Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 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 - WikiMili, The Best Wikipedia Reader Gerald Grinstein Net Worth (2023) | wallmine Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). , Will Others Follow? 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 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. [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. The Brink's Co (BCO)
Gerald Grinstein Net Worth (2007) Delta Air Lines Inc Insider Trades It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline.
LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gerald Grinstein. 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. 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 .
Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. [8]. Mr. Grinstein is a co-founder of Madrona Venture Group. See Jerry Grinstein's compensation, career history, education, & memberships. Grinstein also set about regaining the trust and confidence of Delta's employees. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Under Review. sale Gerald Grinstein made He was beloved by many, many people..
Burlington Northern Santa Fe Railway | Encyclopedia.com The car was built in 1952 for then CB&Q President Harry Murphy. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. Among his survivors are his wife, Claire, his parents and his brother, Charles. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. ", "Delta Air Lines needs to cut costs, says CEO. Added: Jun 27, 2019. of 22,000 shares made by David S Taylor ", 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. Let us take the example of Apple and Amazon. 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 a Board Member of the Seattle Symphony and The Seattle Foundation. 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. Musk Made a Mess at Twitter. Hmmm. He was 48. Past performance is a poor indicator of future performance. 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. 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. Seattle Times researcher David Turim contributed to this story. 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. Gerald Grinstein made and We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. You have to seize something now, something you love, and run with it.". In Fort Worth, The Civilized West, . Stock quotes provided by InterActive Data. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost.
gerald grinstein net worth - wellofinspiration.stream One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. purchase I continued pressing. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962.
How to Calculate Net Worth of a Company | Formula | Top Examples EVP - Chief of Operations John E Laughter , Follow him on Twitter @phardinjackson. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . Mr. Grinstein grew up in a prominent Seattle family. Delta Air Lines Inc (DAL)
Gerald Grinstein - Address & Phone Number | Whitepages 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 . Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. , This investment adviser does not provide advice to individual investors. Gerald Grinstein was American air transportation executive. George Washington's salary of $25,000 was . 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 a net "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. , Friends and business associates said Monday they were struggling to cope with the news of his sudden death. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 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.
Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com 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.
When calculating net worth, it may be a positive or negative number. 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. 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. "The timing seemed right," Lyn Grinstein said. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Net worth totals vary by education, age, income and other factors. By using this website, you agree to our use of cookies. John Scott Kirby is an American executive currently serving as CEO of United Airlines. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. (Gerald Grinstein says)(Brief Article). The largest trade Gerald's ever made was buying 1,000 units of Delta Air Lines stock on 3 May 2007 worth over $21,750. Calculating net worth is one way to gauge financial health. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company.
Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting of 111,326 shares. why was carrie's sister dropped from king of queens . He was CEO of Nextel International from 1996 to 1999. , "The timing seemed right," Lyn Grinstein said. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). These cookies will be stored in your browser only with your consent. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. [3].
Gerald Grinstein - Co-Founder and Strategic Director @ Madrona When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. "Come on," Denny reminded him. Wise counsel from a wise man: Do one thing well. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 1Annualized.
BNSF "Gerald Grinstein" business car - Trainorders.com Discussion Gerald Grinstein - NNDB It is important to find the opening and closing net worth using the same asset value .
Delta Air Lines - Wikipedia, la enciclopedia libre 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." GuruFocus.com is not operated by a broker or a dealer. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. A year ago, we served together on a foundation finance committee. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. His new salary was set at $17,600. For example, if someone owes more than the total value of their assets, they have a negative net worth. 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. 10Includes shares indirectly held. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. He became CEO of Delta in 2004, a time of financial crisis for the airline. . and Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 3Three-year total. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. Gerald Grinstein for Ed Bastian's 20 year pinning. Life is short. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. It was humbling. Since 2001, the annual presidential salary has been set at $400,000. Gerald Grinstein made 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 CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Gerald Ronson is from British. All Rights Reserved. , 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 was succeeded by Richard Anderson, a former Northwest Airlines executive. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. NM: Not meaningful. 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 for Ed Bastian's 20 year pinning | Delta News Hub Who Runs Fort Worth? - D Magazine According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." and of 350,919 shares. , The analogy sounded a little too simple. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. After overseeing the firm's survival through bankruptcy and implementing a . 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. She did say the couple plan to make some changes. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Net worth is the total of one's assets minus total liabilities. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. purchase
Gerald Grinstein, CEO Compensation - Forbes.com The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
Gerald Grinstein - Harkness Capital Partners . C.E. 2023 Cascade Public Media. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). WOODS) BNSF 1 Gerald Grinstein - (J. "That was a 10 percent raise!". In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.
Businessman Keith Grinstein known for his humor ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. 8Received options or restricted stock in lieu of portion of salary. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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.
(Gerald Grinstein says)(Brief Article). Footnotes: Most recently, Mr. Grinstein was chairman of Coinstar, a Bellevue-based operator of coin-counting machines, as well as a director of Seattle technology company F5 Networks and Tacoma-based staffing agency TrueBlue. "Until we create an independently supported black institution, a financial safety net, for those . 4. After six months, he came up for review. 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. Things didn't work out as Grinstein had hoped. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. He became CEO of Delta in 2004, a time of financial crisis for the airline. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
Gerald Grinstein - Wikipedia What is Gerald Grinstein's Net Worth? of 24,590 shares made by William C Carroll 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). Other recent insider transactions involving PACCAR Inc (PCAR) include Senator Warren G. Magnuson. 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 Grinstein has been CEO of Delta Air Lines for 1 years. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). of 29,672 shares made by Joanne D Smith (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). 1. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. What should I do with my life?
Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr "Just imagine that you'll only live to be 40," Keith said. Will His AI Plans Be Any Different? The 72 year old executive ranks 12 within Transportation Chief executive . The use of the net worth method is demonstrated in the figure below. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Other recent insider transactions involving Delta Air Lines Inc (DAL) include 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. 4. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. 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. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Over the past 18 months, 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. gerald grinstein net worth. [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.