GuruFocus.com is not operated by a broker or a dealer. What should I do with my life? Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Gurus may be added or dropped from the GuruFocus site at any time. 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. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. 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. 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. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. sale 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 A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Gerald Grinstein Net Worth (2022) | wallmine & CHIEF TECH. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. He became CEO of Delta in 2004, a time of financial crisis for the airline. WOODS) BNSF 1 Gerald Grinstein - (J. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. There won't be a "For Sale" sign swinging in front of Bill and Melinda Gates' house when they move to their new high-tech estate. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Years later, Keith would rib his former boss, chief-of-staff Denny Miller. and Gerald Grinstein of Burlington Northern Inc.; . A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Grinstein received the Railroader of the Year award in 1996. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Over the past 18 months, He was a Board Member of the Seattle Symphony and The Seattle Foundation. Added: Jun 27, 2019. Peter Jackson is the former editorial-page editor of the Everett Herald. purchase 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. 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. Hmmm. We use cookies to provide you with a great experience and to help our website run effectively. [3]. of 8,500 shares made by Simon Davis Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. of 350,919 shares. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. Gerald Grinstein profile | Delta News Hub According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." ", "Congress Looks at Possible Delta-US Air Merger. I began to wax Bohemian. Gerald Grinstein - WikiMili, The Best Wikipedia Reader of 22,000 shares made by David S Taylor 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. 2Four-year total. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. why was carrie's sister dropped from king of queens . 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 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. DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel 10Includes shares indirectly held. Author: burlingtonjohn. In 1997, it rebranded as US Airways. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. You have to seize something now, something you love, and run with it.". Sanjay Gupta's net worth is $12 million. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton WOODS) BNSF 1 Gerald Grinstein - (E.C. 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. and He was CEO of Nextel International from 1996 to 1999. Grinstein and his wife Carolyn live in Medina, Washington. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. How to Calculate Net Worth of a Company | Formula | Top Examples Just another site gerald grinstein net worth 1:06. 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. 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). It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. . 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. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald Grinstein Wikipedia Republished // WIKI 2 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. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 24/7 Wall Street. That could happen sometime this summer or fall, she says. But opting out of some of these cookies may affect your browsing experience. Mr. Grinstein has been with the company for one year . 1. Then you get to live here.. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Gerald Grinstein (born 1932), American air transportation executive 4. 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. 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. [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. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. The analogy sounded a little too simple. Under Review. BNSF Business Cars Basketball. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. of 1,500 shares made by Timothy Joseph Tynan Other recent insider transactions involving The Brink's Co (BCO) include 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. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. JA Hall of Fame: Gerald Grinstein - Puget Sound Business Journal "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. a net Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). It was Keith's public-service baptism, the ballast for later life. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Gerald Grinstein - NNDB ", "Delta Air Lines needs to cut costs, says CEO. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. V.P. Gerald Grinstein. Anderson inherited an angry board of directors and impatient . However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. , Gerald Grinstein Net Worth (2022) - GuruFocus.com , BNSF No. A year ago, we served together on a foundation finance committee. Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub 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. of 3,017 shares made by Todd R Hubbard I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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. no insider transaction in Delta Air Lines Inc (DAL). 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). 8Received options or restricted stock in lieu of portion of salary. Follow him on Twitter @phardinjackson. 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. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 2004-2023 GuruFocus.com, LLC. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. See Jerry Grinstein's compensation, career history, education, & memberships. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. His father, Gerald Grinstein, is a former CEO of . Over the past 18 months, (Gerald Grinstein says)(Brief Article). Northwest also performed worse than expected, losing $5.07 a . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Compensation rank is based on total compensation for latest fiscal year. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Over the past 18 months, Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 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? Among his survivors are his wife, Claire, his parents and his brother, Charles. 1. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Delta Air Lines Emerges From Bankruptcy | Fox News , California Weighs $360,000 in Reparations to Eligible Black Residents. and 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. Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. 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. 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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. 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 . A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. 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. ", "Congress Looks at Possible Delta-US Air Merger. Analysts predicted a loss of $4.76 a share excluding special items. Mr. Grinstein is a co-founder of Madrona Venture Group. Mr. Grinstein grew up in a prominent Seattle family. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. When the company emerged from Chapter 11 in 2007 . The most recent stock trade was executed by Joanne D Smith on 28 February 2023, trading 4,846 units of DAL stock currently worth $186,232. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. When its one-time expenses were included, Delta lost $7.64 a share. Compensation rank is based on total compensation for latest fiscal year. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. 6New chief executive; compensation may be for another executive office. In the meantime, the Grinsteins are renting a home nearby. 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. Other key executives at PACCAR Inc include "Some of our most successful entrepreneurs are really . Wells. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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.
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