Enjoy a 7-Day Free Trial Thru Mar 11, 2023! 51.5 million families are in this group. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Gerald Grinstein was born on 06/26/1932 and is 90 years old. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. , She did say the couple plan to make some changes. 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. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. (Gerald Grinstein says)(Brief Article). It also operates additional companies that provide associated services. , See Jerry Grinstein's compensation, career history, education, & memberships. Gerald Grinstein. and Will His AI Plans Be Any Different? ATLANTA Gerald Grinstein took the helm of Delta Air Lines at an age when many chief executives have given up the corner office for leisurely days of fly fishing or . Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. [8]. A year ago, we served together on a foundation finance committee. 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. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. He was focused, effective, and (and I mean this) understated. The Grinsteins have had their eye on the mansion for quite a while. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Seattle Times researcher David Turim contributed to this story. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. The Bottom Line. It is computed as the product of the total number of outstanding shares and the price of each share. "Just imagine that you'll only live to be 40," Keith said. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. He reduced his own pay by 25%, to approximately $325,000 per year. Under Review. The first step is to calculate the net worth of the individual at the start and end of the period. 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. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. . BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. Since 2001, the annual presidential salary has been set at $400,000. gerald grinstein net worth. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. You must have JavaScript enabled to use this form. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. WOODS) BNSF 1 Gerald Grinstein - (E.C. Methodology: 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.. 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. Bar: District of Columbia, Washington. When calculating net worth, it may be a positive or negative number. 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 . 1. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Refer a Friend and Earn One Month of Free Membership. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). of 350,919 shares. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Gerald Grinstein. 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. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. He is very patriotic when it comes to his business and personal life. 8Received options or restricted stock in lieu of portion of salary. , Click here to see the complete history of Gerald Grinsteins form 4 insider trades. AMR Corporation was an airline holding company based in Fort Worth, Texas, which was the parent company of American Airlines, American Eagle Airlines, AmericanConnection and Executive Airlines. Grinstein and his wife Carolyn live in Medina, Washington. [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. He was 48. 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. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. Stock quotes provided by InterActive Data. Median net worth . In summary, during the past 3 months, insiders sold 30,856 shares of Delta Air Lines Inc (DAL) in total and bought 12,880 shares, with a net Fundamental company data provided by Morningstar, updated daily. Gerald Grinstein for Ed Bastian's 20 year pinning. 0:01. Grinstein also set about regaining the trust and confidence of Delta's employees. He had an incredible sense of humor. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Even before that, every president has been paid well. The company's only surviving airline, Pinnacle, became Endeavor Air. Delta Air Lines is a major American airline. Mr. Grinstein is a co-founder of Madrona Venture Group. 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. 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. BOX 20574, ATLANTA, GA, 30320. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. It has three transcontinental routes that provide rail connections between the western and eastern United States. 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. It was an improvement over the first quarter of 2003, when Delta reported $466 million in losses as the Iraq war kicked off and the SARS outbreak in Asia caused international travel to plummet . For example, if someone owes more than the total value of their assets, they have a negative net worth. Basketball. It was meaningful do-gooderism as an end in itself. 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. 4. Other recent insider transactions involving Delta Air Lines Inc (DAL) include El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . In 1997, it rebranded as US Airways. sale 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. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. After Delta, Mullin has emerged as a leader in both the public and private sectors, serving other companies and continuing to be a philanthropic contributor. Thomas W. Horton is a partner of Global Infrastructure Partners and is lead director at Walmart Inc. and General Electric Corp. United Airlines is the third largest airline in the world, with 86,852 employees and 721 aircraft. Over the past 18 months, I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." sale 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. And he thrives.". California Weighs $360,000 in Reparations to Eligible Black Residents. But opting out of some of these cookies may affect your browsing experience. 74th St., Redmond, WA 98052, or another charity. All Rights Reserved. Re: BNSF "Gerald Grinstein" business car. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. of 57,951 shares made by Harrie Schippers . Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Other recent insider transactions involving PACCAR Inc (PCAR) include Gerald Grinstein is the director of The Brink's Co. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. On the same date, Thomas H. O'Leary, 54, will become president and chief . Anderson inherited an angry board of directors and impatient . WOODS) BNSF 1 Gerald Grinstein - (J. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. 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 "Some of our most successful entrepreneurs are really inventors at heart. Other recent insider transactions involving The Brink's Co (BCO) include of 4,880 shares. sale Compensation rank is based on total compensation for latest fiscal year. 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). Mr. Grinstein has been with the company for one year . 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. This website uses cookies to improve your experience while you navigate through the website. . "Some of our most successful entrepreneurs are really . 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 was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. Primary Income source Philanthropist (profession). It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. John Scott Kirby is an American executive currently serving as CEO of United Airlines. He reduced his own pay by 25%, to approximately $325,000 per year. C.E. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton , Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . He was a Board Member of the Seattle Symphony and The Seattle Foundation. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. sale Grinstein received the Railroader of the Year award in 1996.[3]. 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. . Exchange trademark and copyright notices. On average, Gerald trades about 200 units every 0 days since 2004. Del Quentin Wilber. a net 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. EVP & Chief Financial Officer Kurt B Mcmaken As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. 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. 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. Keith Grinstein, 1960-2008: Exec had heart for community. After overseeing the firm's survival through bankruptcy and implementing a . From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 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. 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. sale Just another site gerald grinstein net worth PACCAR Inc (PCAR) 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. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . of 22,000 shares made by David S Taylor Then you get to live here.. 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). and View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. 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? 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. Mr. Grinstein grew up in a prominent Seattle family. Among his survivors are his wife, Claire, his parents and his brother, Charles. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Gerald Grinstein made To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Gerald Grinstein Net Worth (2022) | wallmine Other key executives at The Brink's Co include 3Three-year total. Email. Total returns and value of stock owned (including all classes) is based on Mar. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. But will the Seattle Landmarks Board sign off? Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Lyn Grinstein politely declined to say how much the house will cost. 1:06. Lee Moak is a government relations and public affairs consultant and one of the founders of The Moak Group, a public affairs, advocacy, and business consulting firm located in Washington, D.C. Before joining Delta Air Lines and working his way up to a B-767 Delta Air Lines captain, Moak served as a Marine Corps pilot, and as president of the Air Line Pilots Association, International (ALPA), the world's largest non-governmental aviation safety organization. Mr. Grinstein grew up in a prominent Seattle family. David Brown no insider transaction in Delta Air Lines Inc (DAL). Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. no insider transaction in PACCAR Inc (PCAR). 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. , It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. ", "Delta Air Lines needs to cut costs, says CEO. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. [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. Gerald Ronson earned the money being a professional Philanthropist. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). and NM: Not meaningful. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. 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. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. Net worth totals vary by education, age, income and other factors. 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. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. "I don't think we'll be as interesting.". AMR filed for Chapter11 bankruptcy protection in November 2011. and Gerald Grinstein of Burlington Northern Inc.; . (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). "The timing seemed right," Lyn Grinstein said. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. (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). Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. His new salary was set at $17,600. , He became CEO of Delta in 2004, a time of financial crisis for the airline. Hmmm. of 5,120 shares made by Rohan Pal His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. 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. 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