gerald grinstein net worth gerald grinstein net worth

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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. of 22,000 shares made by David S Taylor sale . To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Burlington Northern operated between 1970 and 1996. And he thrives.". sale Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 of 17,976 shares. 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. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. 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. I was acting the obnoxious Hamlet. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 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. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". It may be a sin to use the subjunctive tense, especially about a life interrupted, but Keith's biography would have tracked with the Northwest's Jim Ellis and Eddie Carlson, innovators who knit together business savvy, public vision, and community values. James Moon Whitehurst is an American business executive. a net Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. and The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. NM: Not meaningful. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. Just another site gerald grinstein net worth The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Other recent insider transactions involving The Brink's Co (BCO) include All Rights Reserved. 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. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. He was focused, effective, and (and I mean this) understated. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). 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. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. of 24,590 shares made by William C Carroll It is important to find the opening and closing net worth using the same asset value . sale Born: c. 1932 Birthplace: Seattle, WA Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Delta Air Lines, 2004-07 Wife: Lyn (four children) University: Yale University (1954) Law School: Harvard Law School (1957) Administrator: Regent, University of Washington (1998-2004) and Gerald Ronson is from British. 1. . We also use third-party cookies that help us analyze and understand how you use this website. Bill Gates bought the place from Sikma in 1993 for $8 million. Gerald Grinstein Net Worth 2022 and insider trades. . Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. 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. a net 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. Re: BNSF "Gerald Grinstein" business car. 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. 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 5Prior-year data. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Senator Warren G. Magnuson. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. He was 48. no insider transaction in PACCAR Inc (PCAR). In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. The 72 year old executive ranks 12 within Transportation Chief executive . Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. It was Keith's public-service baptism, the ballast for later life. Wherever he landed in life or career, Keith was bound to a legacy of service. 2023 Cascade Public Media. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Musk Made a Mess at Twitter. Keith moved on to Georgetown Law School and an inspired career in telecommunications and venture capital, the kind of work where a 10 percent raise carries a bit more oomph. A year ago, we served together on a foundation finance committee. There isnt anyone in business in Seattle who doesnt know Keith. sale 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." Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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. ""Our rhetoric was terrific, but the performance wasn't there." 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. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. . 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. 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. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. 9Received options or restricted stock in lieu of portion of bonus. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. It has three transcontinental routes that provide rail connections between the western and eastern United States. 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. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . 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). Gerald Grinstein made She did say the couple plan to make some changes. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. It was also, again, a $16,000 position. He was beloved by many, many people.. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. 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 . NA: Not available or not applicable. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. EVP & Chief Financial Officer Kurt B Mcmaken 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. 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. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). 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. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. It was meaningful do-gooderism as an end in itself. Gerald Grinstein. Mr. Grinstein is a co-founder of Madrona Venture Group. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. Gerald Grinstein was born on 06/26/1932 and is 90 years old. 2Four-year total. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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. Grinstein received the Railroader of the Year award in 1996. sale It was a dance of identical twins with one time-traveling sibling three decades younger than the other. [3]. . Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Northwest also performed worse than expected, losing $5.07 a . 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. I began to wax Bohemian. 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. After six months, he came up for review. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. sale EVP - Chief of Operations John E Laughter V.P. [8], ""Our rhetoric was terrific, but the performance wasn't there." His father, Gerald Grinstein, is a former CEO of . Allen, el hombre que, en la cumbre de su poder, haba detentado los ttulos de presidente, director ejecutivo y gerente general, fue despedido a la edad de 55 aos, sobre todo por haber matado el alma de la empresa. 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. We use cookies to provide you with a great experience and to help our website run effectively. "What can you say that you did with your life? He was succeeded by Richard Anderson, a former Northwest Airlines executive. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. "Just imagine that you'll only live to be 40," Keith said. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. It was humbling. PACCAR Inc (PCAR) So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. of 8,500 shares made by Simon Davis 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. Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. Footnotes: Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Even before that, every president has been paid well. Will Others Follow? Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Over the past 18 months, Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. [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. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. purchase 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.. and 30, 2006 stock price. Prior to joining BNI, he held positions including chairman and CEO of Western Airlines, partner in the law firm Preston, Torgrimson, Ellis & Hollman, chief counsel to the United States Senate Commerce Committee, counsel to the Merchant Marine & Transportation Subcommittee, and administrative assistant to U.S. The route network covered destinations in 47 states, as well as international destinations. 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. Gerald Grinstein Net Worth (2022) | wallmine He is very patriotic when it comes to his business and personal life. You have to seize something now, something you love, and run with it.". 1470: BNSF 1: Gerald Grinstein: Budd: 1952: Business 2 suites, Buffet, w/kitchen lounge: ex-CB&Q: 1471: BNSF 4: Missouri River: Pullman: 1955: Business 2 suites . [8]. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. 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. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. 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. Wallmine is a radically better financial terminal. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Picture a young-end Baby Boomer as a throwback to . Keith was, make no mistake, a frenetic presence. He was a Board Member of the Seattle Symphony and The Seattle Foundation. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Primary Income source Philanthropist (profession). 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. and Gerald Grinstein of Burlington Northern Inc.; . During the past 18 months, 5,120 shares of The Brink's Co (BCO) were sold and 10,000 shares were bought by its insiders, resulting in a net California Weighs $360,000 in Reparations to Eligible Black Residents. , Past performance is a poor indicator of future performance. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Grinstein also set about regaining the trust and confidence of Delta's employees. 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. 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. and , Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations such as Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. There was a dervish-style coherence to his method, but I was clueless. Follow him on Twitter @phardinjackson. 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. Stock quotes provided by InterActive Data. Keith Grinstein, 1960-2008: Exec had heart for community. no insider transaction in Delta Air Lines Inc (DAL). On average, Gerald trades about 200 units every 0 days since 2004. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. It is mandatory to procure user consent prior to running these cookies on your website. Grinstein and his wife Carolyn live in Medina, Washington. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The analogy sounded a little too simple. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Start a company in the Pacific Northwest. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Mr. Grinstein is a graduate of Yale College and Harvard Law School. In 1997, it rebranded as US Airways. These cookies do not store any personal information. a net And when we say own, we include assets that you may still be paying for, such as a car or a house . Delta Air Lines is a major American airline. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. After overseeing the firm's survival through bankruptcy and implementing a . sale ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Operating Investors and Operators. 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 . 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. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. , Bar: District of Columbia, Washington. Wells. These cookies will be stored in your browser only with your consent. Mr. Grinstein is a co-founder of Madrona Venture Group. He had an incredible sense of humor. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. , 51.5 million families are in this group. of 111,326 shares. 4. 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. 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 . Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Compensation rank is based on total compensation for latest fiscal year. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. The first step is to calculate the net worth of the individual at the start and end of the period. a net 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. Controller Michael E Sweeney On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. 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. Peter Jackson is the former editorial-page editor of the Everett Herald. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Net worth totals vary by education, age, income and other factors. (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). We'll focus on the median and average net worth figures for different age groups: Age of head of family. 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. 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. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. . It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. purchase 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.