In addition to his work in medicine and broadcast journalism, he has . I began to wax Bohemian. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. The company's only surviving airline, Pinnacle, became Endeavor Air. a net 1Annualized. John Scott Kirby is an American executive currently serving as CEO of United Airlines. , ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). BOX 20574, ATLANTA, GA, 30320. I was acting the obnoxious Hamlet. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. of 57,951 shares made by Harrie Schippers a net He was succeeded by Richard Anderson, a former Northwest Airlines 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. Methodology: 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. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. purchase Necessary cookies are absolutely essential for the website to function properly. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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 The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. 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 Over the past 18 months, 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. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. 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 . We know that Gerald's political affiliation is . 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. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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. You must have JavaScript enabled to use this form. In 1997, it rebranded as US Airways. David Brown (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). Above is the net worth, insider trading, and ownership report for Gerald Grinstein. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. 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. V.P. "Some of our most successful entrepreneurs are really . Under Review. 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 . They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. gerald grinstein net worth. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. "Just imagine that you'll only live to be 40," Keith said. Gerald Grinstein was American air transportation executive. 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. California Weighs $360,000 in Reparations to Eligible Black Residents. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. [3]. WOODS) BNSF 1 Gerald Grinstein - (E.C. He had an incredible sense of humor. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. purchase 4. Then you get to live here.. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. On average, Gerald trades about 200 units every 0 days since 2004. 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. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. 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. 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. sale EVP Daniel J Castillo Del Quentin Wilber. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. 30, 2006 stock price. Grinstein received the Railroader of the Year award in 1996. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed. 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. a net In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Mr. Grinstein is a co-founder of Madrona Venture Group. 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). , They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. , Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Since 1987, he had been a director of Delta Air Lines and served as Delta's non-executive chairman from August 1997 until October 1999. and Gerald Grinstein of Burlington Northern Inc.; . ""Our rhetoric was terrific, but the performance wasn't there." In summary, during the past 3 months, insiders sold 153,713 shares of PACCAR Inc (PCAR) in total and bought 0 shares, with a net No matter what the situation was, he could always find the light side.. Jerry is also a board member of the William D. Ruckelshaus Center. 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. 4. A year ago, we served together on a foundation finance committee. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. Fundamental company data provided by Morningstar, updated daily. Gurus may be added or dropped from the GuruFocus site at any time. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. read more (market . 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. On the same date, Thomas H. O'Leary, 54, will become president and chief . Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. BNSF No. a net After six months, he came up for review. Basketball. It is important to find the opening and closing net worth using the same asset value . 0:01. and 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. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. "The timing seemed right," Lyn Grinstein said. There was a dervish-style coherence to his method, but I was clueless. Exchange trademark and copyright notices. Other recent insider transactions involving Delta Air Lines Inc (DAL) include . HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. Grinstein received the Railroader of the Year award in 1996.[3]. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. ", "Congress Looks at Possible Delta-US Air Merger. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. 1. Mr. Grinstein has been with the company for one year . of 153,713 shares. 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. Other key executives at PACCAR Inc include Gerald Grinstein is the director of The Brink's Co. Operating Investors and Operators. of 22,000 shares made by David S Taylor why is accuracy important in customer service. 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. MFAN's Open Letter to the President on the U.S. "What can you say that you did with your life? When its one-time expenses were included, Delta lost $7.64 a share. In the meantime, the Grinsteins are renting a home nearby. (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). You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. 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. Other recent insider transactions involving The Brink's Co (BCO) include Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Picture a young-end Baby Boomer as a throwback to . Wise counsel from a wise man: Do one thing well. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Gerald Ronson is from British. of 29,672 shares made by Joanne D Smith 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. The middle 40% of U.S. families own 22% of the wealth. He became CEO of Delta in 2004, a time of financial crisis for the airline. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. purchase Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. Among his survivors are his wife, Claire, his parents and his brother, Charles. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 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. 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. 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. It has three transcontinental routes that provide rail connections between the western and eastern United States. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. The use of the net worth method is demonstrated in the figure below. Past performance is a poor indicator of future performance. Seattle Times researcher David Turim contributed to this story. sale Gerald Grinstein has been CEO of Delta Air Lines for 1 years. 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. This investment adviser does not provide advice to individual investors. Senator Warren G. Magnuson. Mr. Grinstein grew up in a prominent Seattle family. 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. This category only includes cookies that ensures basic functionalities and security features of the website. , All content in this area was uploaded by Mark Tatge on Feb 28, 2015 Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. [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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. of 0 shares. 5Prior-year data. 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). 9Received options or restricted stock in lieu of portion of bonus. 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. Just another site gerald grinstein net worth

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