Other recent insider transactions involving PACCAR Inc (PCAR) include He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 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. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. All Rights Reserved. No matter what the situation was, he could always find the light side.. . Added: Jun 27, 2019. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. But opting out of some of these cookies may affect your browsing experience. 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. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. You have to seize something now, something you love, and run with it.". Life is short. In Fort Worth, The Civilized West, . sale sale Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. WOODS) BNSF 1 Gerald Grinstein - (J. Mr. Grinstein is a graduate of Yale College and Harvard Law School. 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. 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. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. 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. It was also, again, a $16,000 position. 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 . 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. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Basketball. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. . A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Grinstein also set about regaining the trust and confidence of Delta's employees. of 153,713 shares. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He reduced his own pay by 25%, to approximately $325,000 per year. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. You must have JavaScript enabled to use this form. And when we say own, we include assets that you may still be paying for, such as a car or a house . Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. He had an incredible sense of humor. of 29,672 shares made by Joanne D Smith of 57,951 shares made by Harrie Schippers no insider transaction in The Brink's Co (BCO). Seattle Times researcher David Turim contributed to this story. He was 48. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Gerald Grinstein made 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. 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 . 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. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. But will the Seattle Landmarks Board sign off? 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 Bottom Line. Efficiency rank is based on our chief executive's performance/pay score. 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). Grinstein was the CEO of Delta Air Lines from 2004 to 2007. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. [8], ""Our rhetoric was terrific, but the performance wasn't there." Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. 1:06. Here's why, Human Elements: Reviving Indigenous methods of habitat restoration, Kirkland vigil marks one year of war in Ukraine, Pacific Science Center plans to transform its iconic pools, Oh deer: Thriving herds are overcrowding the San Juan Islands, Refuge After War: Vietnamese and Afghan refugees take similar paths, Sign up for the Crosscut Weekly newsletter, This WA bill could make it easier and safer to change your name, WA's government transparency committee is ready to call it quits, WA lawmakers work to keep public records from the public again, At Seattle Opera, A Thousand Splendid Suns burns brightly, ArtSEA: Comedy, dance and bankruptcy, now showing on Seattle stages, Seattle's Third Avenue Project takes a new approach to old problems, Some farmers question WA state's plan to pay workers overtime, Seattle has a Green Lake-sized hole in its tree canopy, study shows, Planting the seeds for Washington's forest restoration efforts, As crypto mines aim for climate action, critics call greenwashing. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . "Michael Jordan," Keith said. WOODS) BNSF 1 Gerald Grinstein - (E.C. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). . 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. Things didn't work out as Grinstein had hoped. "Some of our most successful entrepreneurs are really . "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". BOX 20574, ATLANTA, GA, 30320. ", "Delta Air Lines needs to cut costs, says CEO. sale MFAN's Open Letter to the President on the U.S. She did say the couple plan to make some changes. "The timing seemed right," Lyn Grinstein said. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. 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. 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 Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service. 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. 4. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. When the company emerged from Chapter 11 in 2007 . and So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. [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. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Gerald Grinstein for Ed Bastian's 20 year pinning. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. a net [3]. "That was a 10 percent raise!". read more (market . Net worth is the total of one's assets minus total liabilities. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. purchase Mr. Grinstein grew up in a prominent Seattle family. 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. Delta Air Lines is a major American airline. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Then you get to live here.. He was succeeded by Richard Anderson, a former Northwest Airlines executive. . 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. 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 bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Del Quentin Wilber. 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. 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 (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). 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. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. GuruFocus.com is not operated by a broker or a dealer. of 5,120 shares made by Rohan Pal Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. . 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 . When calculating net worth, it may be a positive or negative number. 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. The Grinsteins have had their eye on the mansion for quite a while. He was just everywhere.. 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 is airlines, with a network of over 300 destinations in more than 50 countries. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. of 350,919 shares. 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. Gerald Grinstein Net Worth 2022 and insider trades. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. sale Click here to see the complete history of Gerald Grinsteins form 4 insider trades. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Grinstein also set about regaining the trust and confidence of Delta's employees. EVP-Chief Cust Experience Offr Allison C Ausband , On average, Gerald trades about 200 units every 0 days since 2004. why was carrie's sister dropped from king of queens . Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 4. A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. 5Prior-year data. 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. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. Gerald Grinstein is the director of The Brink's Co. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. . EVP - Chief of Operations John E Laughter Wallmine is a radically better financial terminal. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. gerald grinstein net worth. EVP & Chief Financial Officer Kurt B Mcmaken From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 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. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. 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. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. On the same date, Thomas H. O'Leary, 54, will become president and chief . Wherever he landed in life or career, Keith was bound to a legacy of service. "Until we create an independently supported black institution, a financial safety net, for those . 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. Since 2001, the annual presidential salary has been set at $400,000. 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 .