He was 48. Delta Air Lines Inc (DAL) Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Gerald Grinstein is the director of The Brink's Co. , 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. 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. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including , Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. He had an incredible sense of humor. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. (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). The company's only surviving airline, Pinnacle, became Endeavor Air. 3Three-year total. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. Delta Air Lines is a major American airline. . He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Vice President Paulo Henrique Bolgar 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. 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. He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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 PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. . By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. (Gerald Grinstein says)(Brief Article). 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. On average, Gerald trades about 200 units every 0 days since 2004. The first step is to calculate the net worth of the individual at the start and end of the period. "He does just one thing. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. This category only includes cookies that ensures basic functionalities and security features of the website. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Under Review. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Necessary cookies are absolutely essential for the website to function properly. 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. Wise counsel from a wise man: Do one thing well. EVP & Chief Financial Officer Kurt B Mcmaken James Moon Whitehurst is an American business executive. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. He was CEO of Nextel International from 1996 to 1999. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Other recent insider transactions involving PACCAR Inc (PCAR) include Fundamental company data provided by Morningstar, updated daily. 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . 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. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. ", "Congress Looks at Possible Delta-US Air Merger. 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). The middle 40% of U.S. families own 22% of the wealth. He was just everywhere.. WOODS) BNSF 1 Gerald Grinstein - (E.C. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. He reduced his own pay by 25%, to approximately $325,000 per year. I continued pressing. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 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. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 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.. By using this website, you agree to our use of cookies. sale of 32,650 shares made by R Preston Feight 9Received options or restricted stock in lieu of portion of bonus. Total returns and value of stock owned (including all classes) is based on Mar. A year ago, we served together on a foundation finance committee. 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. 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. Net worth totals vary by education, age, income and other factors. 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. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Grinstein and his wife Carolyn live in Medina, Washington. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. AMR filed for Chapter11 bankruptcy protection in November 2011. EVP - Chief of Operations John E Laughter Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. gerald grinstein net worth. Compensation rank is based on total compensation for latest fiscal year. Gerald Grinstein is the director of PACCAR Inc. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 0:01. All Rights Reserved. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. I began to wax Bohemian. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. of 17,976 shares. Among his survivors are his wife, Claire, his parents and his brother, Charles. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Thanks to your hard work and dedicated efforts, we garnered an unprecedented amount of support for reforming U.S. development from businesses, NGOs, think tanks, prominent individuals, Continue reading 200 + Signatories on MFAN's . sale 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. BNSF Railway is one of the largest freight railroads in North America. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Gerald Grinstein Strategic Director. "Come on," Denny reminded him. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. . Primary Income source Philanthropist (profession). It was Keith's public-service baptism, the ballast for later life. Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006 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 Other recent insider transactions involving Delta Air Lines Inc (DAL) include Let us take the example of Apple and Amazon. George Washington's salary of $25,000 was . After overseeing the firm's survival through bankruptcy and implementing a . 1Annualized. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. You must have JavaScript enabled to use this form. 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. Gerald Grinstein made "Some of our most successful entrepreneurs are really inventors at heart. Grinstein received the Railroader of the Year award in 1996.[3]. Gerald Grinstein. 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. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. 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 . a net Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 24/7 Wall Street. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. 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. Gerald Grinstein. 10Includes shares indirectly held. EVP-Chief Cust Experience Offr Allison C Ausband 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. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Calculating net worth is one way to gauge financial health. The company emerged from bankruptcy on December 9, 2013, and at the same time announced that it would merge with US Airways Group to form a new company, American Airlines Group. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. By. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. 74th St., Redmond, WA 98052, or another charity. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Keith made some jokes at his own expense and finally leaned forward and said something quasi-Scandanavian, a sentiment that spoke to my Ingmar Bergman-esque soul. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 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 focused, effective, and (and I mean this) understated. 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. 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. sale As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. 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. We use cookies to provide you with a great experience and to help our website run effectively. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. The analogy sounded a little too simple. Footnotes: ", 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. Terms of Use and Privacy Policy. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. He became CEO of Delta in 2004, a time of financial crisis for the airline. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 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. . Things didn't work out as Grinstein had hoped. 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. Operating Investors and Operators. of 111,326 shares. Grinstein received the Railroader of the Year award in 1996. 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) . Other key executives at PACCAR Inc include 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. He reduced his own pay by 25%, to approximately $325,000 per year. and By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Keith Grinstein, 1960-2008: Exec had heart for community. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. purchase sale 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. Some of our most successful entrepreneurs are really inventors at heart. purchase 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. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Gerald Grinstein Net Worth 2022 and insider trades. But will the Seattle Landmarks Board sign off? 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. 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. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Gerald Grinstein for Ed Bastian's 20 year pinning. Analysts predicted a loss of $4.76 a share excluding special items. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. . Seattle Times researcher David Turim contributed to this story. Over the past 18 months, Wherever he landed in life or career, Keith was bound to a legacy of service. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. There was a dervish-style coherence to his method, but I was clueless. A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. David Brown Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton 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. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. 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.