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 . 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. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. (Gerald Grinstein says)(Brief Article). The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. It is important to find the opening and closing net worth using the same asset value . I was acting the obnoxious Hamlet. 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. 2Four-year total. a net CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 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. [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. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. Life is short. . 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. Other key executives at Delta Air Lines Inc include Son complemented father, both emblematic of service above self; each was shrewd at tackling complex problems while highlighting the absurdity of certain politicians and other inflated egos. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. & CHIEF TECH. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Refer a Friend and Earn One Month of Free Membership. [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. Its trucks are sold through over 2,300 independent dealers globally. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Fundamental company data provided by Morningstar, updated daily. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Gerald Grinstein Net Worth (2022) | wallmine Wise counsel from a wise man: Do one thing well. It's a community that's done enormous good, recasting funding priorities and embracing transparency. 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. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. no insider transaction in The Brink's Co (BCO). WOODS) BNSF 1 Gerald Grinstein - (J. "Some of our most successful entrepreneurs are really inventors at heart. 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. OFFICER John N Rich He was just everywhere.. Re: BNSF "Gerald Grinstein" business car. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. Del Quentin Wilber. These cookies will be stored in your browser only with your consent. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. On average, Gerald trades about 200 units every 0 days since 2004. 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. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. I continued pressing. David Brown LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . , It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. Will His AI Plans Be Any Different? His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. 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 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. 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. Burlington Northern operated between 1970 and 1996. Harkness Capital Partners Team. 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 . By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. For example, if someone owes more than the total value of their assets, they have a negative net worth. It also operates additional companies that provide associated services. Gerald Grinstein made 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. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." 7Less than $100,000. When calculating net worth, it may be a positive or negative number. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. sale . 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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. of 4,880 shares. Mr. Grinstein is a co-founder of Madrona Venture Group. 51.5 million families are in this group. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Gerald Grinstein Net Worth (2022) | wallmine It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. of 350,919 shares. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Other key executives at The Brink's Co include And when we say own, we include assets that you may still be paying for, such as a car or a house . a net Over the past 18 months, EVP Daniel J Castillo a net Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Mr. Grinstein grew up in a prominent Seattle family. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. Other recent insider transactions involving The Brink's Co (BCO) include California Weighs $360,000 in Reparations to Eligible Black Residents. 8Received options or restricted stock in lieu of portion of salary. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. He was CEO of Nextel International from 1996 to 1999. Other recent insider transactions involving PACCAR Inc (PCAR) include 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 . Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Picture a young-end Baby Boomer as a throwback to . Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. This website uses cookies to improve your experience while you navigate through the website. Under Review. He was 48. "Michael Jordan," Keith said. The car was built in 1952 for then CB&Q President Harry Murphy. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. and sale He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. EVP-Chief Cust Experience Offr Allison C Ausband What is Gerald Grinstein's Net Worth? "He does just one thing. Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Start a company in the Pacific Northwest. After overseeing the firm's survival through bankruptcy and implementing a . In addition to his work in medicine and broadcast journalism, he has . In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. He is very patriotic when it comes to his business and personal life. Keith was, make no mistake, a frenetic presence. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. ", "Delta Air Lines needs to cut costs, says CEO. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. Primary Income source Philanthropist (profession). "Just imagine that you'll only live to be 40," Keith said. 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. purchase 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). Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 4. 4. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. All Rights Reserved. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Friends and business associates said Monday they were struggling to cope with the news of his sudden death. Gerald Grinstein. 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 the meantime, the Grinsteins are renting a home nearby. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. "Some of our most successful entrepreneurs are really . Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. Senator Warren G. Magnuson. Gerald Grinstein was born on 06/26/1932 and is 90 years old. 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. 3Three-year total. 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. 1. sale Operating Investors and Operators. 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. 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. We also use third-party cookies that help us analyze and understand how you use this website. and The Brink's Co (BCO) Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. 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 timing seemed right," Lyn Grinstein said. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. a net 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). and "I don't think we'll be as interesting.". 74th St., Redmond, WA 98052, or another charity. "That was a 10 percent raise!". The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Jerry is also a board member of the William D. Ruckelshaus Center. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. Some of our most successful entrepreneurs are really inventors at heart. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $38,070 and over the last 19 years Gerald sold DAL stock worth over $0. NM: Not meaningful. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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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. It is computed as the product of the total number of outstanding shares and the price of each share. Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006 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. C.E. 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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Grinstein and his wife Carolyn live in Medina, Washington. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 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. Grinstein and his wife Carolyn live in Medina, Washington. 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. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. a net The use of the net worth method is demonstrated in the figure below. Then you get to live here.. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. , purchase 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. Grinstein received the Railroader of the Year award in 1996. 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. 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 ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. It is mandatory to procure user consent prior to running these cookies on your website. By. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Methodology: Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. She did say the couple plan to make some changes. ", 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. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. He became CEO of Delta in 2004, a time of financial crisis for the airline. Wherever he landed in life or career, Keith was bound to a legacy of service. The Grinsteins have had their eye on the mansion for quite a while. 1:06. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. , Compensation percent change is based on combined salary and bonus. Over the past 18 months, You must have JavaScript enabled to use this form. ", "Congress Looks at Possible Delta-US Air Merger. This category only includes cookies that ensures basic functionalities and security features of the website. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. 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. Mr. Grinstein is a graduate of Yale College and Harvard Law School. 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. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Will Others Follow? See Jerry Grinstein's compensation, career history, education, & memberships. Just another site gerald grinstein net worth So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. His father, Gerald Grinstein, is a former CEO of . On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Gerald Grinstein is the director of PACCAR Inc. ". Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . 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. 0:01. "The timing seemed right," Lyn Grinstein said. 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. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Gerald Grinstein made In Fort Worth, The Civilized West, . Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 9Received options or restricted stock in lieu of portion of bonus. 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. "Until we create an independently supported black institution, a financial safety net, for those . Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Other key executives at PACCAR Inc include [8]. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". and US Airways Group Inc. was an airline holding company based in Tempe, Arizona. "We might remodel, we might start over again. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. The first step is to calculate the net worth of the individual at the start and end of the period. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 4. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. ", "Congress Looks at Possible Delta-US Air Merger. , Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Bill Gates bought the place from Sikma in 1993 for $8 million. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 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.
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