Seattle's high-tech and . Gerald Grinstein made 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. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Delta Air Lines Emerges From Bankruptcy | Fox News Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. BUSINESS PEOPLE; Burlington Northern Names 2 Executives By using this website, you agree to our use of cookies. Just another site gerald grinstein net worth Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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. 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. 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. 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. 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. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Gerald Grinstein was born on 06/26/1932 and is 90 years old. Grinstein and his wife Carolyn live in Medina, Washington. Team | Harkness Capital Partners | Capital and Resources to Support Growth sale The Brink's Co (BCO) "That was a 10 percent raise!". PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. ", "Congress Looks at Possible Delta-US Air Merger. Calculating net worth is one way to gauge financial health. Bill Gates bought the place from Sikma in 1993 for $8 million. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. (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). Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. After overseeing the firm's survival through bankruptcy and implementing a . 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. purchase Author: burlingtonjohn. 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. of 8,500 shares made by Simon Davis According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." In 1997, it rebranded as US Airways. PACCAR Inc (PCAR) A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. "Just imagine that you'll only live to be 40," Keith said. 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 Under Review. All Rights Reserved. Gerald Grinstein - NNDB He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Median net worth . He is very patriotic when it comes to his business and personal life. Refer a Friend and Earn One Month of Free Membership. Stock quotes provided by InterActive Data. Gerald Grinstein, CEO Compensation - Forbes.com Gerald Grinstein - Address & Phone Number | Whitepages Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com But will the Seattle Landmarks Board sign off? , 24/7 Wall Street. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Other key executives at PACCAR Inc include Burlington Northern operated between 1970 and 1996. [3]. . When its one-time expenses were included, Delta lost $7.64 a share. 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. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. 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. 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. , 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. On average, Gerald trades about 200 units every 0 days since 2004. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. "Until we create an independently supported black institution, a financial safety net, for those . Gerald Grinstein Net Worth (2023) | wallmine In summary, during the past 3 months, insiders sold 30,856 shares of Delta Air Lines Inc (DAL) in total and bought 12,880 shares, with a net "The timing seemed right," Lyn Grinstein said. 74th St., Redmond, WA 98052, or another charity. He had an incredible sense of humor. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr Gerald Grinstein. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Gerald Grinstein - WikiMili, The Best Wikipedia Reader 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. Basketball. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. Gerald Grinstein EducacinyCarrera de negocios 6New chief executive; compensation may be for another executive office. . 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. no insider transaction in Delta Air Lines Inc (DAL). Its trucks are sold through over 2,300 independent dealers globally. That could happen sometime this summer or fall, she says. Vice President Paulo Henrique Bolgar 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. and 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 . Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on Gerald Grinstein - The William D. Ruckelshaus Center LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. You have to seize something now, something you love, and run with it.". These cookies will be stored in your browser only with your consent. ", "Congress Looks at Possible Delta-US Air Merger. EVP-Chief Cust Experience Offr Allison C Ausband 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. MFAN's Open Letter to the President on the U.S. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. . You also have the option to opt-out of these cookies. , 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. of 57,951 shares made by Harrie Schippers Net Worth Defined: What Is My Net Worth? - NerdWallet Gerald Grinstein Strategic Director. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic 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. See Jerry Grinstein's compensation, career history, education, & memberships. a net 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. Grinstein received the Railroader of the Year award in 1996.[3]. Gerald Grinstein Net Worth (2022) | wallmine sale EVP & Chief Financial Officer Daniel C. Janki Relative to market is the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the S&P 500 (a score of 100 = the S&P 500). DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel The 72 year old executive ranks 12 within Transportation Chief executive . The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. a net . NA: Not available or not applicable. gerald grinstein net worth. This investment adviser does not provide advice to individual investors. According to BRHS Burlington Bulletin #17, when informed that Budd was building a similar car for AT&SF President Fred Gurley (a former Q official), Murphy left the design details of the new car up to the Mechanical . 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. Gerald Grinstein for Ed Bastian's 20 year pinning. Exchange trademark and copyright notices. Lyn Grinstein politely declined to say how much the house will cost. Gerald Grinstein Net Worth (2022) | wallmine a net 4. Remembering Keith Grinstein | Crosscut I began to wax Bohemian. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 4. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion Gerald Grinstein made He became CEO of Delta in 2004, a time of financial crisis for the airline. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. AMR filed for Chapter11 bankruptcy protection in November 2011. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Gurus may be added or dropped from the GuruFocus site at any time. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. 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 . However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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. There was a dervish-style coherence to his method, but I was clueless. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. and Mr. Grinstein grew up in a prominent Seattle family. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. 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 co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. She did say the couple plan to make some changes. It was Keith's public-service baptism, the ballast for later life. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 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. Over the past 18 months, John Scott Kirby is an American executive currently serving as CEO of United Airlines. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. 63 Gerald Grinstein Premium High Res Photos - Getty Images He reduced his own pay by 25%, to approximately $325,000 per year. He was beloved by many, many people.. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Wise counsel from a wise man: Do one thing well. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc.