Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Gerald Grinstein - Harkness Capital Partners 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. 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. 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. 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. 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. 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. You must have JavaScript enabled to use this form. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Re: BNSF "Gerald Grinstein" business car. Gerald Grinstein Net Worth (2023) | wallmine By using this website, you agree to our use of cookies. He reduced his own pay by 25%, to approximately $325,000 per year. Gerald Grinstein - Wikipedia Gerald Grinstein. of 350,919 shares. . gerald grinstein net worth - albakricorp.com Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Fundamental company data provided by Morningstar, updated daily. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. (Gerald Grinstein says)(Brief Article). Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. I continued pressing. sale Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). US Airways Group Inc. was an airline holding company based in Tempe, Arizona. When its one-time expenses were included, Delta lost $7.64 a share. , The first step is to calculate the net worth of the individual at the start and end of the period. Basketball. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Start a company in the Pacific Northwest. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Exchange trademark and copyright notices. a net At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. [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. The car was built in 1952 for then CB&Q President Harry Murphy. V.P. Mr. Grinstein has been with the company for one year . Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. To witness Keith together with his dad, Gerry, a former hand of Sen. Warren Magnuson and the recent former Delta Air Lines CEO, was to experience the science fiction of H.G. 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). Other recent insider transactions involving The Brink's Co (BCO) include Author: burlingtonjohn. No matter what the situation was, he could always find the light side.. Gerald Grinstein made He was CEO of Nextel International from 1996 to 1999. Some of our most successful entrepreneurs are really inventors at heart. Profile | Gerald Grinstein, helped pull Delta out of nose dive To calculate your net worth, take inventory of what you own, as well as your outstanding debt. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. It also operates additional companies that provide associated services. 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 Grinstein is the director of The Brink's Co. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Gerald Grinstein, CEO Compensation - Forbes.com (Gerald Grinstein says)(Brief Article). Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. 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. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Mullin achieved particular prominence following the September 11, 2001 tragedy when, with the airline industry on the brink of failure, he served as the chief legislative and public spokesperson for the industrys recovery program. It was humbling. 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. Mr Bastian owns over 47,500 units of Delta Air Lines stock worth over $15,301,796 and over the last 18 years he sold DAL stock worth over $40,887,727. We'll focus on the median and average net worth figures for different age groups: Age of head of family. Gerald Grinstein profile | Delta News Hub It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. He was 48. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. why was carrie's sister dropped from king of queens . However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. , 4. 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. The company's only surviving airline, Pinnacle, became Endeavor Air. 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 of 153,713 shares. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. I was acting the obnoxious Hamlet. 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. 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. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Delta's restructuring is projected to more than halve its net debt to $7.6 billion at the end of 2007 from $16.9 billion at June 30, 2005, it said. The most efficient rank is 1 and least efficient is 189. He became CEO of Delta in 2004, a time of financial crisis for the airline. Just another site gerald grinstein net worth Grinstein also set about regaining the trust and confidence of Delta's employees. 4. Necessary cookies are absolutely essential for the website to function properly. It is important to find the opening and closing net worth using the same asset value . Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Bar: District of Columbia, Washington. Even before that, every president has been paid well. of 4,880 shares. Other key executives at PACCAR Inc include [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. no insider transaction in Delta Air Lines Inc (DAL). 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. Other key executives at Delta Air Lines Inc include Gerald Grinstein Net Worth (2007) Delta Air Lines Inc Insider Trades (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). Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 1470: BNSF 1: Gerald Grinstein: Budd: 1952: Business 2 suites, Buffet, w/kitchen lounge: ex-CB&Q: 1471: BNSF 4: Missouri River: Pullman: 1955: Business 2 suites . 51.5 million families are in this group. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . , Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Other key executives at The Brink's Co include 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. 200 + Signatories on MFAN's Open Letter | MFAN and UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). a net 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. A year ago, we served together on a foundation finance committee. Gerald Grinstein Strategic Director. Net worth is the total of one's assets minus total liabilities. She did say the couple plan to make some changes. Gurus may be added or dropped from the GuruFocus site at any time. In Fort Worth, The Civilized West, . sale 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. purchase Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate 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. 10Includes shares indirectly held. Hmmm. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. In addition to his work in medicine and broadcast journalism, he has . EVP Daniel J Castillo 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. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 purchase Compensation percent change is based on combined salary and bonus. Peter Jackson is the former editorial-page editor of the Everett Herald. Gerald Grinstein is the director of PACCAR Inc. Del Quentin Wilber. Among his survivors are his wife, Claire, his parents and his brother, Charles. and Gerald Grinstein of Burlington Northern Inc.; . 1Annualized. and He became CEO of Delta in 2004, a time of financial crisis for the airline. 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 . "I don't think we'll be as interesting.". He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. The Grinsteins have had their eye on the mansion for quite a while. , Under Review. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Gerald Grinstein. 0:01. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion These cookies do not store any personal information. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. and John Scott Kirby is an American executive currently serving as CEO of United Airlines. He had an incredible sense of humor. of 0 shares. He was 48. The Brink's Co (BCO) 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Added: Jun 27, 2019. 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. [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. Net Worth Defined: What Is My Net Worth? - NerdWallet Life is short. This investment adviser does not provide advice to individual investors. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. This website uses cookies to improve your experience while you navigate through the website. 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.