He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. Lyn Grinstein politely declined to say how much the house will cost. The 72 year old executive ranks 12 within Transportation Chief executive . and The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. AMR filed for Chapter11 bankruptcy protection in November 2011. 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. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 5Prior-year data. WOODS) BNSF 1 Gerald Grinstein - (E.C. It was humbling. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It's a community that's done enormous good, recasting funding priorities and embracing transparency. (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). (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. George Washington's salary of $25,000 was . , We use cookies to provide you with a great experience and to help our website run effectively. ". 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. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. 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. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. When its one-time expenses were included, Delta lost $7.64 a share. & CHIEF TECH. 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. Over the past 18 months, Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. 8Received options or restricted stock in lieu of portion of salary. He is very patriotic when it comes to his business and personal life. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. 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. and , 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. WOODS) BNSF 1 Gerald Grinstein - (J. Grinstein and his wife Carolyn live in Medina, Washington. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Stock quotes provided by InterActive Data. of 3,017 shares made by Todd R Hubbard Gerald Ronson is from British. 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. a net He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. 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 . 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. Even before that, every president has been paid well. , Gerald Grinstein made Gerald Ronson earned the money being a professional Philanthropist. Burlington Northern operated between 1970 and 1996. 30, 2006 stock price. But will the Seattle Landmarks Board sign off? 1:06. 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. 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? 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. He was just everywhere.. Exchange trademark and copyright notices. Grinstein also set about regaining the trust and confidence of Delta's employees. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. "Just imagine that you'll only live to be 40," Keith said. a net of 350,919 shares. (Gerald Grinstein says)(Brief Article). They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Keith was, make no mistake, a frenetic presence. Mullin achieved particular prominence following the September 11, 2001 tragedy when, with the airline industry on the brink of failure, he served as the chief legislative and public spokesperson for the industrys recovery program. Gerald Grinstein was American air transportation executive. 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. 2Four-year total. Harkness Capital Partners Team. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. 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. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Under Review. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. 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. Peter Jackson is the former editorial-page editor of the Everett Herald. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 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 V.P. and Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. The route network covered destinations in 47 states, as well as international destinations. 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. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. 4Less than 0.01%. The Brink's Co (BCO) , In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. C.E. And he thrives.". Primary Income source Philanthropist (profession). sale Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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) . By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. , sale Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Other key executives at The Brink's Co include Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Del Quentin Wilber. 74th St., Redmond, WA 98052, or another charity. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Its trucks are sold through over 2,300 independent dealers globally. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. The Grinsteins have had their eye on the mansion for quite a while. Anderson inherited an angry board of directors and impatient . no insider transaction in Delta Air Lines Inc (DAL). As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . 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. Over the past 18 months, We know that Gerald's political affiliation is . Gurus may be added or dropped from the GuruFocus site at any time. He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. Bressler continued as chairman of Burlington Northern and Burlington Resources, while Gerald Grinstein, who had been vice-chairman of both companies, became Burlington Northern ' s president and chief executive officer in 1989. (Gerald Grinstein says)(Brief Article). The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. On the same date, Thomas H. O'Leary, 54, will become president and chief . 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 . 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. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. These cookies will be stored in your browser only with your consent. Other key executives at Delta Air Lines Inc include EVP Daniel J Castillo Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. He became CEO of Delta in 2004, a time of financial crisis for the airline. [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. 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). ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Mr. Grinstein is a co-founder of Madrona Venture Group. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 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 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. ", "Congress Looks at Possible Delta-US Air Merger. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Other recent insider transactions involving The Brink's Co (BCO) include Enjoy a 7-Day Free Trial Thru Mar 11, 2023! 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. no insider transaction in PACCAR Inc (PCAR). El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. , HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. Sanjay Gupta's net worth is $12 million. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. of 29,672 shares made by Joanne D Smith Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. When Western Airlines and Delta Air Lines, Inc. of Atlanta, Georgia merged in 1987, Grinstein, CEO of Western since 1985, was appointed to Delta's Board of Directors and has remained on the board since then. (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). 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. , U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed. of 1,500 shares made by Timothy Joseph Tynan 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. In the meantime, the Grinsteins are renting a home nearby. BOX 20574, ATLANTA, GA, 30320. For example, if someone owes more than the total value of their assets, they have a negative net worth. GuruFocus.com is not operated by a broker or a dealer. I continued pressing. no insider transaction in The Brink's Co (BCO). Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). By. All Rights Reserved. . 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. . Gerald Grinstein Net Worth (2022) | wallmine 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. of 153,713 shares. After overseeing the firm's survival through bankruptcy and implementing a . It is important to find the opening and closing net worth using the same asset value .
Disney Accelerator Intern,
Association Of County Treasurers Of Nevada,
What Is The Exposition Of Hair Love,
Articles G