gerald grinstein net worth

Footnotes: a net In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. 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. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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 You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. 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. GuruFocus.com is not operated by a broker or a dealer. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. We'll focus on the median and average net worth figures for different age groups: Age of head of family. , According to BRHS Burlington Bulletin #17, when informed that Budd was building a similar car for AT&SF President Fred Gurley (a former Q official), Murphy left the design details of the new car up to the Mechanical . You have to seize something now, something you love, and run with it.". no insider transaction in The Brink's Co (BCO). It was also, again, a $16,000 position. [3]. He was 48. Mr. Grinstein is a graduate of Yale College and Harvard Law School. 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 U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Over the past 18 months, 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). 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. Average Net Worth by Age - SmartAsset NM: Not meaningful. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 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 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? 1:06. 3Three-year total. a net You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. 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. Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. The middle 40% of U.S. families own 22% of the wealth. sale C.E. 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 , Calculating net worth is one way to gauge financial health. You also have the option to opt-out of these cookies. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. of 32,650 shares made by R Preston Feight of 22,000 shares made by David S Taylor Enjoy a 7-Day Free Trial Thru Mar 11, 2023! Under Review. He was a Board Member of the Seattle Symphony and The Seattle Foundation. EVP - Chief of Operations John E Laughter Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). For example, if someone owes more than the total value of their assets, they have a negative net worth. I continued pressing. Seattle Times researcher David Turim contributed to this story. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. Keith moved on to Georgetown Law School and an inspired career in telecommunications and venture capital, the kind of work where a 10 percent raise carries a bit more oomph. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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). gerald grinstein net worth - anmolsahota.com Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. He is very patriotic when it comes to his business and personal life. "We aren't sure what we will do with it," she said. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Other key executives at Delta Air Lines Inc include [8], ""Our rhetoric was terrific, but the performance wasn't there." The route network covered destinations in 47 states, as well as international destinations. LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel Gerald Grinstein made 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. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Team | Harkness Capital Partners | Capital and Resources to Support Growth Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. ". 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. EVP & Chief Financial Officer Kurt B Mcmaken John Scott Kirby is an American executive currently serving as CEO of United Airlines. 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. 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 . 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. Email. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. gerald grinstein net worth. BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Bar: District of Columbia, Washington. 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. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." "Just imagine that you'll only live to be 40," Keith said. 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. Gerald Grinstein Strategic Director. 6New chief executive; compensation may be for another executive office. Other key executives at PACCAR Inc include In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. 7Less than $100,000. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. sale 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 - Harkness Capital Partners The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. 4. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. But will the Seattle Landmarks Board sign off? of 1,500 shares made by Timothy Joseph Tynan During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Refer a Friend and Earn One Month of Free Membership. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. a net He was beloved by many, many people.. 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. Just another site gerald grinstein net worth 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). [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. Things didn't work out as Grinstein had hoped. 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. All Rights Reserved. Total returns and value of stock owned (including all classes) is based on Mar. The Latin America and Europe segments trail North America in revenue earnings with the Brinks Global Services line of business that specializes in the secure transportation of high-valued commodities, such as jewelry, precious metals, banknotes, and electronics. and Mr. Grinstein has been with the company for one year . 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. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. 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. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. of 17,976 shares. 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 . At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Businessman Keith Grinstein known for his humor The use of the net worth method is demonstrated in the figure below. George Seeley Net worth, Height, Bio,Career, Relation, Fact, Social Media [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. He became CEO of Delta in 2004, a time of financial crisis for the airline. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. 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. 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. , 63 Gerald Grinstein Premium High Res Photos - Getty Images sale Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com of 0 shares. Let us take the example of Apple and Amazon. sale George Washington's salary of $25,000 was . Mr. Grinstein is a co-founder of Madrona Venture Group. ", "Delta Air Lines needs to cut costs, says CEO. BOX 20574, ATLANTA, GA, 30320. Gerald Grinstein Net Worth (2022) - GuruFocus.com Gerald Grinstein - WikiMili, The Best Wikipedia Reader Bill Gates bought the place from Sikma in 1993 for $8 million. no insider transaction in PACCAR Inc (PCAR). Wells. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. By using this website, you agree to our use of cookies. In the 1990s, Keith became a member of Seattle's dot-com aristocracy, those youngins who shoveled their Gold Rush loot and remade local philanthropy. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Wallmine is a radically better financial terminal. "He does just one thing. Compensation rank is based on total compensation for latest fiscal year. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . (Gerald Grinstein says)(Brief Article). 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. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. . 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.

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