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UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. , 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. 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. The first step is to calculate the net worth of the individual at the start and end of the period. . Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. He was focused, effective, and (and I mean this) understated. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Compensation rank is based on total compensation for latest fiscal year. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . 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. 6New chief executive; compensation may be for another executive office. , 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. After six months, he came up for review. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. 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. a net Amy Martinez: 206-464-2923 or [email protected], 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. Hmmm. "Come on," Denny reminded him. 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. Bill Gates bought the place from Sikma in 1993 for $8 million. 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. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. ", "Delta Air Lines needs to cut costs, says CEO. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Other key executives at PACCAR Inc include ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. of 17,976 shares. Grinstein and his wife Carolyn live in Medina, Washington. 74th St., Redmond, WA 98052, or another charity. 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. 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. Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. and Senator Warren G. Magnuson. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. No matter what the situation was, he could always find the light side.. He had an incredible sense of humor. C.E. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Re: BNSF "Gerald Grinstein" business car. Wallmine is a radically better financial terminal. Start a company in the Pacific Northwest. a net Wise counsel from a wise man: Do one thing well. Gurus may be added or dropped from the GuruFocus site at any time. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Mr. Grinstein grew up in a prominent Seattle family. of 153,713 shares. James Moon Whitehurst is an American business executive. , 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 . But opting out of some of these cookies may affect your browsing experience. By using this website, you agree to our use of cookies. 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 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. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. ", 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. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. read more (market . John Scott Kirby is an American executive currently serving as CEO of United Airlines. 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. 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. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. 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." Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 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. Efficiency rank is based on our chief executive's performance/pay score. 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. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. He was CEO of Nextel International from 1996 to 1999. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Gerald Grinstein Net Worth (2022) | wallmine 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. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. and Gerald Grinstein of Burlington Northern Inc.; . 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. When the company emerged from Chapter 11 in 2007 . Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. BOX 20574, ATLANTA, GA, 30320. Its trucks are sold through over 2,300 independent dealers globally. The most efficient rank is 1 and least efficient is 189. Keith Grinstein, 1960-2008: Exec had heart for community. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. , 4. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. 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. I began to wax Bohemian. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. 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. 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. Anderson inherited an angry board of directors and impatient . CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 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. By. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Gerald Grinstein made Bar: District of Columbia, Washington. This category only includes cookies that ensures basic functionalities and security features of the website. 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). Net worth is the total of one's assets minus total liabilities. purchase and These cookies do not store any personal information. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Grinstein received the Railroader of the Year award in 1996. He was succeeded by Richard Anderson, a former Northwest Airlines executive. For example, if someone owes more than the total value of their assets, they have a negative net worth. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. What is Gerald Grinstein's Net Worth? See Jerry Grinstein's compensation, career history, education, & memberships. of 4,880 shares. 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 A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. "Just imagine that you'll only live to be 40," Keith said. . On average, Gerald trades about 200 units every 0 days since 2004. In addition to his work in medicine and broadcast journalism, he has . His new salary was set at $17,600. 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. of 111,326 shares. There was a dervish-style coherence to his method, but I was clueless. 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 By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. David Brown 24/7 Wall Street. 1Annualized. Gerald Grinstein Strategic Director. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. It is computed as the product of the total number of outstanding shares and the price of each share. The use of the net worth method is demonstrated in the figure below. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. He reduced his own pay by 25%, to approximately $325,000 per year. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. AMR filed for Chapter11 bankruptcy protection in November 2011. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. MFAN's Open Letter to the President on the U.S. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. ". 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. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Mr. Grinstein is a co-founder of Madrona Venture Group. On the same date, Thomas H. O'Leary, 54, will become president and chief . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. "I don't think we'll be as interesting.". Years later, Keith would rib his former boss, chief-of-staff Denny Miller. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Mr. Grinstein is a graduate of Yale College and Harvard Law School. You must have JavaScript enabled to use this form. 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. sale 0:01. Gerald Grinstein is the director of The Brink's Co. [3]. We'll focus on the median and average net worth figures for different age groups: Age of head of family. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. The Grinsteins have had their eye on the mansion for quite a while. Gerald Grinstein made His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. It is mandatory to procure user consent prior to running these cookies on your website. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. . Vice President Paulo Henrique Bolgar He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. and Compensation rank is based on total compensation for latest fiscal year. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. of 350,919 shares. . Enjoy a 7-Day Free Trial Thru Mar 11, 2023! He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. 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. 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 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.

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