and He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. 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. sale Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. of 1,500 shares made by Timothy Joseph Tynan It was a dance of identical twins with one time-traveling sibling three decades younger than the other. and Gerald Grinstein of Burlington Northern Inc.; . EVP - Chief of Operations John E Laughter 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). Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Operating Investors and Operators. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 30, 2006 stock price. purchase The use of the net worth method is demonstrated in the figure below. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. of 17,976 shares. 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. James Moon Whitehurst is an American business executive. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. (Gerald Grinstein says)(Brief Article). , of 3,017 shares made by Todd R Hubbard Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". why was carrie's sister dropped from king of queens . Exchange trademark and copyright notices. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. Harkness Capital Partners Team. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 2004-2023 GuruFocus.com, LLC. ", "Congress Looks at Possible Delta-US Air Merger. 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. Over the past 18 months, 1. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. The Bottom Line. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Years later, Keith would rib his former boss, chief-of-staff Denny Miller. Over the past 18 months, sale You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Jerry is also a board member of the William D. Ruckelshaus Center. purchase During the past 18 months, 157,206 shares of Delta Air Lines Inc (DAL) were sold and 45,880 shares were bought by its insiders, resulting in a net For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. 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. 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. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. He became CEO of Delta in 2004, a time of financial crisis for the airline. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. Re: BNSF "Gerald Grinstein" business car. Let us take the example of Apple and Amazon. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. After Delta, Mullin has emerged as a leader in both the public and private sectors, serving other companies and continuing to be a philanthropic contributor. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. Life is short. By. Sanjay Gupta's net worth is $12 million. read more (market . Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Even before that, every president has been paid well. "Some of our most successful entrepreneurs are really inventors at heart. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. Northwest also performed worse than expected, losing $5.07 a . When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. 8Received options or restricted stock in lieu of portion of salary. Compensation rank is based on total compensation for latest fiscal year. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. The Brink's Co (BCO) Start a company in the Pacific Northwest. Author: burlingtonjohn. He had an incredible sense of humor. Other key executives at PACCAR Inc include He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 2023 Cascade Public Media. EVP & Chief Financial Officer Kurt B Mcmaken Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Picture a young-end Baby Boomer as a throwback to . 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 Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. sale Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. 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 IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). When its one-time expenses were included, Delta lost $7.64 a share. , 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. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 4. Gerald Grinstein. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Compensation rank is based on total compensation for latest fiscal year. 6New chief executive; compensation may be for another executive office. 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) Refer a Friend and Earn One Month of Free Membership. 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. EVP-Chief Cust Experience Offr Allison C Ausband 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. 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. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. He reduced his own pay by 25%, to approximately $325,000 per year. 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. (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). Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. , Mr. Grinstein grew up in a prominent Seattle family. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. 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. Gerald Grinstein made It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. , The analogy sounded a little too simple. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. , Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. "Until we create an independently supported black institution, a financial safety net, for those . During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . sale 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. Wallmine is a radically better financial terminal. From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. and Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. David Brown 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 . a net . Prior to joining BNI, he held positions including chairman and CEO of Western Airlines, partner in the law firm Preston, Torgrimson, Ellis & Hollman, chief counsel to the United States Senate Commerce Committee, counsel to the Merchant Marine & Transportation Subcommittee, and administrative assistant to U.S. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. 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. of 5,120 shares made by Rohan Pal 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. You have to seize something now, something you love, and run with it.". 3Three-year total. . All Rights Reserved. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Mr. Grinstein is a co-founder of Madrona Venture Group. BNSF Railway is one of the largest freight railroads in North America. Mr. Grinstein is a co-founder of Madrona Venture Group. California Weighs $360,000 in Reparations to Eligible Black Residents. Jerry 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. What should I do with my life? Gerald Grinstein was born on 06/26/1932 and is 90 years old. He was just everywhere.. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. "That was a 10 percent raise!". Wise counsel from a wise man: Do one thing well. She did say the couple plan to make some changes. sale He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. and "We aren't sure what we will do with it," she said. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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. Footnotes: A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. ", 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. MFAN's Open Letter to the President on the U.S. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. ", "Delta Air Lines needs to cut costs, says CEO. Burlington Northern operated between 1970 and 1996.
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