What is Gerald Grinstein's Net Worth? , He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald Grinstein. 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. sale 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. Keith Grinstein wheeled and dealt as a high-powered lawyer and executive who earned his spot at the top of Seattle's high-tech and . He was a Board Member of the Seattle Symphony and The Seattle Foundation. Delta Air Lines - Wikipedia, la enciclopedia libre 2Four-year total. "Until we create an independently supported black institution, a financial safety net, for those . ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways 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. , Gerald Grinstein Strategic Director. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . Picture a young-end Baby Boomer as a throwback to . Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . [3]. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. of 111,326 shares. 10Includes shares indirectly held. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. . Other key executives at The Brink's Co include Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 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. In November 2006, US Airways launched an unsolicited hostile takeover bid for Delta, which Grinstein and his executive team led by Jim Whitehurst and Edward Bastian defeated by supporting the employee-led "Keep Delta My Delta" campaign. 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, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes Enjoy a 7-Day Free Trial Thru Mar 11, 2023! LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . I began to wax Bohemian. Net Worth Defined: What Is My Net Worth? - NerdWallet He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Gerald Grinstein Net Worth (2022) | wallmine Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. of 3,017 shares made by Todd R Hubbard He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. By. He was beloved by many, many people.. (Rob Krebs, president and CEO of Burlington Northern Santa Fe Corp., and former head of Santa Fe prior to the merger; Jerry Grinstein, retired chairman of Burlington Northern Santa Fe Corp.)(Cover Story). of 5,120 shares made by Rohan Pal 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 . Just another site gerald grinstein net worth Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion ", 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. What Is Net Worth? - The Balance 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 . Peter Jackson is the former editorial-page editor of the Everett Herald. sale BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. Exchange trademark and copyright notices. 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. read more (market . Its trucks are sold through over 2,300 independent dealers globally. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. BNSF Business Cars Years later, Keith would rib his former boss, chief-of-staff Denny Miller. He was focused, effective, and (and I mean this) understated. His father, Gerald Grinstein, is a former CEO of . Other recent insider transactions involving The Brink's Co (BCO) include Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). In addition to his work in medicine and broadcast journalism, he has . A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. 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. 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. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. When calculating net worth, it may be a positive or negative number. 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. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. , A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. Controller Michael E Sweeney It's a community that's done enormous good, recasting funding priorities and embracing transparency. How to Calculate Net Worth of a Company | Formula | Top Examples VICE PRESIDENT/GENERAL COUNSEL Michael K Walton It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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. V.P. There was a dervish-style coherence to his method, but I was clueless. of 4,880 shares. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. "Some of our most successful entrepreneurs are really inventors at heart. and sale Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub Basketball. 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. Added: Jun 27, 2019. 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). 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. Author: burlingtonjohn. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. 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. 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 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. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. I was acting the obnoxious Hamlet. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Presidential wealth: The net worth of every American president - USA TODAY He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . ", "Congress Looks at Possible Delta-US Air Merger. The middle 40% of U.S. families own 22% of the wealth. After overseeing the firm's survival through bankruptcy and implementing a . purchase Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. purchase 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. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. blockbuster store still open near haarlem. These cookies do not store any personal information. Senator Warren G. Magnuson. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. "I don't think we'll be as interesting.". Gerald Grinstein: Turbulenzen statt Ruhestand - Politik - FAZ From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. 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." 4Less than 0.01%. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Average Net Worth by Age - SmartAsset "The timing seemed right," Lyn Grinstein said. Things didn't work out as Grinstein had hoped. It is mandatory to procure user consent prior to running these cookies on your website. 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. 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. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. 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. 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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Gerald Ronson earned the money being a professional Philanthropist. a net He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. and Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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 . 74th St., Redmond, WA 98052, or another charity. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 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. , BOX 20574, ATLANTA, GA, 30320. of 29,672 shares made by Joanne D Smith His new salary was set at $17,600. Anderson inherited an angry board of directors and impatient . Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Gerald Grinstein. ""Our rhetoric was terrific, but the performance wasn't there." 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. Net worth is the total of one's assets minus total liabilities. Gerald Grinstein for Ed Bastian's 20 year pinning. Gerald Grinstein Wikipedia Republished // WIKI 2 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 . 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. 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. Grinstein received the Railroader of the Year award in 1996.[3]. Grinstein also set about regaining the trust and confidence of Delta's employees. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. 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 The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. . Gerald Grinstein EducacinyCarrera de negocios Gerald Grinstein Net Worth (2022) | wallmine He was 48. Keith was, make no mistake, a frenetic presence. Edward H. Bastian Net Worth (2023) | wallmine Other recent insider transactions involving Delta Air Lines Inc (DAL) include Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Mr. Grinstein has been with the company for one year . 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. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. sale His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. , For example, if someone owes more than the total value of their assets, they have a negative net worth. 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. Gerald Grinstein - NNDB A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. BNSF No. 3Three-year total. 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 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 . He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. He was 48. He was just everywhere.. [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. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. , He reduced his own pay by 25%, to approximately $325,000 per year. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. purchase 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. After six months, he came up for review. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. What should I do with my life? All content in this area was uploaded by Mark Tatge on Feb 28, 2015 But will the Seattle Landmarks Board sign off? From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). "He does just one thing. MFAN's Open Letter to the President on the U.S. [8]. of 57,951 shares made by Harrie Schippers Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. 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. Let us take the example of Apple and Amazon. 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? And he thrives.". Bar: District of Columbia, Washington. , 30, 2006 stock price. The route network covered destinations in 47 states, as well as international destinations. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. 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. Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details 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 Under Review. Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography Sanjay Gupta's net worth is $12 million. Remembering Keith Grinstein | Crosscut UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). 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.. Grinstein and his wife Carolyn live in Medina, Washington. why is accuracy important in customer service. 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. He became CEO of Delta in 2004, a time of financial crisis for the airline. of 8,500 shares made by Simon Davis ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. It was meaningful do-gooderism as an end in itself. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media No matter what the situation was, he could always find the light side.. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Profile | Gerald Grinstein, helped pull Delta out of nose dive 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 Over the past 18 months, PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Gerald Grinstein Net Worth 2022 and insider trades. Gerald Grinstein - Co-Founder and Strategic Director @ Madrona NM: Not meaningful. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position.