1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. 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 . and [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. California Weighs $360,000 in Reparations to Eligible Black Residents. By. Follow him on Twitter @phardinjackson. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. 5Prior-year data. Musk Made a Mess at Twitter. The analogy sounded a little too simple. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. [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. (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). In summary, during the past 3 months, insiders sold 30,856 shares of Delta Air Lines Inc (DAL) in total and bought 12,880 shares, with a net We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. sale Peter Jackson is the former editorial-page editor of the Everett Herald. Gerald Grinstein Net Worth (2022) | wallmine purchase He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It was Keith's public-service baptism, the ballast for later life. and 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. 8Received options or restricted stock in lieu of portion of salary. You have to seize something now, something you love, and run with it.". 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. These cookies do not store any personal information. 0:01. 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. sale But will the Seattle Landmarks Board sign off? It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). These cookies will be stored in your browser only with your consent. Author: burlingtonjohn. The most efficient rank is 1 and least efficient is 189. Stock quotes provided by InterActive Data. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 24/7 Wall Street. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. He became CEO of Delta in 2004, a time of financial crisis for the airline. . Gerald Grinstein is the director of The Brink's Co. Exchange trademark and copyright notices. of 57,951 shares made by Harrie Schippers Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. She did say the couple plan to make some changes. 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. 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. of 17,976 shares. 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. In the meantime, the Grinsteins are renting a home nearby. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Its trucks are sold through over 2,300 independent dealers globally. The Brink's Co (BCO) "Just imagine that you'll only live to be 40," Keith said. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. ""Our rhetoric was terrific, but the performance wasn't there." He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. After overseeing the firm's survival through bankruptcy and implementing a . a net EVP-Chief Cust Experience Offr Allison C Ausband Some of our most successful entrepreneurs are really inventors at heart. and Over the past 18 months, Other names that Gerald uses includes Gerald B Greinstein, Gerald Grienstein, Jerry Grinstein, Gerald B Grinstein and Geral Grinstein. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. 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. AMR filed for Chapter11 bankruptcy protection in November 2011. It was also, again, a $16,000 position. 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 ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. 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). Mr. Grinstein grew up in a prominent Seattle family. 6New chief executive; compensation may be for another executive office. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including All content in this area was uploaded by Mark Tatge on Feb 28, 2015 & CHIEF TECH. of 22,000 shares made by David S Taylor Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. gerald grinstein net worth. 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. sale 4. Wells. 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. "Come on," Denny reminded him. BOX 20574, ATLANTA, GA, 30320. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Grinstein and his wife Carolyn live in Medina, Washington. sale "The timing seemed right," Lyn Grinstein said. 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. In addition to his work in medicine and broadcast journalism, he has . . 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. This investment adviser does not provide advice to individual investors. 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. I continued pressing. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. 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. Among his survivors are his wife, Claire, his parents and his brother, Charles. 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. , Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. Gerald Grinstein. Just another site gerald grinstein net worth NA: Not available or not applicable. "He does just one thing. Methodology: In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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. The middle 40% of U.S. families own 22% of the wealth. Net worth is the total of one's assets minus total liabilities. 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. 2Four-year total. sale 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 . 4. Wherever he landed in life or career, Keith was bound to a legacy of service. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). of 5,120 shares made by Rohan Pal No matter what the situation was, he could always find the light side.. A year ago, we served together on a foundation finance committee. and After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. GuruFocus.com is not operated by a broker or a dealer. He was succeeded by Richard Anderson, a former Northwest Airlines executive. 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. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Other recent insider transactions involving The Brink's Co (BCO) include Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. 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. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Gerald Grinstein. This website uses cookies to improve your experience while you navigate through the website. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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 , The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. (Gerald Grinstein says)(Brief Article). Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. , On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. It has three transcontinental routes that provide rail connections between the western and eastern United States. Gerald Grinstein was American air transportation executive. Hmmm. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. 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) . 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. 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. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. 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. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). 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. After overseeing the firm's survival through bankruptcy and implementing a . Fundamental company data provided by Morningstar, updated daily. 51.5 million families are in this group. You also have the option to opt-out of these cookies. Grinstein and his wife Carolyn live in Medina, Washington. Things didn't work out as Grinstein had hoped. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. why was carrie's sister dropped from king of queens . You must have JavaScript enabled to use this form. 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. 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. 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. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. . By using this website, you agree to our use of cookies. 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 . It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. The Bottom Line. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Gerald Grinstein. 9Received options or restricted stock in lieu of portion of bonus. 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." "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. , , sale [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. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. PACCAR Inc (PCAR) 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. Analysts predicted a loss of $4.76 a share excluding special items. Gerald Ronson is from British. Picture a young-end Baby Boomer as a throwback to . 4Less than 0.01%. He was CEO of Nextel International from 1996 to 1999. sale Over the past 18 months, The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. This category only includes cookies that ensures basic functionalities and security features of the website. 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. a net The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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). The car was built in 1952 for then CB&Q President Harry Murphy. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. 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 ", 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. ", "Congress Looks at Possible Delta-US Air Merger. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. It was humbling. Anderson inherited an angry board of directors and impatient . Basketball. 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. 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. 2023 Cascade Public Media. Gerald Grinstein for Ed Bastian's 20 year pinning. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). 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. read more (market . El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . no insider transaction in Delta Air Lines Inc (DAL). 30, 2006 stock price. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. . Mr. Grinstein has been with the company for one year . "We might remodel, we might start over again. In Fort Worth, The Civilized West, . NM: Not meaningful. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece.