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. Other recent insider transactions involving PACCAR Inc (PCAR) include Picture a young-end Baby Boomer as a throwback to . He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. purchase Other recent insider transactions involving The Brink's Co (BCO) include Past performance is a poor indicator of future performance. 6New chief executive; compensation may be for another executive office. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. "Until we create an independently supported black institution, a financial safety net, for those . On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Since 2001, the annual presidential salary has been set at $400,000. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! of 350,919 shares. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 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. of 24,590 shares made by William C Carroll Its trucks are sold through over 2,300 independent dealers globally. These cookies will be stored in your browser only with your consent. 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). 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 The middle 40% of U.S. families own 22% of the wealth. a net So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. What is Gerald Grinstein's Net Worth? He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Just another site gerald grinstein net worth Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It is computed as the product of the total number of outstanding shares and the price of each share. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 30, 2006 stock price. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. "The timing seemed right," Lyn Grinstein said. 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. 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. George Washington's salary of $25,000 was . of 22,000 shares made by David S Taylor of 57,951 shares made by Harrie Schippers Other recent insider transactions involving Delta Air Lines Inc (DAL) include Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. I was acting the obnoxious Hamlet. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 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 . Let us take the example of Apple and Amazon. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. sale Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. Mr Bastian owns over 47,500 units of Delta Air Lines stock worth over $15,301,796 and over the last 18 years he sold DAL stock worth over $40,887,727. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 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. 0:01. 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 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. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. It also operates additional companies that provide associated services. Bar: District of Columbia, Washington. no insider transaction in PACCAR Inc (PCAR). Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. We know that Gerald's political affiliation is . It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Other key executives at The Brink's Co include 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. 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. Lyn Grinstein politely declined to say how much the house will cost. 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. "Until we create an independently supported black institution, a financial safety net, for those . trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. and Terms of Use and Privacy Policy. We also use third-party cookies that help us analyze and understand how you use this website. Some of our most successful entrepreneurs are really inventors at heart. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. All Rights Reserved. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. He was CEO of Nextel International from 1996 to 1999. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Delta Air Lines Inc (DAL) , and What should I do with my life? Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. After six months, he came up for review. 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 (Gerald Grinstein says)(Brief Article). Gerald Grinstein made (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). [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. Wherever he landed in life or career, Keith was bound to a legacy of service. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. 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. a net Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. 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. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. In addition to his work in medicine and broadcast journalism, he has . , sale , That could happen sometime this summer or fall, she says. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Mr. Grinstein is a co-founder of Madrona Venture Group. Born: c. 1932 Birthplace: Seattle, WA Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Delta Air Lines, 2004-07 Wife: Lyn (four children) University: Yale University (1954) Law School: Harvard Law School (1957) Administrator: Regent, University of Washington (1998-2004) Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. He had an incredible sense of humor. 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. But will the Seattle Landmarks Board sign off? 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 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. You must have JavaScript enabled to use this form. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. He was focused, effective, and (and I mean this) understated. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. "He does just one thing. Life is short. 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 . EVP & Chief Financial Officer Kurt B Mcmaken For example, if someone owes more than the total value of their assets, they have a negative net worth. & CHIEF TECH. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Delta Air Lines is a major American airline. sale Keith Grinstein, 1960-2008: Exec had heart for community. The 72 year old executive ranks 12 within Transportation Chief executive . 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. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. 1:06. 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. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. AMR filed for Chapter11 bankruptcy protection in November 2011. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 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, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. 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. , WOODS) BNSF 1 Gerald Grinstein - (J. EVP - Chief of Operations John E Laughter According to Wikipedia, Forbes, IMDb & Various Online resources, famous Philanthropist Gerald Ronson's net worth is $1-5 Million at the age of 80 years old. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Hollis Loyd Harris served as President and COO of Delta Air Lines (1987-1990) and Chairman, President, and CEO of Continental Airlines (1990-1991), Air Canada (1992-1996), and World Airways (1999-2004). (Gerald Grinstein says)(Brief Article). David Brown "Some of our most successful entrepreneurs are really . Re: BNSF "Gerald Grinstein" business car. 8Received options or restricted stock in lieu of portion of salary. I continued pressing. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. a net , The couple already have found a buyer for the $8 million Medina mansion they now call home: family friend and former Burlington Northern Railroad Chairman Gerald Grinstein. 4. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. 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. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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. "What can you say that you did with your life? Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. See Jerry Grinstein's compensation, career history, education, & memberships. 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 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. of 111,326 shares. "That was a 10 percent raise!". . Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Gerald Grinstein for Ed Bastian's 20 year pinning. Gerald Ronson earned the money being a professional Philanthropist. 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. ""Our rhetoric was terrific, but the performance wasn't there." The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Mr. Grinstein is a co-founder of Madrona Venture Group. Gerald Grinstein. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. why is accuracy important in customer service. He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. , and 5Prior-year data. It was Keith's public-service baptism, the ballast for later life. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 10Includes shares indirectly held. 9Received options or restricted stock in lieu of portion of bonus. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". ", "Congress Looks at Possible Delta-US Air Merger. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Efficiency rank is based on our chief executive's performance/pay score. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. He was 48. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC.