and 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 "We aren't sure what we will do with it," she said. 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. . Average Net Worth by Age: How Do You Compare? - NerdWallet 1. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. of 5,120 shares made by Rohan Pal Edward H. Bastian Net Worth (2023) | wallmine ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. The middle 40% of U.S. families own 22% of the wealth. 0:01. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $32,120 and over the last 19 years Gerald sold DAL stock worth over $0. Even before that, every president has been paid well. Northwest also performed worse than expected, losing $5.07 a . Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. PACCAR Inc (PCAR) During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. JA Hall of Fame: Gerald Grinstein - Puget Sound Business Journal 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's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. The most efficient rank is 1 and least efficient is 189. The company's only surviving airline, Pinnacle, became Endeavor Air. It's a community that's done enormous good, recasting funding priorities and embracing transparency. 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. . They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. See Jerry Grinstein's compensation, career history, education, & memberships. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Gerald Grinstein: Turbulenzen statt Ruhestand - Politik - FAZ 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. Team | Harkness Capital Partners | Capital and Resources to Support Growth He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. He reduced his own pay by 25%, to approximately $325,000 per year. Edward H. Bastian is an American business executive. In addition, he makes $615,987 as CEO & Director at Delta Air Lines. "Michael Jordan," Keith said. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. Gerald Grinstein - WikiMili, The Best Wikipedia Reader The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Just another site gerald grinstein net worth [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. of 3,017 shares made by Todd R Hubbard Let us take the example of Apple and Amazon. His new salary was set at $17,600. George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media and Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. 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. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. Compensation rank is based on total compensation for latest fiscal year. That could happen sometime this summer or fall, she says. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. Gerald Grinstein was American air transportation executive. He was 48. DELTA LOSS INCREASES PRESSURE ON PILOTS - Orlando Sentinel But opting out of some of these cookies may affect your browsing experience. , Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. WOODS) BNSF 1 Gerald Grinstein - (E.C. "What can you say that you did with your life? 3Three-year total. 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) . She did say the couple plan to make some changes. Gerald Grinstein Net Worth You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. 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. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. MFAN's Open Letter to the President on the U.S. The current estimated net worth of Delta Air Lines Inc's Chief Executive Officer, Gerald Grinstein, is estimated to be about $883.35K .Gerald Grinstein owns . Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. By. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr He became CEO of Delta in 2004, a time of financial crisis for the airline. gerald grinstein net worth We'll focus on the median and average net worth figures for different age groups: Age of head of family. (Gerald Grinstein says)(Brief Article). 74th St., Redmond, WA 98052, or another charity. [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. Gerald Grinstein Net Worth (2022) - GuruFocus.com "Until we create an independently supported black institution, a financial safety net, for those . This website uses cookies to improve your experience while you navigate through the website. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection of 24,590 shares made by William C Carroll "Just imagine that you'll only live to be 40," Keith said. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Author: burlingtonjohn. 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. Other key executives at The Brink's Co include a net Refer a Friend and Earn One Month of Free Membership. Compensation rank is based on total compensation for latest fiscal year. of 153,713 shares. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Exchange trademark and copyright notices. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Analysts predicted a loss of $4.76 a share excluding special items. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Net worth is the total of one's assets minus total liabilities. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. sale Profile | Gerald Grinstein, helped pull Delta out of nose dive Some of our most successful entrepreneurs are really inventors at heart. Gerald Grinstein profile | Delta News Hub The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. 10Includes shares indirectly held. Terms of Use and Privacy Policy. 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. 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 A year ago, we served together on a foundation finance committee. Past performance is a poor indicator of future performance. Gerald Grinstein is the director of The Brink's Co. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. WOODS) BNSF 1 Gerald Grinstein - (J. He became CEO of Delta in 2004, a time of financial crisis for the airline. We use cookies to provide you with a great experience and to help our website run effectively. Peter Jackson is the former editorial-page editor of the Everett Herald. He was focused, effective, and (and I mean this) understated. 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. gerald grinstein net worth. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. The analogy sounded a little too simple. 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. Average Net Worth by Age - SmartAsset NM: Not meaningful. In Fort Worth, The Civilized West, . He was 48. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. 63 Gerald Grinstein Premium High Res Photos - Getty Images Follow him on Twitter @phardinjackson. 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 . (Gerald Grinstein says)(Brief Article). He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 2004-2023 GuruFocus.com, LLC. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. EVP Daniel J Castillo [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. . 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.