John Scott Kirby is an American executive currently serving as CEO of United Airlines. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. He led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. This investment adviser does not provide advice to individual investors. PACCAR Inc (PCAR) of 111,326 shares. 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. Gerald Grinstein Net Worth (2022) | wallmine It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. sale a net Compensation percent change is based on combined salary and bonus. In 1997, it rebranded as US Airways. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. 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. 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. 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. But will the Seattle Landmarks Board sign off? purchase Other recent insider transactions involving Delta Air Lines Inc (DAL) include ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times, https://en.wikipedia.org/w/index.php?title=Gerald_Grinstein&oldid=1078844912, This page was last edited on 23 March 2022, at 16:58. ""Our rhetoric was terrific, but the performance wasn't there." You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. He was 48. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Will His AI Plans Be Any Different? and Basketball. We'll focus on the median and average net worth figures for different age groups: Age of head of family. a net Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. sale Enjoy a 7-Day Free Trial Thru Mar 11, 2023! no insider transaction in PACCAR Inc (PCAR). However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. He reduced his own pay by 25%, to approximately $325,000 per year. 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. By. & CHIEF TECH. Anderson inherited an angry board of directors and impatient . Gurus may be added or dropped from the GuruFocus site at any time. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). It was Keith's public-service baptism, the ballast for later life. 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 Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. of 3,017 shares made by Todd R Hubbard Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. of 5,120 shares made by Rohan Pal The use of the net worth method is demonstrated in the figure below. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. I began to wax Bohemian. Vice President Paulo Henrique Bolgar He was succeeded by Richard Anderson, a former Northwest Airlines executive. of 17,976 shares. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . 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. Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006 Author: burlingtonjohn. The couple already have found a buyer for the $8 million Medina mansion they now call home: family friend and former Burlington Northern Railroad Chairman Gerald Grinstein. . Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Born: c. 1932 Birthplace: Seattle, WA Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Delta Air Lines, 2004-07 Wife: Lyn (four children) University: Yale University (1954) Law School: Harvard Law School (1957) Administrator: Regent, University of Washington (1998-2004) 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. And he thrives.". a net The route network covered destinations in 47 states, as well as international destinations. Controller Michael E Sweeney 9Received options or restricted stock in lieu of portion of bonus. Added: Jun 27, 2019. Jerry is also a board member of the William D. Ruckelshaus Center. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. , (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Fundamental company data provided by Morningstar, updated daily. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. "Just imagine that you'll only live to be 40," Keith said. We also use third-party cookies that help us analyze and understand how you use this website. During the past 18 months, 5,120 shares of The Brink's Co (BCO) were sold and 10,000 shares were bought by its insiders, resulting in a net In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. a net blockbuster store still open near haarlem. . In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Some of our most successful entrepreneurs are really inventors at heart. 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 So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. He was focused, effective, and (and I mean this) understated. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. ", "Delta Air Lines needs to cut costs, says CEO. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection The middle 40% of U.S. families own 22% of the wealth. 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. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. Other key executives at The Brink's Co include Median net worth . ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Mr. Grinstein is a co-founder of Madrona Venture Group. He is very patriotic when it comes to his business and personal life. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. Gerald Grinstein Net Worth 2022 and insider trades. 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. sale purchase "Come on," Denny reminded him. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. Musk Made a Mess at Twitter. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. 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Mr. Grinstein grew up in a prominent Seattle family. It has three transcontinental routes that provide rail connections between the western and eastern United States. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Northwest also performed worse than expected, losing $5.07 a . 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). But opting out of some of these cookies may affect your browsing experience. Senator Warren G. Magnuson. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. Even before that, every president has been paid well. 7Less than $100,000. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". of 153,713 shares. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. and 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. Hmmm. 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. After six months, he came up for review. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. . Then you get to live here.. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Total returns and value of stock owned (including all classes) is based on Mar. Grinstein received the Railroader of the Year award in 1996. Other recent insider transactions involving The Brink's Co (BCO) include He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Gerald Grinstein. C.E. . We know that Gerald's political affiliation is . 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. 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. And when we say own, we include assets that you may still be paying for, such as a car or a house . The analogy sounded a little too simple. 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 . 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. 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. It was humbling. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 1. Gerald Grinstein Strategic Director. Sanjay Gupta's net worth is $12 million. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. After overseeing the firm's survival through bankruptcy and implementing a . "Until we create an independently supported black institution, a financial safety net, for those . The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Delta Air Lines Inc (DAL) (Gerald Grinstein says)(Brief Article). "That was a 10 percent raise!". 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He was 48. 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.. 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 . Other recent insider transactions involving PACCAR Inc (PCAR) include 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. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. We use cookies to provide you with a great experience and to help our website run effectively. California Weighs $360,000 in Reparations to Eligible Black Residents. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. 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). According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." 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. 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. Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. It is computed as the product of the total number of outstanding shares and the price of each share. 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. Gerald Grinstein was American air transportation executive. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 3Three-year total. 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . 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. It is important to find the opening and closing net worth using the same asset value . VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Gerald Grinstein was born on 06/26/1932 and is 90 years old. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 24/7 Wall Street. of 8,500 shares made by Simon Davis Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. sale 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. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. For example, if someone owes more than the total value of their assets, they have a negative net worth. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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 One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. He became CEO of Delta in 2004, a time of financial crisis for the airline. The Grinsteins have had their eye on the mansion for quite a while. Methodology: The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. Other key executives at PACCAR Inc include I continued pressing. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. There isnt anyone in business in Seattle who doesnt know Keith. [8]. Past performance is a poor indicator of future performance. a net Compensation rank is based on total compensation for latest fiscal year. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 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. Del Quentin Wilber. "I don't think we'll be as interesting.". 4Less than 0.01%. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. Bar: District of Columbia, Washington. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. 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. 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 the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. AMR filed for Chapter11 bankruptcy protection in November 2011. Just another site gerald grinstein 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. 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.