", "Delta Air Lines needs to cut costs, says CEO. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. Delta expects to cut net debt by more than half to $7.6 billion at the end of 2007 from . Mr. Grinstein is a graduate of Yale College and Harvard Law School. How to Calculate Net Worth of a Company | Formula | Top Examples Northwest also performed worse than expected, losing $5.07 a . , The use of the net worth method is demonstrated in the figure below. no insider transaction in The Brink's Co (BCO). 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 . Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. You also have the option to opt-out of these cookies. 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. This category only includes cookies that ensures basic functionalities and security features of the website. He is very patriotic when it comes to his business and personal life. 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. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. The car was built in 1952 for then CB&Q President Harry Murphy. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. 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. & CHIEF TECH. Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). It was meaningful do-gooderism as an end in itself. , Author: burlingtonjohn. (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). PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. He was focused, effective, and (and I mean this) understated. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. Gerald Grinstein Net Worth (2022) | wallmine a net After six months, he came up for review. of 1,500 shares made by Timothy Joseph Tynan 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 Art collectors divided over tax issue - seattlepi.com 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 The analogy sounded a little too simple. Keith was, make no mistake, a frenetic presence. He was a Board Member of the Seattle Symphony and The Seattle Foundation. sale He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Gerald Grinstein - The William D. Ruckelshaus Center Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Delta-Northwest: A merger that won't work - Feb. 21, 2008 - CNN Business Let us take the example of Apple and Amazon. He was succeeded by Richard Anderson, a former Northwest Airlines executive. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. You must have JavaScript enabled to use this form. The Bottom Line. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. It was also, again, a $16,000 position. And when we say own, we include assets that you may still be paying for, such as a car or a house . 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. Refer a Friend and Earn One Month of Free Membership. 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. Gerald Grinstein was American air transportation executive. Keith Grinstein, 1960-2008: Exec had heart for community. Average Net Worth by Age: How Do You Compare? - NerdWallet 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. of 0 shares. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. He was the President at IBM and chair of the board at Red Hat, and previously Chief Executive Officer at Red Hat and Chief Operating Officer at Delta Air Lines. Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. Median net worth . What Is Net Worth? - The Balance Its chief executive, Gerald Grinstein, plans to leave the leadership post after a successor is found. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Musk Made a Mess at Twitter. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Gerald Grinstein | Madrona The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Presidential wealth: The net worth of every American president - USA TODAY Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines.He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Gerald Grinstein Net Worth (2023) | wallmine By using this website, you agree to our use of cookies. On the same date, Thomas H. O'Leary, 54, will become president and chief . 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. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. of 8,500 shares made by Simon Davis Added: Jun 27, 2019. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. Delta Air Lines - Wikipedia, la enciclopedia libre Vice President Paulo Henrique Bolgar Though environmentalists would like to cite him as an example of big business concern for the environment, he says . Then you get to live here.. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. He reduced his own pay by 25%, to approximately $325,000 per year. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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 received the Railroader of the Year award in 1996. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Hmmm. He is the ninth and current chief executive officer of Delta Air Lines, serving in this role since May 2, 2016. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. This website uses cookies to improve your experience while you navigate through the website. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. of 153,713 shares. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. Compensation rank is based on total compensation for latest fiscal year. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on By. Gerald (Jerry) Grinstein 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. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Gerald Grinstein (born 1932), American air transportation executive a net By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Exchange trademark and copyright notices. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 9Received options or restricted stock in lieu of portion of bonus. 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. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. PACCAR Inc (PCAR) Click here to see the complete history of Gerald Grinsteins form 4 insider trades. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. What should I do with my life? a net 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. Gerald Grinstein Strategic Director. Wallmine is a radically better financial terminal. All Rights Reserved. Jerry is also a board member of the William D. Ruckelshaus Center. V.P. and (Gerald Grinstein says)(Brief Article). 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. Gerald Grinstein: Turbulenzen statt Ruhestand - Politik - FAZ . Sanjay Gupta's net worth is $12 million. He became CEO of Delta in 2004, a time of financial crisis for the airline. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton Grinstein and his wife Carolyn live in Medina, Washington. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. 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. Gerald Grinstein - Co-Founder and Strategic Director @ Madrona He was CEO of Nextel International from 1996 to 1999. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. "That was a 10 percent raise!". And he thrives.". To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Gerald Grinstein - Harkness Capital Partners Burlington Northern operated between 1970 and 1996. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Gerald Grinstein - Address & Phone Number | Whitepages 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. 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. 30, 2006 stock price. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Mr. Grinstein grew up in a prominent Seattle family. Gerald Ronson earned the money being a professional Philanthropist. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Follow him on Twitter @phardinjackson. Basketball. . BNSF Railway is one of the largest freight railroads in North America. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. 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) Other key executives at Delta Air Lines Inc include One of eight North American Class I railroads, BNSF has 35,000 employees, 32,500 miles (52,300km) of track in 28 states, and nearly 8,000 locomotives. 4Less than 0.01%. Grinstein also set about regaining the trust and confidence of Delta's employees. 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 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. We use cookies to provide you with a great experience and to help our website run effectively. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. 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.