gerald grinstein net worth gerald grinstein net worth

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. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." In 1997, it rebranded as US Airways. 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. He is the former non-executive chairman of Agilent Technologies and former chairman and CEO of Burlington Northern Inc. (BNI), where he oversaw the companys acquisition of Santa Fe Pacific Corporation, which created the nations largest railroad. of 32,650 shares made by R Preston Feight 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 Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). After six months, he came up for review. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Wise counsel from a wise man: Do one thing well. , Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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, 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. 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 On the same date, Thomas H. O'Leary, 54, will become president and chief . He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. . I began to wax Bohemian. The company's only surviving airline, Pinnacle, became Endeavor Air. of 153,713 shares. Footnotes: "Until we create an independently supported black institution, a financial safety net, for those . of 1,500 shares made by Timothy Joseph Tynan 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). On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. 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. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. 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. [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. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. ""Our rhetoric was terrific, but the performance wasn't there." sale sale He was CEO of Nextel International from 1996 to 1999. 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. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. 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. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). , The middle 40% of U.S. families own 22% of the wealth. 9Received options or restricted stock in lieu of portion of bonus. Senator Warren G. Magnuson. William Douglas Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines. 51.5 million families are in this group. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Grinstein received the Railroader of the Year award in 1996. Stock quotes provided by InterActive Data. Wallmine is a radically better financial terminal. 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. No matter what the situation was, he could always find the light side.. Grinstein and his wife Carolyn live in Medina, Washington. MFAN's Open Letter to the President on the U.S. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. He reduced his own pay by 25%, to approximately $325,000 per year. , I was acting the obnoxious Hamlet. sale He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Refer a Friend and Earn One Month of Free Membership. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. BOX 20574, ATLANTA, GA, 30320. After overseeing the firm's survival through bankruptcy and implementing a . Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Mr. Grinstein is a co-founder of Madrona Venture Group. Gerald Grinstein. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection You also have the option to opt-out of these cookies. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. "I don't think we'll be as interesting.". Gerald Grinstein. Gerald Grinstein for Ed Bastian's 20 year pinning. 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. 1. I continued pressing. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. In summary, during the past 3 months, insiders sold 30,856 shares of Delta Air Lines Inc (DAL) in total and bought 12,880 shares, with a net Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. He became CEO of Delta in 2004, a time of financial crisis for the airline. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. S&P 500 Aggregate Buffett-Munger Screener Industry Overview Undervalued Predictable Benjamin Graham Net-Net 52-week/3Y/5Y Lows 52-week/3Y/5Y Highs Magic Formula (Greenblatt) . 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. Mr. Grinstein grew up in a prominent Seattle family. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). "Some of our most successful entrepreneurs are really . a net PACCAR Inc (PCAR) [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Author: burlingtonjohn. "Just imagine that you'll only live to be 40," Keith said. AMR filed for Chapter11 bankruptcy protection in November 2011. no insider transaction in The Brink's Co (BCO). What should I do with my life? From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). . Gerald Grinstein made You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 2Four-year total. In 2003, much to his surprise, the state's revenue agency presented him with a bill for $25 million, including penalties and interest, for the previous four years' worth of art purchases. 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. 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. gerald grinstein net worth. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 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 Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Prior to working at Delta in 2001, he served as Vice President and Director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. EVP-Chief Cust Experience Offr Allison C Ausband He was beloved by many, many people.. You must have JavaScript enabled to use this form. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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) In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. Gerald Grinstein is the director of PACCAR Inc. 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. Grinstein's wife, Lyn, says they're ready to move into the 14-room, waterfront house just as soon as the Gateses are ready to move out. , It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. 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. OFFICER John N Rich Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . The 72 year old executive ranks 12 within Transportation Chief executive . Other key executives at The Brink's Co include By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. 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. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. a net View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. He was focused, effective, and (and I mean this) understated. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. He became CEO of Delta in 2004, a time of financial crisis for the airline. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Follow him on Twitter @phardinjackson. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. 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. Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. 2023 Cascade Public Media. All Rights Reserved. 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. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Things didn't work out as Grinstein had hoped. 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. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. , 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. 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. For example, if someone owes more than the total value of their assets, they have a negative net worth. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." 6New chief executive; compensation may be for another executive office. of 29,672 shares made by Joanne D Smith (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). "The timing seemed right," Lyn Grinstein said. 5Prior-year data. read more (market . [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. When calculating net worth, it may be a positive or negative number. 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 . Its trucks are sold through over 2,300 independent dealers globally. 8Received options or restricted stock in lieu of portion of salary. In addition to his work in medicine and broadcast journalism, he has . Del Quentin Wilber. We also use third-party cookies that help us analyze and understand how you use this website. and Mr. Grinstein is a co-founder of Madrona Venture Group. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. 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. In the meantime, the Grinsteins are renting a home nearby. James Moon Whitehurst is an American business executive. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. 10Includes shares indirectly held.