"Come on," Denny reminded him. 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 . He was 48. He reduced his own pay by 25%, to approximately $325,000 per year. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Other key executives at PACCAR Inc include Refer a Friend and Earn One Month of Free Membership. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. 8Received options or restricted stock in lieu of portion of salary. a net The use of the net worth method is demonstrated in the figure below. Even before that, every president has been paid well. It is important to find the opening and closing net worth using the same asset value . Operating Investors and Operators. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. But opting out of some of these cookies may affect your browsing experience. Then you get to live here.. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Stock quotes provided by InterActive Data. Peter Jackson is the former editorial-page editor of the Everett Herald. of 17,976 shares. 1. Will His AI Plans Be Any Different? ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. The Brink's Co (BCO) He became CEO of Delta in 2004, a time of financial crisis for the airline. (Gerald Grinstein says)(Brief Article). Picture a young-end Baby Boomer as a throwback to . Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. It was also, again, a $16,000 position. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. The 72 year old executive ranks 12 within Transportation Chief executive . Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Necessary cookies are absolutely essential for the website to function properly. Delta entered more than 50 new international markets between 2005 and 2007 and since its merger with Northwest Airlines in 2008 has become the world's largest carrier. no insider transaction in Delta Air Lines Inc (DAL). Controller Michael E Sweeney sale a net According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Primary Income source Philanthropist (profession). He was just everywhere.. 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. 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. It also operates additional companies that provide associated services. [3]. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. On average, Gerald trades about 200 units every 0 days since 2004. He was beloved by many, many people.. 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. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Bill Gates bought the place from Sikma in 1993 for $8 million. She did say the couple plan to make some changes. of 32,650 shares made by R Preston Feight 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. Gerald Ronson earned the money being a professional Philanthropist. On the same date, Thomas H. O'Leary, 54, will become president and chief . Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. He was succeeded by Richard Anderson, a former Northwest Airlines executive. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Under Review. Terms of Use and Privacy Policy. 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. Past performance is a poor indicator of future performance. BNSF Railway is one of the largest freight railroads in North America. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. WOODS) BNSF 1 Gerald Grinstein - (E.C. no insider transaction in PACCAR Inc (PCAR). purchase [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 The Bottom Line. 3Three-year total. Over the past 18 months, Grinstein received the Railroader of the Year award in 1996.[3]. The first step is to calculate the net worth of the individual at the start and end of the period. Gerald Grinstein Net Worth 2022 and insider trades. Life is short. A year ago, we served together on a foundation finance committee. of 57,951 shares made by Harrie Schippers Pinnacle Airlines Corporation was an American holding company headquartered in Memphis, Tennessee, and was the parent company of Pinnacle Airlines and Colgan Air until Colgan was closed down in 2012. . , sale It has three transcontinental routes that provide rail connections between the western and eastern United States. I began to wax Bohemian. These cookies will be stored in your browser only with your consent. , of 24,590 shares made by William C Carroll PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. "I don't think we'll be as interesting.". Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Edward H. Bastian is an American business executive. "Until we create an independently supported black institution, a financial safety net, for those . Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. "Until we create an independently supported black institution, a financial safety net, for those . Bressler retired in 1990, and Grinstein assumed the additional post of chairman. 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 , Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 4. Wells. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Gerald Grinstein. [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. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. NA: Not available or not applicable. 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 . , "Just imagine that you'll only live to be 40," Keith said. BNSF No. Jerry is also a board member of the William D. Ruckelshaus Center. Some of our most successful entrepreneurs are really inventors at heart. In Fort Worth, The Civilized West, . NM: Not meaningful. of 0 shares. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. 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. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. ", 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. , Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Net worth is the total of one's assets minus total liabilities. . Gerald Grinstein Net Worth (2022) | wallmine 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. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. What is Gerald Grinstein's Net Worth? of 29,672 shares made by Joanne D Smith Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. 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. 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. Over the past 18 months, I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Net worth totals vary by education, age, income and other factors. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. 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. In 1997, it rebranded as US Airways. PACCAR Inc (PCAR) 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Compensation rank is based on total compensation for latest fiscal year. , 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. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. 24/7 Wall Street. and 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. [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. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. "Michael Jordan," Keith said. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Grinstein received the Railroader of the Year award in 1996. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. 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. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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. David Brown From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. He had an incredible sense of humor. read more (market . He is very patriotic when it comes to his business and personal life. MFAN's Open Letter to the President on the U.S. Bar: District of Columbia, Washington. James Moon Whitehurst is an American business executive. 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. "He does just one thing. sale Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. He was 48. 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. 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 . why was carrie's sister dropped from king of queens . , [8], ""Our rhetoric was terrific, but the performance wasn't there." Gerald Grinstein made Enjoy a 7-Day Free Trial Thru Mar 11, 2023! , Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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. 2023 Cascade Public Media. sale Gerald Grinstein has been CEO of Delta Air Lines for 1 years.
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