The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. 10Includes shares indirectly held. , "Some of our most successful entrepreneurs are really . a net The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. no insider transaction in The Brink's Co (BCO). Gerald Grinstein Net Worth 2022 and insider trades. Gerald Ronson earned the money being a professional Philanthropist. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Other recent insider transactions involving Delta Air Lines Inc (DAL) include 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. After overseeing the firm's survival through bankruptcy and implementing a . purchase of 5,120 shares made by Rohan Pal Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. EVP & Chief Financial Officer Daniel C. Janki A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. 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 is the director & Chief Executive Officer of Delta Air Lines Inc. Musk Made a Mess at Twitter. of 24,590 shares made by William C Carroll "Until we create an independently supported black institution, a financial safety net, for those . The use of the net worth method is demonstrated in the figure below. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 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. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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. Gerald Grinstein was born on 06/26/1932 and is 90 years old. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Edward H. Bastian is an American business executive. Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Seattle Times researcher David Turim contributed to this story. (Gerald Grinstein says)(Brief Article). Enjoy a 7-Day Free Trial Thru Mar 11, 2023! [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Delta Air Lines is a major American airline. The 72 year old executive ranks 12 within Transportation Chief executive . Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. BNSF No. Gurus may be added or dropped from the GuruFocus site at any time. 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 I continued pressing. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Basketball. Since 2001, the annual presidential salary has been set at $400,000. It was an improvement over the first quarter of 2003, when Delta reported $466 million in losses as the Iraq war kicked off and the SARS outbreak in Asia caused international travel to plummet . 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 . 9Received options or restricted stock in lieu of portion of bonus. Compensation rank is based on total compensation for latest fiscal year. Sanjay Gupta's net worth is $12 million. When its one-time expenses were included, Delta lost $7.64 a share. of 153,713 shares. Grinstein and his wife Carolyn live in Medina, Washington. AMR filed for Chapter11 bankruptcy protection in November 2011. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. [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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. a net 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. He was the President at IBM and chair of the board at Red Hat, and previously Chief Executive Officer at Red Hat and Chief Operating Officer at Delta Air Lines. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. EVP Daniel J Castillo I began to wax Bohemian. We'll focus on the median and average net worth figures for different age groups: Age of head of family. , After six months, he came up for review. Primary Income source Philanthropist (profession). GuruFocus.com is not operated by a broker or a dealer. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. , 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. Other key executives at Delta Air Lines Inc include , Senator Warren G. Magnuson. You also have the option to opt-out of these cookies. . Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The Brink's Co (BCO) Other recent insider transactions involving PACCAR Inc (PCAR) include Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). of 3,017 shares made by Todd R Hubbard Even before that, every president has been paid well. Gerald Grinstein. , The company's only surviving airline, Pinnacle, became Endeavor Air. Grinstein received the Railroader of the Year award in 1996.[3]. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. , From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 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. This website uses cookies to improve your experience while you navigate through the website. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 8Received options or restricted stock in lieu of portion of salary. In 1997 Harris and Steve Wolf signed a strategic agreement between Air Canada and United Airlines, producing what is now the Star Alliance, which grew to become the world's largest global airline alliance. , ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Things didn't work out as Grinstein had hoped. , Email. 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. Other key executives at The Brink's Co include [3]. 7Less than $100,000. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . EVP-Chief Cust Experience Offr Allison C Ausband Grinstein also set about regaining the trust and confidence of Delta's employees. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Peter Jackson is the former editorial-page editor of the Everett Herald. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. . BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. "Michael Jordan," Keith said. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. 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. 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. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Gerald Grinstein. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. purchase He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. sale After overseeing the firm's survival through bankruptcy and implementing a . But will the Seattle Landmarks Board sign off? Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . The most efficient rank is 1 and least efficient is 189. Controller Michael E Sweeney A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. For example, if someone owes more than the total value of their assets, they have a negative net worth. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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. 24/7 Wall Street. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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 author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Wherever he landed in life or career, Keith was bound to a legacy of service. 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. 1:06. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. He reduced his own pay by 25%, to approximately $325,000 per year. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. a net , blockbuster store still open near haarlem. [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. . Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. 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. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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Gerald Grinstein Net Worth (2022) | wallmine He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. Under Review. 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. All Rights Reserved. ", "Delta Air Lines needs to cut costs, says CEO. and 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 By. Over the past 18 months, 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. a net Total returns and value of stock owned (including all classes) is based on Mar. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Harkness Capital Partners Team. Picture a young-end Baby Boomer as a throwback to . She did say the couple plan to make some changes. John Scott Kirby is an American executive currently serving as CEO of United Airlines. sale Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Mr. Grinstein grew up in a prominent Seattle family. 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. 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." Gerald Grinstein made Terms of Use and Privacy Policy. MFAN's Open Letter to the President on the U.S. 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. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. . 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.