2023 Cascade Public Media. Born: c. 1932 Birthplace: Seattle, WA Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Delta Air Lines, 2004-07 Wife: Lyn (four children) University: Yale University (1954) Law School: Harvard Law School (1957) Administrator: Regent, University of Washington (1998-2004) Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. Grinstein also set about regaining the trust and confidence of Delta's employees. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. of 350,919 shares. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Compensation percent change is based on combined salary and bonus. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E. , 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. 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. sale He was just everywhere.. When calculating net worth, it may be a positive or negative number. California Weighs $360,000 in Reparations to Eligible Black Residents. "What can you say that you did with your life? The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. "The timing seemed right," Lyn Grinstein said. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. NM: Not meaningful. AMR filed for Chapter11 bankruptcy protection in November 2011. 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. PACCAR Inc (PCAR) He was 48. (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). Anderson inherited an angry board of directors and impatient . Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Mr. Grinstein is a co-founder of Madrona Venture Group. PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. 24/7 Wall Street. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). Enjoy a 7-Day Free Trial Thru Mar 11, 2023! EVP & Chief Financial Officer Daniel C. Janki Relative to market is the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the S&P 500 (a score of 100 = the S&P 500). 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 . His father, Gerald Grinstein, is a former CEO of . 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. "Come on," Denny reminded him. 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. 1. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. To witness Keith together with his dad, Gerry, a former hand of Sen. Warren Magnuson and the recent former Delta Air Lines CEO, was to experience the science fiction of H.G. Del Quentin Wilber. When the company emerged from Chapter 11 in 2007 . He was beloved by many, many people.. 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. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. 0:01. Other recent insider transactions involving The Brink's Co (BCO) include Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. After six months, he came up for review. and Musk Made a Mess at Twitter. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 4. NA: Not available or not applicable. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. sale [8]. 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. 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. He is the former non-executive chairman of Agilent Technologies and former chairman and CEO of Burlington Northern Inc. (BNI), where he oversaw the companys acquisition of Santa Fe Pacific Corporation, which created the nations largest railroad. and He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. He became CEO of Delta in 2004, a time of financial crisis for the airline. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. 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. Gerald Grinstein. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. . Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. "Michael Jordan," Keith said. 2023 Harkness Capital Partners | Admin Login, CEO: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Chairman: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Board Member: Aligent Technologies; Light Sciences Corporation; Browning-Ferris Industries; VANS, Inc.; Imperial Sugar Co,; PACCAR Inc.; Sunstrand Corporation; Foundation Bank; ThinkFire Services USA; Portland General Electric Co.; The Brinks Company; Pittston Minerals Group; Vascular Reconditioning Inc; Bax Global; Expedia.com, Private Equity Boards: Kane is Able; Jacobson Companies; Co-Founder, Madrona Investment Group: Advisor, Oak Hill Capital Partners. Over the past 18 months, 7Less than $100,000. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. 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. 10Includes shares indirectly held. of 57,951 shares made by Harrie Schippers ", "Delta Air Lines needs to cut costs, says CEO. The use of the net worth method is demonstrated in the figure below. The car was built in 1952 for then CB&Q President Harry Murphy. Added: Jun 27, 2019. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Under Review. 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. Follow him on Twitter @phardinjackson. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. 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. Longtime friend Nick Hanauer, with whom he started the Seattle venture-capital fund Second Avenue Partners, called Mr. Grinstein a walking Rolodex., He loved to talk and tell jokes and he may have been the funniest guy in Seattle, Hanauer said. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. . 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 . & CHIEF TECH. Just another site gerald grinstein net worth sale (Gerald Grinstein says)(Brief Article). Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Other key executives at PACCAR Inc include BOX 20574, ATLANTA, GA, 30320. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. [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. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. sale The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 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 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. MFAN's Open Letter to the President on the U.S. 1Annualized. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Calculating net worth is one way to gauge financial health. George Washington's salary of $25,000 was . Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 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 Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". [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. Net worth totals vary by education, age, income and other factors. WOODS) BNSF 1 Gerald Grinstein - (E.C. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Vice President Paulo Henrique Bolgar Mr. Grinstein grew up in a prominent Seattle family. Seattle Times researcher David Turim contributed to this story. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now.

Chanel West Coast Ex Husband, Octech Self Service Login, Lawrence Taylor Bench Press, Bbl One Side Bigger Than The Other, United Pilot Seniority, Articles G