Under Review. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. The company filed for bankruptcy protection under Chapter 11 in 2012 and emerged from Chapter 11 in 2013 as a wholly owned subsidiary of Delta Air Lines. 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. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. He reduced his own pay by 25%, to approximately $325,000 per year. In addition to his work in medicine and broadcast journalism, he has . "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). MFAN's Open Letter to the President on the U.S. 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. sale Wells. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. sale 2023 Cascade Public Media. Refer a Friend and Earn One Month of Free Membership. Burlington Northern operated between 1970 and 1996. Gerald Grinstein. "We might remodel, we might start over again. That could happen sometime this summer or fall, she says. . gerald grinstein net worth 3Three-year total. He previously served as President of US Airways and American Airlines, as well as President of United Airlines from 2016 to 2020, when he was promoted as CEO. Things didn't work out as Grinstein had hoped. He was CEO of Nextel International from 1996 to 1999. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. read more (market . and Gerald Grinstein of Burlington Northern Inc.; . Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. We use cookies to provide you with a great experience and to help our website run effectively. . The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. ". BNSF No. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. V.P. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion Basketball. Delta Air Lines - Wikipedia, la enciclopedia libre A decade later it had acquired Piedmont Airlines and Pacific Southwest Airlines (PSA), and was one of the U.S.'s seven transcontinental legacy carriers. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Other key executives at Delta Air Lines Inc include 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 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. 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. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Gerald Grinstein made 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 . Gerald Grinstein for Ed Bastian's 20 year pinning. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate It is computed as the product of the total number of outstanding shares and the price of each share. What is Gerald Grinstein's Net Worth? On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Hmmm. and no insider transaction in PACCAR Inc (PCAR). a net of 5,120 shares made by Rohan Pal purchase sale 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. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . 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. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. Burlington Northern Santa Fe Railway | Encyclopedia.com [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 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. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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 . 2004-2023 GuruFocus.com, LLC. He became CEO of Delta in 2004, a time of financial crisis for the airline. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. Among his survivors are his wife, Claire, his parents and his brother, Charles. 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. Exchange trademark and copyright notices. Who Runs Fort Worth? - D Magazine Mr. Grinstein grew up in a prominent Seattle family. Gerald Grinstein - Harkness Capital Partners . There was a dervish-style coherence to his method, but I was clueless. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. 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 . 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Gerald Grinstein Net Worth (2022) | wallmine Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Controller Michael E Sweeney Delta Air Lines Emerges From Bankruptcy | Fox News Gerald Grinstein was American air transportation executive. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz 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. 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. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Over the past 18 months, Follow him on Twitter @phardinjackson. Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr 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. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. Grinstein also set about regaining the trust and confidence of Delta's employees. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. 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 . Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 It was humbling. Gerald Grinstein is the director of The Brink's Co. sale The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Net Worth Defined: What Is My Net Worth? - NerdWallet When its one-time expenses were included, Delta lost $7.64 a share. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Gerald Grinstein Net Worth 2022 and insider trades. Mr. Grinstein is a graduate of Yale College and Harvard Law School. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details gerald grinstein net worth. We also use third-party cookies that help us analyze and understand how you use this website. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. why is accuracy important in customer service. , View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Gerald Grinstein profile | Delta News Hub Amy Martinez: 206-464-2923 or amartinez@seattletimes.com, Fire on Lake City Way in Seattle raises smoke, flooding concerns, WA to end masking requirement in health care, correctional facilities, Tacoma woman refusing tuberculosis treatment continues to face arrest, Be bolder to get light rail done, expert panel tells Sound Transit, Driver makes U-turn, hits pedestrian near Pioneer Square, police say. 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. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Just another site gerald grinstein net worth Mr. Grinstein has been with the company for one year . 9Received options or restricted stock in lieu of portion of bonus. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. of 57,951 shares made by Harrie Schippers Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Gerald Grinstein. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). PACCAR Inc (PCAR) Musk Made a Mess at Twitter. He became CEO of Delta in 2004, a time of financial crisis for the airline. [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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. Mr. Grinstein is a co-founder of Madrona Venture Group. He was succeeded by Richard Anderson, a former Northwest Airlines executive. and Life is short. Primary Income source Philanthropist (profession). 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. She did say the couple plan to make some changes. 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 AMR filed for Chapter11 bankruptcy protection in November 2011. This website uses cookies to improve your experience while you navigate through the website. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. The most efficient rank is 1 and least efficient is 189. OFFICER John N Rich [8]. Analysts predicted a loss of $4.76 a share excluding special items. Gerald Grinstein Net Worth (2007) Delta Air Lines Inc Insider Trades 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. BNSF Business Cars During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. 8Received options or restricted stock in lieu of portion of salary. , Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. CASO 1 DE INTELIGENCIA EMOCIONAL - Blogger EVP - Chief of Operations John E Laughter ", "Delta Air Lines needs to cut costs, says CEO. sale He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Peter Jackson is the former editorial-page editor of the Everett Herald. Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. He became CEO of Delta in 2004, a time of financial crisis for the airline. Average Net Worth by Age - SmartAsset On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. In the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. Seattle Times researcher David Turim contributed to this story. 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.
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