Refer a Friend and Earn One Month of Free Membership. I continued pressing. and a net Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. The Grinsteins have had their eye on the mansion for quite a while. , Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. [8]. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Mr. Grinstein is a co-founder of Madrona Venture Group. 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 It has three transcontinental routes that provide rail connections between the western and eastern United States. We know that Gerald's political affiliation is . sale His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. Its trucks are sold through over 2,300 independent dealers globally. , and 74th St., Redmond, WA 98052, or another charity. WOODS) BNSF 1 Gerald Grinstein - (J. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. He became CEO of Delta in 2004, a time of financial crisis for the airline. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. On the same date, Thomas H. O'Leary, 54, will become president and chief . "Some of our most successful entrepreneurs are really inventors at heart. 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. He was just everywhere.. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. and 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 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. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. 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. Gerald Grinstein is the director of The Brink's Co. . EVP Daniel J Castillo "We aren't sure what we will do with it," she said. Calculating net worth is one way to gauge financial health. Prior to working at Delta in 2001, he served as Vice President and Director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. "Just imagine that you'll only live to be 40," Keith said. "Until we create an independently supported black institution, a financial safety net, for those . , Enjoy a 7-Day Free Trial Thru Mar 11, 2023! 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 largest trade Gerald's ever made was buying 1,000 units of Delta Air Lines stock on 3 May 2007 worth over $21,750. Prior to joining BNI, he held positions including chairman and CEO of Western Airlines, partner in the law firm Preston, Torgrimson, Ellis & Hollman, chief counsel to the United States Senate Commerce Committee, counsel to the Merchant Marine & Transportation Subcommittee, and administrative assistant to U.S. Lyn Grinstein politely declined to say how much the house will cost. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 1. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. 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. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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. Net worth totals vary by education, age, income and other factors. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 5Prior-year data. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Delta Air Lines Inc (DAL) 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. purchase Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. . 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. These cookies will be stored in your browser only with your consent. (Gerald Grinstein says)(Brief Article). 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). Added: Jun 27, 2019. "Michael Jordan," Keith said. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 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 Let us take the example of Apple and Amazon. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. 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. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. The route network covered destinations in 47 states, as well as international destinations. Gerald Grinstein Net Worth (2022) | wallmine 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. 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Efficiency rank is based on our chief executive's performance/pay score. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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 . . That could happen sometime this summer or fall, she says. Exchange trademark and copyright notices. Other recent insider transactions involving Delta Air Lines Inc (DAL) include 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. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. He became CEO of Delta in 2004, a time of financial crisis for the airline. Bar: District of Columbia, Washington. "That was a 10 percent raise!". 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . We use cookies to provide you with a great experience and to help our website run effectively. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. His father, Gerald Grinstein, is a former CEO of . The company's only surviving airline, Pinnacle, became Endeavor Air. . Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 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. 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. 1Annualized. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Gerald Grinstein. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 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. 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) Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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 previously served as President of US Airways and American Airlines, as well as President of United Airlines from 2016 to 2020, when he was promoted as CEO. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. "He does just one thing. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. WOODS) BNSF 1 Gerald Grinstein - (E.C. Follow him on Twitter @phardinjackson. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Picture a young-end Baby Boomer as a throwback to . and Wherever he landed in life or career, Keith was bound to a legacy of service. Hmmm. of 17,976 shares. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. It is mandatory to procure user consent prior to running these cookies on your website. He was a Board Member of the Seattle Symphony and The Seattle Foundation. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Mr. Grinstein grew up in a prominent Seattle family. Gerald Grinstein Strategic Director. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. C.E. Peter Jackson is the former editorial-page editor of the Everett Herald. of 24,590 shares made by William C Carroll a net This category only includes cookies that ensures basic functionalities and security features of the website. Gurus may be added or dropped from the GuruFocus site at any time. The 72 year old executive ranks 12 within Transportation Chief executive . (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). Northwest also performed worse than expected, losing $5.07 a . 4Less than 0.01%. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. John Scott Kirby is an American executive currently serving as CEO of United Airlines. 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. 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. no insider transaction in PACCAR Inc (PCAR). 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. Gerald Grinstein was American air transportation executive. 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. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. "We might remodel, we might start over again. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. This investment adviser does not provide advice to individual investors. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. sale The Grinsteins have had their eye on the mansion for quite a while. NA: Not available or not applicable. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. George Washington's salary of $25,000 was . From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. ", "Congress Looks at Possible Delta-US Air Merger. Controller Michael E Sweeney 0:01. V.P. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Other recent insider transactions involving PACCAR Inc (PCAR) include In addition, he makes $615,987 as CEO & Director at Delta Air Lines. The Brink's Co (BCO) Re: BNSF "Gerald Grinstein" business car. I was acting the obnoxious Hamlet. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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." sale Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. 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. 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. 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's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. gerald grinstein net worth. 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. MFAN's Open Letter to the President on the U.S. 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. Basketball. 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. In addition to his work in medicine and broadcast journalism, he has . Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. NM: Not meaningful. 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. Gerald Grinstein Net Worth (2022) | wallmine "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. OFFICER John N Rich 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. 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. The analogy sounded a little too simple. Fundamental company data provided by Morningstar, updated daily. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. sale , UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. sale Gerald Grinstein. 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. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. ", 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.