By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Gerald Grinstein Net Worth (2022) | wallmine 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. 74th St., Redmond, WA 98052, or another charity. gerald grinstein net worth - albakricorp.com 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. WOODS) BNSF 1 Gerald Grinstein - (E.C. Team | Harkness Capital Partners | Capital and Resources to Support Growth Net Worth - Overview, How To Calculate, NW Method Wells. 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. Mr. Grinstein is a co-founder of Madrona Venture Group. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. In the meantime, the Grinsteins are renting a home nearby. 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. 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. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. gerald grinstein net worth - anmolsahota.com Senator Warren G. Magnuson. Gerald Grinstein was American air transportation executive. Over the past 18 months, A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. Basketball. V.P. David Brown Refer a Friend and Earn One Month of Free Membership. 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) . By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. By using this website, you agree to our use of cookies. 4. of 350,919 shares. And he thrives.". Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. Average Net Worth by Age - SmartAsset 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. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Methodology: Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Gerald Grinstein Wikipedia Republished // WIKI 2 Prior to working at Delta in 2001, he served as Vice President and Director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. Bill Gates bought the place from Sikma in 1993 for $8 million. Gerald Grinstein - The William D. Ruckelshaus Center EVP-Chief Cust Experience Offr Allison C Ausband He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. The Brink's Co (BCO) For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. of 24,590 shares made by William C Carroll Net Worth Defined: What Is My Net Worth? - NerdWallet This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. 10 Things You Didn't Know about Delta CEO Edward Bastian - Money Inc of 4,880 shares. 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 shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. 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. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Edward H. Bastian Net Worth (2023) | wallmine Fundamental company data provided by Morningstar, updated daily. A year ago, we served together on a foundation finance committee. You also have the option to opt-out of these cookies. Gerald Grinstein is the director of PACCAR Inc. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Average Net Worth by Age: How Do You Compare? - NerdWallet Analysts predicted a loss of $4.76 a share excluding special items. Gerald Grinstein Net Worth (2007) Delta Air Lines Inc Insider Trades The use of the net worth method is demonstrated in the figure below. 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 sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. 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 . When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Start a company in the Pacific Northwest. Re: BNSF "Gerald Grinstein" business car. BNSF Railway is one of the largest freight railroads in North America. All Rights Reserved. (Gerald Grinstein says)(Brief Article). a net sale The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. We know that Gerald's political affiliation is . Edward H. Bastian is an American business executive. Follow him on Twitter @phardinjackson. This category only includes cookies that ensures basic functionalities and security features of the website. Compensation rank is based on total compensation for latest fiscal year. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). William Douglas Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines. Mr. Grinstein grew up in a prominent Seattle family. "That was a 10 percent raise!". ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. and gerald grinstein net worth. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. of 17,976 shares. . Wallmine is a radically better financial terminal. 4Less than 0.01%. 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). As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Mr. Grinstein is a graduate of Yale College and Harvard Law School. 1. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. NA: Not available or not applicable. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. California Weighs $360,000 in Reparations to Eligible Black Residents. of 153,713 shares. . Footnotes: 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). It is mandatory to procure user consent prior to running these cookies on your website. Keith Grinstein, 1960-2008: Exec had heart for community. Grinstein also set about regaining the trust and confidence of Delta's employees. Compensation rank is based on total compensation for latest fiscal year. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. 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. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. 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. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. The Bottom Line. 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 . In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. His father, Gerald Grinstein, is a former CEO of . Other recent insider transactions involving PACCAR Inc (PCAR) include BNSF 1 Gerald Grinstein - (SLIDER JAKE) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (THE RAILFAN.NET USERNET ABPR PHOTO ARCHIVES) BNSF 1 Gerald Grinstein - (J. . 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. I began to wax Bohemian. 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. Gerald Grinstein for Ed Bastian's 20 year pinning. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. "The timing seemed right," Lyn Grinstein said. JA Hall of Fame: Gerald Grinstein - Puget Sound Business Journal He is very patriotic when it comes to his business and personal life. Anderson inherited an angry board of directors and impatient . GuruFocus.com is not operated by a broker or a dealer. 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 Grinstein. "We might remodel, we might start over again. 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. , 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. Art collectors divided over tax issue - seattlepi.com of 3,017 shares made by Todd R Hubbard 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 BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on OFFICER John N Rich , When the company emerged from Chapter 11 in 2007 . For example, if someone owes more than the total value of their assets, they have a negative net worth. Grinstein received the Railroader of the Year award in 1996. Controller Michael E Sweeney Wise counsel from a wise man: Do one thing well. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Things didn't work out as Grinstein had hoped. Gerald Grinstein. He became CEO of Delta in 2004, a time of financial crisis for the airline. Del Quentin Wilber. , The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. 10Includes shares indirectly held. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection 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 reduced his own pay by 25%, to approximately $325,000 per year. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. 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.
