In the meantime, the Grinsteins are renting a home nearby. California Weighs $360,000 in Reparations to Eligible Black Residents. Gerald Grinstein - NNDB His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. [3]. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. He was just everywhere.. 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. Gerald Grinstein. Profile | Gerald Grinstein, helped pull Delta out of nose dive 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. Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography 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. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. This category only includes cookies that ensures basic functionalities and security features of the website. [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. For example, if someone owes more than the total value of their assets, they have a negative net worth. Grinstein and his wife Carolyn live in Medina, Washington. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Gerald Grinstein - Harkness Capital Partners The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Operating Investors and Operators. , Presidential wealth: The net worth of every American president - USA TODAY He became CEO of Delta in 2004, a time of financial crisis for the airline. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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 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). "What can you say that you did with your life? Gurus may be added or dropped from the GuruFocus site at any time. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. He was CEO of Nextel International from 1996 to 1999. Gerald Grinstein Net Worth (2023) | wallmine Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Delta Air Lines Inc (DAL) ", 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. of 1,500 shares made by Timothy Joseph Tynan George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media Friends and business associates said Monday they were struggling to cope with the news of his sudden death. All Rights Reserved. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). sale It is computed as the product of the total number of outstanding shares and the price of each share. . BOX 20574, ATLANTA, GA, 30320. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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) Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including 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. ", "Congress Looks at Possible Delta-US Air Merger. Other key executives at Delta Air Lines Inc include And he thrives.". Gerald B Grinstein, 90 - Seattle, WA - Reputation & Contact Details read more (market . Gerald Ronson earned the money being a professional Philanthropist. Under Review. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 1. NM: Not meaningful. 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. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. a net 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 negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. A year ago, we served together on a foundation finance committee. . On the same date, Thomas H. O'Leary, 54, will become president and chief . blockbuster store still open near haarlem. 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. He became CEO of Delta in 2004, a time of financial crisis for the airline. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . of 5,120 shares made by Rohan Pal Analysts predicted a loss of $4.76 a share excluding special items. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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 "We might remodel, we might start over again. Senator Warren G. Magnuson. There was a dervish-style coherence to his method, but I was clueless. Delta Air Lines - Wikipedia, la enciclopedia libre 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. Remembering Keith Grinstein | Crosscut 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. In Fort Worth, The Civilized West, . (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate Delta Air Lines Emerges From Bankruptcy | Fox News Mr. Grinstein grew up in a prominent Seattle family. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. The first step is to calculate the net worth of the individual at the start and end of the period. 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 . 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. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. Over the last 20 years, insiders at Delta Air Lines have traded over $1,301,099,874 worth of Delta Air Lines stock and bought 6,749,673 units worth $322,412,006 Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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 . You have to seize something now, something you love, and run with it.". 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. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. and Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. But will the Seattle Landmarks Board sign off? Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . This website uses cookies to improve your experience while you navigate through the website. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. of 57,951 shares made by Harrie Schippers Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Mr. Grinstein grew up in a prominent Seattle family. Northwest also performed worse than expected, losing $5.07 a . Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. He was 48. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". AMR filed for Chapter11 bankruptcy protection in November 2011. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. 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. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Gerald Grinstein - Address & Phone Number | Whitepages [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. The Grinsteins have had their eye on the mansion for quite a while. The car was built in 1952 for then CB&Q President Harry Murphy. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. His father, Gerald Grinstein, is a former CEO of . He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. , PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Just another site gerald grinstein net worth It has three transcontinental routes that provide rail connections between the western and eastern United States. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. 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. Net Worth Defined: What Is My Net Worth? - NerdWallet Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com [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. NA: Not available or not applicable. 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. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Calculating net worth is one way to gauge financial health. why was carrie's sister dropped from king of queens . After six months, he came up for review. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. purchase On average, Gerald trades about 200 units every 0 days since 2004. He reduced his own pay by 25%, to approximately $325,000 per year. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. 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. Gerald Grinstein profile | Delta News Hub 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. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. Delta Air Lines is a major American airline. Wallmine is a radically better financial terminal. The most efficient rank is 1 and least efficient is 189. Grinstein received the Railroader of the Year award in 1996.[3]. The 72 year old executive ranks 12 within Transportation Chief executive . sale Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. 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) . US Airways Group Inc. was an airline holding company based in Tempe, Arizona. Edward H. Bastian is an American business executive. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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. When calculating net worth, it may be a positive or negative number. "Until we create an independently supported black institution, a financial safety net, for those . According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." Among his survivors are his wife, Claire, his parents and his brother, Charles. "Come on," Denny reminded him. "The timing seemed right," Lyn Grinstein said. Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. 2004-2023 GuruFocus.com, LLC. , 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 [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. We know that Gerald's political affiliation is . 9Received options or restricted stock in lieu of portion of bonus. Del Quentin Wilber. There isnt anyone in business in Seattle who doesnt know Keith. 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 CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. (Gerald Grinstein says)(Brief Article). They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 6New chief executive; compensation may be for another executive office. Gerald Grinstein Strategic Director. . She did say the couple plan to make some changes. In addition to his work in medicine and broadcast journalism, he has . A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. The company's only surviving airline, Pinnacle, became Endeavor Air. 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 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. Average Net Worth by Age: How Do You Compare? - NerdWallet Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business Average Net Worth by Age - SmartAsset 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." EVP-Chief Cust Experience Offr Allison C Ausband Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on 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. Net worth is the total of one's assets minus total liabilities. (Gerald Grinstein says)(Brief Article). The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. a net In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). 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