[3]. ". [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. of 1,500 shares made by Timothy Joseph Tynan no insider transaction in PACCAR Inc (PCAR). Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. Gerald Grinstein was American air transportation executive. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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[2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 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. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Gerald Grinstein is the director of The Brink's Co. NA: Not available or not applicable. Methodology: 8Received options or restricted stock in lieu of portion of salary. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 4. purchase , 74th St., Redmond, WA 98052, or another charity. He is very patriotic when it comes to his business and personal life. I began to wax Bohemian. 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 . Edward H. Bastian Net Worth (2023) | wallmine He was CEO of Nextel International from 1996 to 1999. Among his survivors are his wife, Claire, his parents and his brother, Charles. Gerald Grinstein Net Worth (2023) | wallmine 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. 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 . These cookies will be stored in your browser only with your consent. 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. Hmmm. Bill Gates Set To Sell Old Home To Family Friend 5Prior-year data. of 0 shares. ", "Congress Looks at Possible Delta-US Air Merger. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Vice President Paulo Henrique Bolgar Will His AI Plans Be Any Different? 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. of 8,500 shares made by Simon Davis 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. 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. And when we say own, we include assets that you may still be paying for, such as a car or a house . I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." , You also have the option to opt-out of these cookies. Team | Harkness Capital Partners | Capital and Resources to Support Growth a net The information on this site is in no way guaranteed for completeness, accuracy or in any other way. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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. 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. purchase . The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Just another site gerald grinstein net worth BNSF "Gerald Grinstein" business car - Trainorders.com Discussion Years later, Keith would rib his former boss, chief-of-staff Denny Miller. You have to seize something now, something you love, and run with it.". Gerald Grinstein made , Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. His father, Gerald Grinstein, is a former CEO of . Remembering Keith Grinstein | Crosscut 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 . a net 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) . EVP - Chief of Operations John E Laughter 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Mr. Grinstein grew up in a prominent Seattle family. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 0:01. Gerald Grinstein Net Worth (2022) | wallmine The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 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. 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. of 153,713 shares. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Grinstein and his wife Carolyn live in Medina, Washington. Lyn Grinstein politely declined to say how much the house will cost. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Grinstein received the Railroader of the Year award in 1996. Analysts predicted a loss of $4.76 a share excluding special items. a net Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. 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 Other recent insider transactions involving PACCAR Inc (PCAR) include Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub 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. Just another site gerald grinstein net worth V.P. Gerald Grinstein Net Worth 2022 and insider trades. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). James Moon Whitehurst is an American business executive. Calculating net worth is one way to gauge financial health. gerald grinstein net worth - wellofinspiration.stream CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. . By using this website, you agree to our use of cookies. 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. 7Less than $100,000. Wherever he landed in life or career, Keith was bound to a legacy of service. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. But opting out of some of these cookies may affect your browsing experience. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Musk Made a Mess at Twitter. 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. 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. From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. Net worth is the total of one's assets minus total liabilities. , It was also, again, a $16,000 position. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on . 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. 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. Other recent insider transactions involving The Brink's Co (BCO) include "We might remodel, we might start over again. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Refer a Friend and Earn One Month of Free Membership. [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 information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. That could happen sometime this summer or fall, she says. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Over the past 18 months, Gerald Grinstein - WikiMili, The Best Wikipedia Reader Terms of Use and Privacy Policy. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . BUSINESS PEOPLE; Burlington Northern Names 2 Executives We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. of 24,590 shares made by William C Carroll Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 2Four-year total. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting sale It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Burlington Northern operated between 1970 and 1996. 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. Del Quentin Wilber. All Rights Reserved. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. The Grinsteins have had their eye on the mansion for quite a while. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Re: BNSF "Gerald Grinstein" business car. Gerald Grinstein, CEO Compensation - Forbes.com The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. After six months, he came up for review. These cookies do not store any personal information. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. Even before that, every president has been paid well. The analogy sounded a little too simple. BOX 20574, ATLANTA, GA, 30320. He previously served as President of US Airways and American Airlines, as well as President of United Airlines from 2016 to 2020, when he was promoted as CEO. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He was focused, effective, and (and I mean this) understated. But will the Seattle Landmarks Board sign off? no insider transaction in The Brink's Co (BCO). 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. Wallmine is a radically better financial terminal. 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. Life is short. 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. sale (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate Gerald Grinstein Net Worth (2007) Delta Air Lines Inc Insider Trades ", "Delta Air Lines needs to cut costs, says CEO. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. 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. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . 51.5 million families are in this group. He became CEO of Delta in 2004, a time of financial crisis for the airline. BNSF No. . At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Gerald Grinstein (born 1932), American air transportation executive Gerald Grinstein Net Worth 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. Keith moved on to Georgetown Law School and an inspired career in telecommunications and venture capital, the kind of work where a 10 percent raise carries a bit more oomph. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. MFAN's Open Letter to the President on the U.S. He was a Board Member of the Seattle Symphony and The Seattle Foundation. "The timing seemed right," Lyn Grinstein said. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. "I don't think we'll be as interesting.". 4. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Gerald Grinstein made His new salary was set at $17,600. Gerald Grinstein Strategic Director. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Email. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 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. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. , ", "Delta Air Lines needs to cut costs, says CEO. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 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. WOODS) BNSF 1 Gerald Grinstein - (J. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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. a net 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. 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. David Brown Along the way, he seemed to breathe life into a line from Theodore Roethke's The Waking: "I learn by going where I have to go." 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 estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Its trucks are sold through over 2,300 independent dealers globally. 2004-2023 GuruFocus.com, LLC. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Founding Partner, Harkness Capital Partners LLC. It was humbling. 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. 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. Senator Warren G. Magnuson. Wise counsel from a wise man: Do one thing well.
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