gerald grinstein net worth

EVP Daniel J Castillo 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Let us take the example of Apple and Amazon. Efficiency rank is based on our chief executive's performance/pay score. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 4Less than 0.01%. a net On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. why is accuracy important in customer service. "Some of our most successful entrepreneurs are really . , 51.5 million families are in this group. of 5,120 shares made by Rohan Pal In Fort Worth, The Civilized West, . Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Grinstein also set about regaining the trust and confidence of Delta's employees. 1. The route network covered destinations in 47 states, as well as international destinations. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. sale Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. 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 sale David Brown I began to wax Bohemian. , 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 . During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 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) . 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. and 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. We also use third-party cookies that help us analyze and understand how you use this website. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . 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. Keith was, make no mistake, a frenetic presence. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. and , All Rights Reserved. But will the Seattle Landmarks Board sign off? 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. a net Past performance is a poor indicator of future performance. "He does just one thing. 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. It also operates additional companies that provide associated services. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Gerald Grinstein is the director of PACCAR Inc. 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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 Grinstein is the director of The Brink's Co. [3]. . What is Gerald Grinstein's Net Worth? purchase The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Just another site gerald grinstein net worth 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 When its one-time expenses were included, Delta lost $7.64 a share. and 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. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. That could happen sometime this summer or fall, she says. Harkness Capital Partners Team. Re: BNSF "Gerald Grinstein" business car. Jerry is also a board member of the William D. Ruckelshaus Center. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Mr. Grinstein is a graduate of Yale College and Harvard Law School. 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. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. "I don't think we'll be as interesting.". AMR filed for Chapter11 bankruptcy protection in November 2011. Mr. Grinstein is a co-founder of Madrona Venture Group. ", "Congress Looks at Possible Delta-US Air Merger. 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. California Weighs $360,000 in Reparations to Eligible Black Residents. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Picture a young-end Baby Boomer as a throwback to . Gerald Grinstein was American air transportation executive. 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. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 3Three-year total. Grinstein and his wife Carolyn live in Medina, Washington. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Net worth totals vary by education, age, income and other factors. 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). He was CEO of Nextel International from 1996 to 1999. of 8,500 shares made by Simon Davis ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. , 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". and Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. NM: Not meaningful. By. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Compensation percent change is based on combined salary and bonus. ". Analysts predicted a loss of $4.76 a share excluding special items. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. After overseeing the firm's survival through bankruptcy and implementing a . Some of our most successful entrepreneurs are really inventors at heart. Compensation rank is based on total compensation for latest fiscal year. Mr. Grinstein grew up in a prominent Seattle family. He was beloved by many, many people.. of 17,976 shares. 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. Its trucks are sold through over 2,300 independent dealers globally. "We aren't sure what we will do with it," she said. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. His new salary was set at $17,600. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. ", 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. He worked as a lawyer in New York and Washington, D.C., before returning to Seattle in the late 1980s to join McCaw Cellular Communications (later AT&T Wireless Services). Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. 2Four-year total. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 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. 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. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. We know that Gerald's political affiliation is . Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. (Gerald Grinstein says)(Brief Article). 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. Thanks to your hard work and dedicated efforts, we garnered an unprecedented amount of support for reforming U.S. development from businesses, NGOs, think tanks, prominent individuals, Continue reading 200 + Signatories on MFAN's . 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. Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. "That was a 10 percent raise!". . A year ago, we served together on a foundation finance committee. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Fundamental company data provided by Morningstar, updated daily. 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. Gerald Grinstein Net Worth (2022) | wallmine The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. 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 . The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Other key executives at PACCAR Inc include Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Gerald Ronson is from British. For example, if someone owes more than the total value of their assets, they have a negative net worth. The first step is to calculate the net worth of the individual at the start and end of the period. Primary Income source Philanthropist (profession). 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. "What can you say that you did with your life? Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 It was a dance of identical twins with one time-traveling sibling three decades younger than the other. and Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Keith Grinstein, 1960-2008: Exec had heart for community. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . ", "Delta Air Lines needs to cut costs, says CEO. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 30, 2006 stock price. Even today, this paint scheme is simply referred to as either "Grinstein" or "Executive" paint and many of the SD70MACs on the roster still sport this scheme. This category only includes cookies that ensures basic functionalities and security features of the website. He is very patriotic when it comes to his business and personal life. All Rights Reserved. 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. You have to seize something now, something you love, and run with it.". He was 48. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. 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 Net Worth (2022) | wallmine 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. The car was built in 1952 for then CB&Q President Harry Murphy. of 22,000 shares made by David S Taylor It was humbling. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. On average, Gerald trades about 200 units every 0 days since 2004. a net On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. 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. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Grinstein received the Railroader of the Year award in 1996.[3]. Mr. Grinstein grew up in a prominent Seattle family. of 350,919 shares. 2023 Cascade Public Media. , Terms of Use and Privacy Policy. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Stock quotes provided by InterActive Data. "Some of our most successful entrepreneurs are really inventors at heart. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). 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). 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. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 9Received options or restricted stock in lieu of portion of bonus. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Gerald Grinstein Strategic Director. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. Vice President Paulo Henrique Bolgar 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. Footnotes: According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. "Just imagine that you'll only live to be 40," Keith said. Net worth is the total of one's assets minus total liabilities. Gerald Grinstein. Gupta has several connections to Atlanta, where he is the Chief Medical Correspondent for CNN, associate chief of neurosurgery at Grady Memorial Hospital, and assistant professor of neurosurgery at Emory University School of Medicine. 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.

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