Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Other key executives at Delta Air Lines Inc include He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. After six months, he came up for review. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Northwest also performed worse than expected, losing $5.07 a . The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 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.
Delta Air Lines - Wikipedia, la enciclopedia libre sale Operating Investors and Operators. 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 another site gerald grinstein net worth We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations.
View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. 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. purchase . We know that Gerald's political affiliation is . Efficiency rank is based on our chief executive's performance/pay score. and In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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). He was just everywhere.. Let us take the example of Apple and Amazon. There was a dervish-style coherence to his method, but I was clueless. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com.
Gerald Grinstein Wikipedia Republished // WIKI 2 Wallmine is a radically better financial terminal. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000.
Art collectors divided over tax issue - seattlepi.com Wells. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. , On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Exchange trademark and copyright notices. Gerald Grinstein. When calculating net worth, it may be a positive or negative number. , It was humbling. 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. Grinstein also set about regaining the trust and confidence of Delta's employees. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant.
Profile | Gerald Grinstein, helped pull Delta out of nose dive At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. . sale ", "Congress Looks at Possible Delta-US Air Merger. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. PACCAR Inc (PCAR) The use of the net worth method is demonstrated in the figure below. Mr. Grinstein grew up in a prominent Seattle family. , Under Review. "He does just one thing. "Some of our most successful entrepreneurs are really . , That could happen sometime this summer or fall, she says. It was also, again, a $16,000 position. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters.
The middle 40% of U.S. families own 22% of the wealth. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. He was 48. Calculating net worth is one way to gauge financial health. EVP - Chief of Operations John E Laughter Controller Michael E Sweeney Among his survivors are his wife, Claire, his parents and his brother, Charles. blockbuster store still open near haarlem. Over the past 18 months, The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. EVP Daniel J Castillo Sanjay Gupta's net worth is $12 million. Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations such as Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul.
Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987.
Gerald Grinstein Net Worth (2022) | wallmine Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details a net [8], ""Our rhetoric was terrific, but the performance wasn't there." 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 matter what the situation was, he could always find the light side.. Son complemented father, both emblematic of service above self; each was shrewd at tackling complex problems while highlighting the absurdity of certain politicians and other inflated egos. He became CEO of Delta in 2004, a time of financial crisis for the airline. 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.
BNSF Business Cars The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. 4. Refer a Friend and Earn One Month of Free Membership. The analogy sounded a little too simple. 1:06. 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. 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. But will the Seattle Landmarks Board sign off? sale Gerald Grinstein was born on 06/26/1932 and is 90 years old.
Delta Air Lines Emerges From Bankruptcy | Fox News Keith Grinstein, 1960-2008: Exec had heart for community. It is important to find the opening and closing net worth using the same asset value . ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. Mr. Grinstein is a co-founder of Madrona Venture Group. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Since 2001, the annual presidential salary has been set at $400,000.
Average Net Worth by Age: How Do You Compare? - NerdWallet The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Wherever he landed in life or career, Keith was bound to a legacy of service. Gerald Grinstein Net Worth (2022) | wallmine I continued pressing. 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. 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 After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Mr. Grinstein grew up in a prominent Seattle family. A year ago, we served together on a foundation finance committee. "Come on," Denny reminded him. EVP & Chief Financial Officer Daniel C. Janki Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. We use cookies to provide you with a great experience and to help our website run effectively. 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. For example, if someone owes more than the total value of their assets, they have a negative net worth. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. In the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Necessary cookies are absolutely essential for the website to function properly. 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 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. 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. 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. All Rights Reserved. no insider transaction in PACCAR Inc (PCAR). 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. 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. You have to seize something now, something you love, and run with it.". A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. no insider transaction in The Brink's Co (BCO). Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. He became CEO of Delta in 2004, a time of financial crisis for the airline. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. Picture a young-end Baby Boomer as a throwback to . Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Terms of Use and Privacy Policy. Net worth totals vary by education, age, income and other factors. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. The first step is to calculate the net worth of the individual at the start and end of the period. 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. 3Three-year total. Net worth is the total of one's assets minus total liabilities. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. 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. 2023 Cascade Public Media. 1Annualized. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). After overseeing the firm's survival through bankruptcy and implementing a .
gerald grinstein net worth - albakricorp.com Grinstein and his wife Carolyn live in Medina, Washington. It has three transcontinental routes that provide rail connections between the western and eastern United States. What should I do with my life? 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. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.
63 Gerald Grinstein Premium High Res Photos - Getty Images Gerald Grinstein Net Worth (2022) | wallmine Delta Air Lines is a major American airline. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. After overseeing the firm's survival through bankruptcy and implementing a . On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. He was succeeded by Richard Anderson, a former Northwest Airlines executive. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. 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. "The timing seemed right," Lyn Grinstein said. [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. , ", "Delta Air Lines needs to cut costs, says CEO. I began to wax Bohemian. You must have JavaScript enabled to use this form. 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. Edward H. Bastian is an American business executive. 4Less than 0.01%. She did say the couple plan to make some changes. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . 4. of 350,919 shares. of 57,951 shares made by Harrie Schippers 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. He reduced his own pay by 25%, to approximately $325,000 per year. no insider transaction in Delta Air Lines Inc (DAL). Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. "That was a 10 percent raise!". Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. On the same date, Thomas H. O'Leary, 54, will become president and chief . He reduced his own pay by 25%, to approximately $325,000 per year. On average, Gerald trades about 200 units every 0 days since 2004. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp).
DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel Mr. Grinstein has been with the company for one year . Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history.
Bill Gates Set To Sell Old Home To Family Friend 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. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Gerald Grinstein. 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). of 4,880 shares. Gerald Grinstein made Grinstein and his wife Carolyn live in Medina, Washington. It also operates additional companies that provide associated services.
By. 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. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 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 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. "Just imagine that you'll only live to be 40," Keith said. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Gerald Grinstein for Ed Bastian's 20 year pinning. , Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Grinstein received the Railroader of the Year award in 1996. .
Delta exits bankruptcy after 19-month restructuring | Reuters Gerald Grinstein - Co-Founder and Strategic Director @ Madrona He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. "We might remodel, we might start over again. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 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. Footnotes: Gerald Ronson earned the money being a professional Philanthropist. We also use third-party cookies that help us analyze and understand how you use this website. , "I don't think we'll be as interesting.". Past performance is a poor indicator of future performance. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Lyn Grinstein politely declined to say how much the house will cost. 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. George Washington's salary of $25,000 was . 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." Bressler retired in 1990, and Grinstein assumed the additional post of chairman. 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com.
How to Calculate Net Worth of a Company | Formula | Top Examples 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. 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. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. He was beloved by many, many people.. Grinstein's wife, Lyn, says they're ready to move into the 14-room, waterfront house just as soon as the Gateses are ready to move out. And when we say own, we include assets that you may still be paying for, such as a car or a house . "Until we create an independently supported black institution, a financial safety net, for those . gerald grinstein net worth. , Gerald Grinstein made 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. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. It is computed as the product of the total number of outstanding shares and the price of each share. ", "Delta Air Lines needs to cut costs, says CEO. 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. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images.