The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. He became CEO of Delta in 2004, a time of financial crisis for the airline. 1. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). 8Received options or restricted stock in lieu of portion of salary. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Sanjay Gupta's net worth is $12 million. Seattle Times researcher David Turim contributed to this story. Will Others Follow? , He was 48. sale . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. , I began to wax Bohemian. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. The Grinsteins have had their eye on the mansion for quite a while. Keith was, make no mistake, a frenetic presence. and No matter what the situation was, he could always find the light side.. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. no insider transaction in PACCAR Inc (PCAR). of 17,976 shares. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. Controller Michael E Sweeney Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. All Rights Reserved. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. BOX 20574, ATLANTA, GA, 30320. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Just another site gerald grinstein net worth Bressler retired in 1990, and Grinstein assumed the additional post of chairman. 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 was American air transportation executive. 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). Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. a net The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Grinstein and his wife Carolyn live in Medina, Washington. "The timing seemed right," Lyn Grinstein said. purchase Operating Investors and Operators. Gerald Ronson is from British. See Jerry Grinstein's compensation, career history, education, & memberships. 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. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Edward H. Bastian is an American business executive. Under Review. "Until we create an independently supported black institution, a financial safety net, for those . The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. [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. It was also, again, a $16,000 position. read more (market . I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." To calculate your net worth, take inventory of what you own, as well as your outstanding debt. of 57,951 shares made by Harrie Schippers 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. But opting out of some of these cookies may affect your browsing experience. 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. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Wherever he landed in life or career, Keith was bound to a legacy of service. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. (Gerald Grinstein says)(Brief Article). He became CEO of Delta in 2004, a time of financial crisis for the airline. 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 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. and Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. purchase and "That was a 10 percent raise!". 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. 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.. 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. 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. 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 . Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. 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. Other key executives at The Brink's Co include Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. It was meaningful do-gooderism as an end in itself. His new salary was set at $17,600. 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. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. . Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Grinstein's wife, Lyn, says they're ready to move into the 14-room, waterfront house just as soon as the Gateses are ready to move out. Mr. Grinstein is a co-founder of Madrona Venture Group. David Brown blockbuster store still open near haarlem. 5Prior-year data. It was humbling. A year ago, we served together on a foundation finance committee. ""Our rhetoric was terrific, but the performance wasn't there." Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 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. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. He reduced his own pay by 25%, to approximately $325,000 per year. Northwest also performed worse than expected, losing $5.07 a . Added: Jun 27, 2019. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. Burlington Northern operated between 1970 and 1996. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. 10Includes shares indirectly held. . Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. The analogy sounded a little too simple. Peter Jackson is the former editorial-page editor of the Everett Herald. 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 . Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Some of our most successful entrepreneurs are really inventors at heart. 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. sale Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Refer a Friend and Earn One Month of Free Membership. Grinstein received the Railroader of the Year award in 1996. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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. of 0 shares. When calculating net worth, it may be a positive or negative number. 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 Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. It has three transcontinental routes that provide rail connections between the western and eastern United States. 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. 4. It was Keith's public-service baptism, the ballast for later life. 2004-2023 GuruFocus.com, LLC. Over the past 18 months, On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. no insider transaction in Delta Air Lines Inc (DAL). . He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. a net ", "Delta Air Lines needs to cut costs, says CEO. Things didn't work out as Grinstein had hoped. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. 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. of 32,650 shares made by R Preston Feight On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. Its trucks are sold through over 2,300 independent dealers globally. I was acting the obnoxious Hamlet. sale Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. Terms of Use and Privacy Policy. Exchange trademark and copyright notices. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Author: burlingtonjohn. It is important to find the opening and closing net worth using the same asset value . Gerald Grinstein Net Worth 2022 and insider trades. Keith Grinstein, 1960-2008: Exec had heart for community. 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. 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. why is accuracy important in customer service. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. 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'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. 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. Re: BNSF "Gerald Grinstein" business car. gerald grinstein net worth. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Gerald Grinstein for Ed Bastian's 20 year pinning. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. Bill Gates bought the place from Sikma in 1993 for $8 million. 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 estimated Net Worth of Gerald Grinstein is at least Delta Air Lines stock worth over $38,620 and over the last 18 years Gerald sold DAL stock worth over $0 Just another site gerald grinstein net worth 30, 2006 stock price. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Fundamental company data provided by Morningstar, updated daily. 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. EVP & Chief Financial Officer Kurt B Mcmaken 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? 1Annualized. [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. Grinstein also set about regaining the trust and confidence of Delta's employees. [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. , 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 A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. . [8]. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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 He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Compensation rank is based on total compensation for latest fiscal year. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. "What can you say that you did with your life? California Weighs $360,000 in Reparations to Eligible Black Residents.
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