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 . of 4,880 shares. Just another site gerald grinstein net worth The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. NM: Not meaningful. James Moon Whitehurst is an American business executive. "The timing seemed right," Lyn Grinstein said. Gerald Grinstein was born on 06/26/1932 and is 90 years old. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. 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. "He does just one thing. , Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 74th St., Redmond, WA 98052, or another charity. The company's only surviving airline, Pinnacle, became Endeavor Air. After six months, he came up for review. Other recent insider transactions involving The Brink's Co (BCO) include Senator Warren G. Magnuson. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. 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. There was a dervish-style coherence to his method, but I was clueless. 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 . 51.5 million families are in this group. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Stock quotes provided by InterActive Data. 2Four-year total. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. See Jerry Grinstein's compensation, career history, education, & memberships. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. 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. MFAN's Open Letter to the President on the U.S. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. It was also, again, a $16,000 position. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Net worth totals vary by education, age, income and other factors. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. 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. "What can you say that you did with your life? This website uses cookies to improve your experience while you navigate through the website. 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. 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. . He became CEO of Delta in 2004, a time of financial crisis for the airline. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. 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. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. . When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. 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. Compensation rank is based on total compensation for latest fiscal year. . Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 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. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Musk Made a Mess at Twitter. 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. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. 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. 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. This category only includes cookies that ensures basic functionalities and security features of the website. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . [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. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. , "Some of our most successful entrepreneurs are really inventors at heart. Del Quentin Wilber. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. He was the President at IBM and chair of the board at Red Hat, and previously Chief Executive Officer at Red Hat and Chief Operating Officer at Delta Air Lines. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Controller Michael E Sweeney Past performance is a poor indicator of future performance. You must have JavaScript enabled to use this form. Over the past 18 months, of 32,650 shares made by R Preston Feight 4Less than 0.01%. When calculating net worth, it may be a positive or negative number. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. of 153,713 shares. 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. 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. BOX 20574, ATLANTA, GA, 30320. Delta Air Lines Inc (DAL) He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Since 2001, the annual presidential salary has been set at $400,000. 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Gerald Grinstein Net Worth (2022) | wallmine Mr. Grinstein is a graduate of Yale College and Harvard Law School. He was CEO of Nextel International from 1996 to 1999. Over the past 18 months, , Gerald Ronson is from British. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Northwest also performed worse than expected, losing $5.07 a . of 29,672 shares made by Joanne D Smith Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. The 72 year old executive ranks 12 within Transportation Chief executive . Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. and It is important to find the opening and closing net worth using the same asset value . George Washington's salary of $25,000 was . Necessary cookies are absolutely essential for the website to function properly. 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) . During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 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. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. Total returns and value of stock owned (including all classes) is based on Mar. sale (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). Start a company in the Pacific Northwest. a net [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. When the company emerged from Chapter 11 in 2007 . UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. Things didn't work out as Grinstein had hoped. Gerald Grinstein was American air transportation executive. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. (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). Its trucks are sold through over 2,300 independent dealers globally. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. sale Grinstein also set about regaining the trust and confidence of Delta's employees. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. But opting out of some of these cookies may affect your browsing experience. Refer a Friend and Earn One Month of Free Membership. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. . "That was a 10 percent raise!". I began to wax Bohemian. of 57,951 shares made by Harrie Schippers You also have the option to opt-out of these cookies. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. That could happen sometime this summer or fall, she says. It was meaningful do-gooderism as an end in itself. sale After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. 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. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. When its one-time expenses were included, Delta lost $7.64 a share. sale no insider transaction in Delta Air Lines Inc (DAL). Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Author: burlingtonjohn. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. This investment adviser does not provide advice to individual investors. Fundamental company data provided by Morningstar, updated daily. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Gerald Grinstein Net Worth 2022 and insider trades. Re: BNSF "Gerald Grinstein" business car. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Then you get to live here.. 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. why was carrie's sister dropped from king of queens . "Until we create an independently supported black institution, a financial safety net, for those . 10Includes shares indirectly held. 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 . 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. , By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position.
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