gerald grinstein net worth
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 . But opting out of some of these cookies may affect your browsing experience. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 1:06. "We aren't sure what we will do with it," she said. 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. EVP Daniel J Castillo Grinstein also set about regaining the trust and confidence of Delta's employees. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. of 3,017 shares made by Todd R Hubbard 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. 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. 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. Delta Air Lines Inc (DAL) Just another site gerald grinstein net worth Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. We know that Gerald's political affiliation is . After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. He was just everywhere.. It has three transcontinental routes that provide rail connections between the western and eastern United States. a net Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Senator Warren G. Magnuson. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. 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. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Author: burlingtonjohn. "Some of our most successful entrepreneurs are really inventors at heart. 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. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. Mr. Grinstein is a co-founder of Madrona Venture Group. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. It is mandatory to procure user consent prior to running these cookies on your website. Other key executives at PACCAR Inc include Im kind of in shock still, said Rick Yoder, owner of the Wild Ginger restaurant in downtown Seattle, where Mr. Grinstein was both an investor and regular patron. 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. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. On average, Gerald trades about 200 units every 0 days since 2004. ", "Delta Air Lines needs to cut costs, says CEO. . ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. 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. Keith made some jokes at his own expense and finally leaned forward and said something quasi-Scandanavian, a sentiment that spoke to my Ingmar Bergman-esque soul. BNSF Railway is one of the largest freight railroads in North America. He was 48. Compensation rank is based on total compensation for latest fiscal year. 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. EVP & Chief Financial Officer Daniel C. Janki Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. It was humbling. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 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. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Anderson inherited an angry board of directors and impatient . The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. . Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. There isnt anyone in business in Seattle who doesnt know Keith. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. and I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." AMR filed for Chapter11 bankruptcy protection in November 2011. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. All Rights Reserved. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. It was Keith's public-service baptism, the ballast for later life. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. OFFICER John N Rich The Bottom Line. His father, Gerald Grinstein, is a former CEO of . Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. I was acting the obnoxious Hamlet. Bar: District of Columbia, Washington. 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. Exchange trademark and copyright notices. 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. Grinstein and his wife Carolyn live in Medina, Washington. Email. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 74th St., Redmond, WA 98052, or another charity. ""Our rhetoric was terrific, but the performance wasn't there." V.P. ATLANTA Gerald Grinstein took the helm of Delta Air Lines at an age when many chief executives have given up the corner office for leisurely days of fly fishing or . of 5,120 shares made by Rohan Pal ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. , 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." Gurus may be added or dropped from the GuruFocus site at any time. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Mr. Grinstein grew up in a prominent Seattle family. a net The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. 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. Jerry is also a board member of the William D. Ruckelshaus Center. purchase . Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Start a company in the Pacific Northwest. Wells. gerald grinstein net worth. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. (Gerald Grinstein says)(Brief Article). 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 company's only surviving airline, Pinnacle, became Endeavor Air. 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. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. "Michael Jordan," Keith said. sale On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Gerald Grinstein Strategic Director. 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. Operating Investors and Operators. 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. Under Review. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Musk Made a Mess at Twitter. (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). EVP - Chief of Operations John E Laughter ", "Delta Air Lines needs to cut costs, says CEO. He became CEO of Delta in 2004, a time of financial crisis for the airline. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . 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. Grinstein received the Railroader of the Year award in 1996. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. no insider transaction in The Brink's Co (BCO). The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Will His AI Plans Be Any Different? 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. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. and , Controller Michael E Sweeney a net sale From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Total returns and value of stock owned (including all classes) is based on Mar. 10Includes shares indirectly held. [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. Wise counsel from a wise man: Do one thing well. 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 9Received options or restricted stock in lieu of portion of bonus. of 8,500 shares made by Simon Davis Burlington Northern operated between 1970 and 1996. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. 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). [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. The Grinsteins have had their eye on the mansion for quite a while. The 72 year old executive ranks 12 within Transportation Chief executive . James Moon Whitehurst is an American business executive. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. By using this website, you agree to our use of cookies. Grinstein also set about regaining the trust and confidence of Delta's employees. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. See Jerry Grinstein's compensation, career history, education, & memberships. 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. Methodology: US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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. & CHIEF TECH. 4. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. a net 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. Past performance is a poor indicator of future performance. 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. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. 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. "We might remodel, we might start over again. Stock quotes provided by InterActive Data. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. and 2004-2023 GuruFocus.com, LLC. 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