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3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection 2004-2023 GuruFocus.com, LLC. You have to seize something now, something you love, and run with it.". Gurus may be added or dropped from the GuruFocus site at any time. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. When calculating net worth, it may be a positive or negative number. With the merger that formed The Burlington Northern, the car became the "Mississippi River" and remain in the business car fleet changing name to "Gerald . One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. He was CEO of Nextel International from 1996 to 1999. The use of the net worth method is demonstrated in the figure below. BNSF No. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Mr. Grinstein grew up in a prominent Seattle family. It was also, again, a $16,000 position. [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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Other key executives at Delta Air Lines Inc include 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. It is computed as the product of the total number of outstanding shares and the price of each share. 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. 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). Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. Email. Gerald Grinstein made Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. no insider transaction in PACCAR Inc (PCAR). Analysts predicted a loss of $4.76 a share excluding special items. 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 . 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. sale Gerald Grinstein. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 AMR Corporation was an airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. 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. In 1997, it rebranded as US Airways. It was humbling. Gerald Ronson is from British. Wise counsel from a wise man: Do one thing well. 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. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. [3]. 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. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. 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. 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). Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 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. 4. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. , I was acting the obnoxious Hamlet. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Del Quentin Wilber. The car was built in 1952 for then CB&Q President Harry Murphy. "Just imagine that you'll only live to be 40," Keith said. sale Hmmm. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. He is very patriotic when it comes to his business and personal life. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. . Bressler continued as chairman of Burlington Northern and Burlington Resources, while Gerald Grinstein, who had been vice-chairman of both companies, became Burlington Northern ' s president and chief executive officer in 1989. of 5,120 shares made by Rohan Pal 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. 7Less than $100,000. It also operates additional companies that provide associated services. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. . Among his survivors are his wife, Claire, his parents and his brother, Charles. I think of Madrona not only as a source of capital but of business strength that takes an innovation and moves it into the marketplace.. Keith was, make no mistake, a frenetic presence. Edward H. Bastian is an American business executive. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. 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. 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. . Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. 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. What is Gerald Grinstein's Net Worth? You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. The current estimated net worth of Delta Air Lines Inc's Chief Executive Officer, Gerald Grinstein, is estimated to be about $883.35K .Gerald Grinstein owns . The analogy sounded a little too simple. Delta Air Lines Inc (DAL) Over the past 18 months, (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). purchase 8Received options or restricted stock in lieu of portion of salary. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. 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. and It's a community that's done enormous good, recasting funding priorities and embracing transparency. . It was Keith's public-service baptism, the ballast for later life. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. , Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral 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. ""Our rhetoric was terrific, but the performance wasn't there." a net 2023 Cascade Public Media. NA: Not available or not applicable. "That was a 10 percent raise!". Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. . 6New chief executive; compensation may be for another executive office. 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. Fundamental company data provided by Morningstar, updated daily. The middle 40% of U.S. families own 22% of the wealth. why is accuracy important in customer service. 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. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Grinstein received the Railroader of the Year award in 1996.[3]. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. I began to wax Bohemian. His new salary was set at $17,600. ". 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 . Keith Grinstein, 1960-2008: Exec had heart for community. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. She did say the couple plan to make some changes. But will the Seattle Landmarks Board sign off? Calculating net worth is one way to gauge financial health. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Gerald Ronson earned the money being a professional Philanthropist. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. 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. 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). Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. EVP Daniel J Castillo 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. Wells. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Life is short. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Gerald Grinstein made Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Primary Income source Philanthropist (profession). 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 . 2Four-year total. (Gerald Grinstein says)(Brief Article). Wallmine is a radically better financial terminal. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. 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. GuruFocus.com is not operated by a broker or a dealer. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 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. "Some of our most successful entrepreneurs are really . What should I do with my life? gerald grinstein net worth. 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. Mr. Grinstein grew up in a prominent Seattle family. Follow him on Twitter @phardinjackson. 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. of 17,976 shares. 1Annualized. a net Grinstein and his wife Carolyn live in Medina, Washington. That could happen sometime this summer or fall, she says. The company's only surviving airline, Pinnacle, became Endeavor Air. Things didn't work out as Grinstein had hoped. Amy Martinez: 206-464-2923 or amartinez@seattletimes.com, Fire on Lake City Way in Seattle raises smoke, flooding concerns, WA to end masking requirement in health care, correctional facilities, Tacoma woman refusing tuberculosis treatment continues to face arrest, Be bolder to get light rail done, expert panel tells Sound Transit, Driver makes U-turn, hits pedestrian near Pioneer Square, police say. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. 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. Its trucks are sold through over 2,300 independent dealers globally. The route network covered destinations in 47 states, as well as international destinations. of 29,672 shares made by Joanne D Smith It has three transcontinental routes that provide rail connections between the western and eastern United States. Grinstein also set about regaining the trust and confidence of Delta's employees. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. , The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Sanjay Gupta's net worth is $12 million. sale He was beloved by many, many people.. 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. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. (Gerald Grinstein says)(Brief Article). EVP & Chief Financial Officer Daniel C. Janki The most efficient rank is 1 and least efficient is 189. In Fort Worth, The Civilized West, . The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. no insider transaction in Delta Air Lines Inc (DAL). 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? Other recent insider transactions involving Delta Air Lines Inc (DAL) include "Until we create an independently supported black institution, a financial safety net, for those . read more (market . 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. In summary, during the past 3 months, insiders sold 0 shares of The Brink's Co (BCO) in total and bought 0 shares, with a net Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. He was 48. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. ", "Delta Air Lines needs to cut costs, says CEO. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. The Bottom Line. 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. Start a company in the Pacific Northwest. a net He became CEO of Delta in 2004, a time of financial crisis for the airline. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. 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. [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. sale 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 This website uses cookies to improve your experience while you navigate through the website. sale 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. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. "Some of our most successful entrepreneurs are really inventors at heart. 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. After six months, he came up for review. and 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 View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. why was carrie's sister dropped from king of queens . 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. of 24,590 shares made by William C Carroll Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. . David Brown In the meantime, the Grinsteins are renting a home nearby. of 111,326 shares. 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. His father, Gerald Grinstein, is a former CEO of . 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. These cookies do not store any personal information. All Rights Reserved. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. We know that Gerald's political affiliation is . It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. The 72 year old executive ranks 12 within Transportation Chief executive . He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. Past performance is a poor indicator of future performance. 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. Let us take the example of Apple and Amazon. You also have the option to opt-out of these cookies. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. sale 30, 2006 stock price. and Peter Jackson is the former editorial-page editor of the Everett Herald. After overseeing the firm's survival through bankruptcy and implementing a . . 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Harkness Capital Partners Team. James Moon Whitehurst is an American business executive. sale See Jerry Grinstein's compensation, career history, education, & memberships. Net worth totals vary by education, age, income and other factors.

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gerald grinstein net worth

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