James Moon Whitehurst is an American business executive. Footnotes: "I don't think we'll be as interesting.". Grinstein was the CEO of Delta Air Lines from 2004 to 2007. blockbuster store still open near haarlem. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. and sale [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. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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. 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). We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. a net Compensation rank is based on total compensation for latest fiscal year. 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 . Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Necessary cookies are absolutely essential for the website to function properly. Grinstein also set about regaining the trust and confidence of Delta's employees. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Here's why, Human Elements: Reviving Indigenous methods of habitat restoration, Kirkland vigil marks one year of war in Ukraine, Pacific Science Center plans to transform its iconic pools, Oh deer: Thriving herds are overcrowding the San Juan Islands, Refuge After War: Vietnamese and Afghan refugees take similar paths, Sign up for the Crosscut Weekly newsletter, This WA bill could make it easier and safer to change your name, WA's government transparency committee is ready to call it quits, WA lawmakers work to keep public records from the public again, At Seattle Opera, A Thousand Splendid Suns burns brightly, ArtSEA: Comedy, dance and bankruptcy, now showing on Seattle stages, Seattle's Third Avenue Project takes a new approach to old problems, Some farmers question WA state's plan to pay workers overtime, Seattle has a Green Lake-sized hole in its tree canopy, study shows, Planting the seeds for Washington's forest restoration efforts, As crypto mines aim for climate action, critics call greenwashing. Gupta has several connections to Atlanta, where he is the Chief Medical Correspondent for CNN, associate chief of neurosurgery at Grady Memorial Hospital, and assistant professor of neurosurgery at Emory University School of Medicine. no insider transaction in Delta Air Lines Inc (DAL). Click here to see the complete history of Gerald Grinsteins form 4 insider trades. After overseeing the firm's survival through bankruptcy and implementing a . HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. Wherever he landed in life or career, Keith was bound to a legacy of service. EVP & Chief Financial Officer Daniel C. Janki Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 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. Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. The analogy sounded a little too simple. sale 74th St., Redmond, WA 98052, or another charity. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). 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 Grinstein. , Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Refer a Friend and Earn One Month of Free Membership. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. . 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. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. Other recent insider transactions involving Delta Air Lines Inc (DAL) include [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. Other key executives at The Brink's Co include 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. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. 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. [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. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. David Brown 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. . , In Fort Worth, The Civilized West, . There isnt anyone in business in Seattle who doesnt know Keith. 8Received options or restricted stock in lieu of portion of salary. (Gerald Grinstein says)(Brief Article). It was Keith's public-service baptism, the ballast for later life. Grinstein also set about regaining the trust and confidence of Delta's employees. California Weighs $360,000 in Reparations to Eligible Black Residents. AMR filed for Chapter11 bankruptcy protection in November 2011. For example, if someone owes more than the total value of their assets, they have a negative net worth. 24/7 Wall Street. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. "What can you say that you did with your life? 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). He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 2023 Harkness Capital Partners | Admin Login, CEO: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Chairman: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Board Member: Aligent Technologies; Light Sciences Corporation; Browning-Ferris Industries; VANS, Inc.; Imperial Sugar Co,; PACCAR Inc.; Sunstrand Corporation; Foundation Bank; ThinkFire Services USA; Portland General Electric Co.; The Brinks Company; Pittston Minerals Group; Vascular Reconditioning Inc; Bax Global; Expedia.com, Private Equity Boards: Kane is Able; Jacobson Companies; Co-Founder, Madrona Investment Group: Advisor, Oak Hill Capital Partners. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." Will His AI Plans Be Any Different? In addition, he makes $615,987 as CEO & Director at Delta Air Lines. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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." "Michael Jordan," Keith said. This category only includes cookies that ensures basic functionalities and security features of the website. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Mr Bastian owns over 47,500 units of Delta Air Lines stock worth over $15,301,796 and over the last 18 years he sold DAL stock worth over $40,887,727. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. He was a Board Member of the Seattle Symphony and The Seattle Foundation. 4. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. It was an improvement over the first quarter of 2003, when Delta reported $466 million in losses as the Iraq war kicked off and the SARS outbreak in Asia caused international travel to plummet . Mr. Grinstein grew up in a prominent Seattle family. Wise counsel from a wise man: Do one thing well. 1Annualized. Calculating net worth is one way to gauge financial health. Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. 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. ", "Delta Air Lines needs to cut costs, says CEO. We also use third-party cookies that help us analyze and understand how you use this website. He was CEO of Nextel International from 1996 to 1999. 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. 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 . 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. ". 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. Methodology: He was succeeded by Richard Anderson, a former Northwest Airlines executive. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. His father, Gerald Grinstein, is a former CEO of . sale Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. 4. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. "Some of our most successful entrepreneurs are really . PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. Mr. Grinstein is a co-founder of Madrona Venture Group. Gerald Grinstein for Ed Bastian's 20 year pinning. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Delta Air Lines Inc (DAL) BNSF No. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. 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. 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. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. And when we say own, we include assets that you may still be paying for, such as a car or a house . sale Will Others Follow? Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Founding Partner, Harkness Capital Partners LLC. Fundamental company data provided by Morningstar, updated daily. 3Three-year total. Gerald Grinstein made 5Prior-year data. The route network covered destinations in 47 states, as well as international destinations. Gerald Grinstein. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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. gerald grinstein net worth. On October 1, 2010, UCH, formerly UAL Corporation, announced completion of the merger. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. V.P. 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. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. ", 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. Gerald Grinstein Total Compensation $0.45 mil (#490) 5-Year Compensation Total NA Gerald Grinstein has been CEO of Delta Air Lines for 2 years. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. 4Less than 0.01%. Follow him on Twitter @phardinjackson. , ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. sale Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. a net By. 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? He became CEO of Delta in 2004, a time of financial crisis for the airline. After overseeing the firm's survival through bankruptcy and implementing a . The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. of 57,951 shares made by Harrie Schippers 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. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. "Until we create an independently supported black institution, a financial safety net, for those . Vice President Paulo Henrique Bolgar A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Keith Grinstein wheeled and dealt as a high-powered lawyer and executive who earned his spot at the top of Seattle's high-tech and . 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. 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) . One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. 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 and his wife Carolyn live in Medina, Washington. Even before that, every president has been paid well. 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. [8], ""Our rhetoric was terrific, but the performance wasn't there." On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. 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. 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. I continued pressing. Gerald Ronson earned the money being a professional Philanthropist. BOX 20574, ATLANTA, GA, 30320. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. It is computed as the product of the total number of outstanding shares and the price of each share. The company's only surviving airline, Pinnacle, became Endeavor Air. , EVP - Chief of Operations John E Laughter 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. Mr. Grinstein is a co-founder of Madrona Venture Group. . Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service. ", "Delta Air Lines needs to cut costs, says CEO. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. You have to seize something now, something you love, and run with it.". There was a dervish-style coherence to his method, but I was clueless. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $39,030 and over the last 19 years Gerald sold DAL stock worth over $0. , "Just imagine that you'll only live to be 40," Keith said. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . a net Net worth is the total of one's assets minus total liabilities. Start a company in the Pacific Northwest. read more (market . For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. 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. Median net worth . Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Among his survivors are his wife, Claire, his parents and his brother, Charles. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. Grinstein received the Railroader of the Year award in 1996.[3]. 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. , Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. In 1997 Harris and Steve Wolf signed a strategic agreement between Air Canada and United Airlines, producing what is now the Star Alliance, which grew to become the world's largest global airline alliance. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. sale no insider transaction in The Brink's Co (BCO). Life is short. He was 48. (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). of 8,500 shares made by Simon Davis 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 Seattle native, Jerry is a graduate of Yale University and Harvard Law School. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. 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 Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Musk Made a Mess at Twitter. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). But will the Seattle Landmarks Board sign off? of 4,880 shares. sale ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. 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. EVP-Chief Cust Experience Offr Allison C Ausband By using this website, you agree to our use of cookies. "Come on," Denny reminded him. He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. Keith was, make no mistake, a frenetic presence. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. 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. By 2007, Delta's mainline operation employed approximately 47,000, down from a high of 78,000 in 2001. Donations may be made in Mr. Grinsteins memory to the Humane Society of Seattle-King County, 16495 N.E.
Kenneth Arabia Philadelphia Obituary,
Britten Hartnett Tyler Obituary,
Parking At The Thompson Hotel,
Articles G
