Author: burlingtonjohn. Gerald Grinstein. NM: Not meaningful. . ", "Delta Air Lines needs to cut costs, says CEO. Then you get to live here.. 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. All Rights Reserved. ", "Congress Looks at Possible Delta-US Air Merger. The Grinsteins have had their eye on the mansion for quite a while. Will Others Follow? Wherever he landed in life or career, Keith was bound to a legacy of service. He was a Board Member of the Seattle Symphony and The Seattle Foundation. WOODS) BNSF 1 Gerald Grinstein - (J. Other recent insider transactions involving PACCAR Inc (PCAR) include In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. of 22,000 shares made by David S Taylor EVP & Chief Financial Officer Kurt B Mcmaken Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Burlington Northern operated between 1970 and 1996. 1:06. a net "Some of our most successful entrepreneurs are really inventors at heart. 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. 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. There isnt anyone in business in Seattle who doesnt know Keith. of 29,672 shares made by Joanne D Smith and Del Quentin Wilber. He reduced his own pay by 25%, to approximately $325,000 per year. 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. gerald grinstein net worth. 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. 2004-2023 GuruFocus.com, LLC. C.E. 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." This category only includes cookies that ensures basic functionalities and security features of the website. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Total returns and value of stock owned (including all classes) is based on Mar. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. sale a net sale Compensation rank is based on total compensation for latest fiscal year. sale 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. why is accuracy important in customer service. 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. The company's only surviving airline, Pinnacle, became Endeavor Air. Controller Michael E Sweeney 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). The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. 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. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). I began to wax Bohemian. 1. Mr. Grinstein is a graduate of Yale College and Harvard Law School. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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. 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). of 5,120 shares made by Rohan Pal His new salary was set at $17,600. That could happen sometime this summer or fall, she says. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. , From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). 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. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. Gerald Ronson earned the money being a professional Philanthropist. "Until we create an independently supported black institution, a financial safety net, for those . . Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. We use cookies to provide you with a great experience and to help our website run effectively. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . [3]. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Compensation rank is based on total compensation for latest fiscal year. 9Received options or restricted stock in lieu of portion of bonus. 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 Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. All Rights Reserved. In the meantime, the Grinsteins are renting a home nearby. How federal weed legalization would impact Washington state, ArtSEA: Bronze books in Bellevue and a rush of Seattle readings, The egg shortage won't end anytime soon. . It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Median net worth . Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. of 57,951 shares made by Harrie Schippers 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. of 1,500 shares made by Timothy Joseph Tynan a net BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. 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. (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). It was humbling. Past performance is a poor indicator of future performance. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. , UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". The car was built in 1952 for then CB&Q President Harry Murphy. The 72 year old executive ranks 12 within Transportation Chief executive . Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Bill Gates bought the place from Sikma in 1993 for $8 million. 24/7 Wall Street. 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). We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. There was a dervish-style coherence to his method, but I was clueless. 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. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. and Gerald Grinstein of Burlington Northern Inc.; . A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Life is short. 3Three-year total. of 111,326 shares. 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 CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. No matter what the situation was, he could always find the light side.. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. By using this website, you agree to our use of cookies. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. What is Gerald Grinstein's Net Worth? . Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. 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. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. of 4,880 shares. a net El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . 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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. 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 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Primary Income source Philanthropist (profession). All content in this area was uploaded by Mark Tatge on Feb 28, 2015 no insider transaction in Delta Air Lines Inc (DAL). Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. In 1997 Harris and Steve Wolf signed a strategic agreement between Air Canada and United Airlines, producing what is now the Star Alliance, which grew to become the world's largest global airline alliance. 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 . Though environmentalists would like to cite him as an example of big business concern for the environment, he says . , Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. It was Keith's public-service baptism, the ballast for later life. , The Grinsteins have had their eye on the mansion for quite a while. Just another site gerald grinstein net worth HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. 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. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. V.P. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." 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. 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. 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 . Picture a young-end Baby Boomer as a throwback to . Other key executives at The Brink's Co include 8Received options or restricted stock in lieu of portion of salary. 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. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. John Scott Kirby is an American executive currently serving as CEO of United Airlines. "Michael Jordan," Keith said. Delta Air Lines is a major American airline. ", "Congress Looks at Possible Delta-US Air Merger. California Weighs $360,000 in Reparations to Eligible Black Residents. "We aren't sure what we will do with it," she said. When its one-time expenses were included, Delta lost $7.64 a share. 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Gerald Grinstein. Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein.