of 57,951 shares made by Harrie Schippers MFAN's Open Letter to the President on the U.S. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. He became CEO of Delta in 2004, a time of financial crisis for the airline. read more (market . no insider transaction in PACCAR Inc (PCAR). 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 A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. In addition to his work in medicine and broadcast journalism, he has . GuruFocus.com is not operated by a broker or a dealer. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. WOODS) BNSF 1 Gerald Grinstein - (E.C. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Gerald Grinstein | Madrona 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. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Since 1987, he had been a director of Delta Air Lines and served as Delta's non-executive chairman from August 1997 until October 1999. 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. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. a net Delta Air Lines Emerges From Bankruptcy | Fox News 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. . A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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 $38.1 Thousand dollars as of 3 May 2007. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. "What can you say that you did with your life? On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. He had an incredible sense of humor. BNSF 1 Gerald Grinstein - (SLIDER JAKE) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (J. , Gurus may be added or dropped from the GuruFocus site at any time. 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) . Gerald Grinstein Total Compensation $0.45 mil (#490) 5-Year Compensation Total NA Gerald Grinstein has been CEO of Delta Air Lines for 2 years. , The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Grinstein and his wife Carolyn live in Medina, Washington. Wells. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Net worth is the total of one's assets minus total liabilities. It is computed as the product of the total number of outstanding shares and the price of each share. He reduced his own pay by 25%, to approximately $325,000 per year. 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. 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. And when we say own, we include assets that you may still be paying for, such as a car or a house . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Gerald Grinstein Net Worth 2022 and insider trades. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Gerald Grinstein. Delta Air Lines - Wikipedia, la enciclopedia libre , Efficiency rank is based on our chief executive's performance/pay score. (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). Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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 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. Gerald Grinstein - WikiMili, The Best Wikipedia Reader From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). BUSINESS PEOPLE; Burlington Northern Names 2 Executives 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. 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. of 1,500 shares made by Timothy Joseph Tynan of 350,919 shares. Delta Air Lines Inc (DAL) Methodology: Gerald Grinstein is the director of PACCAR Inc. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. In the meantime, the Grinsteins are renting a home nearby. gerald grinstein net worth - wellofinspiration.stream Keith Grinstein, 1960-2008: Exec had heart for community. sale Gerald Grinstein Wikipedia Republished // WIKI 2 It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Grinstein also set about regaining the trust and confidence of Delta's employees. 4. 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. 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. , John Scott Kirby is an American executive currently serving as CEO of United Airlines. You must have JavaScript enabled to use this form. The use of the net worth method is demonstrated in the figure below. 1. The first step is to calculate the net worth of the individual at the start and end of the period. His father, Gerald Grinstein, is a former CEO of . Years later, Keith would rib his former boss, chief-of-staff Denny Miller. of 8,500 shares made by Simon Davis After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. That could happen sometime this summer or fall, she says. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Delta exits bankruptcy after 19-month restructuring | Reuters purchase Life is short. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). What should I do with my life? Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). His new salary was set at $17,600. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 2023 Cascade Public Media. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. a net Hmmm. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. 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. 1. Gerald Grinstein EducacinyCarrera de negocios James Moon Whitehurst is an American business executive. Profile | Gerald Grinstein, helped pull Delta out of nose dive He was just everywhere.. 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. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Jerry is also a board member of the William D. Ruckelshaus Center. 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 year ago, we served together on a foundation finance committee. & CHIEF TECH. 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. Gerald Grinstein Net Worth (2022) | wallmine 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub 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. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. gerald grinstein net worth - albakricorp.com Gerald Grinstein. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). 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. Analysts predicted a loss of $4.76 a share excluding special items. 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 Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Stock quotes provided by InterActive Data. 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. a net 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 George Washington's salary of $25,000 was . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Mr. Grinstein is a co-founder of Madrona Venture Group. sale Bill Gates bought the place from Sikma in 1993 for $8 million. 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. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Terms of Use and Privacy Policy. why was carrie's sister dropped from king of queens . , He was CEO of Nextel International from 1996 to 1999. 1:06. The company's only surviving airline, Pinnacle, became Endeavor Air. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Who Runs Fort Worth? - D Magazine 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. Basketball. It was meaningful do-gooderism as an end in itself. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). It also operates additional companies that provide associated services. . Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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 . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. of 111,326 shares. Northwest also performed worse than expected, losing $5.07 a . 7Less than $100,000. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. This website uses cookies to improve your experience while you navigate through the website.
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