Primary Income source Philanthropist (profession). Keith's first job after graduating from Yale was as a $16,000-a-year natural resources aide to my late father, Sen. Henry M. "Scoop" Jackson. a net of 32,650 shares made by R Preston Feight 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. 3Three-year total. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. "We might remodel, we might start over again. sale 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. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. 30, 2006 stock price. His father, Gerald Grinstein, is a former CEO of . The first step is to calculate the net worth of the individual at the start and end of the period. 2004-2023 GuruFocus.com, LLC. , Other key executives at The Brink's Co include 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) Among his survivors are his wife, Claire, his parents and his brother, Charles. 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. Gerald Grinstein was American air transportation executive. UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). Total returns and value of stock owned (including all classes) is based on Mar. Mr. Grinstein grew up in a prominent Seattle family. purchase a net However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Burlington Northern operated between 1970 and 1996. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. For example, if someone owes more than the total value of their assets, they have a negative net worth. , All Rights Reserved. View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. But opting out of some of these cookies may affect your browsing experience. [8]. She did say the couple plan to make some changes. Gerald Grinstein Strategic Director. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. That could happen sometime this summer or fall, she says. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 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. 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. 1. Grinstein received the Railroader of the Year award in 1996.[3]. "Until we create an independently supported black institution, a financial safety net, for those . 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. , Over the past 18 months, He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. He was CEO of Nextel International from 1996 to 1999. 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) . Wherever he landed in life or career, Keith was bound to a legacy of service. 4Less than 0.01%. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. 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. [8], ""Our rhetoric was terrific, but the performance wasn't there." Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Northwest also performed worse than expected, losing $5.07 a . Jerry Grinstein is Founding Partner at Harkness Capital Partners LLC. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. "Some of our most successful entrepreneurs are really . David Brown Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. "Some of our most successful entrepreneurs are really inventors at heart. Necessary cookies are absolutely essential for the website to function properly. The route network covered destinations in 47 states, as well as international destinations. "I don't think we'll be as interesting.". 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 for Ed Bastian's 20 year pinning. 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 made There was a dervish-style coherence to his method, but I was clueless. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. . Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 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. sale These cookies will be stored in your browser only with your consent. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! He was focused, effective, and (and I mean this) understated. When its one-time expenses were included, Delta lost $7.64 a share. PACCAR Inc (PCAR) Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. He was just everywhere.. I continued pressing. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. and , of 17,976 shares. Lee Moak is a government relations and public affairs consultant and one of the founders of The Moak Group, a public affairs, advocacy, and business consulting firm located in Washington, D.C. Before joining Delta Air Lines and working his way up to a B-767 Delta Air Lines captain, Moak served as a Marine Corps pilot, and as president of the Air Line Pilots Association, International (ALPA), the world's largest non-governmental aviation safety organization. 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. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. of 29,672 shares made by Joanne D Smith It also operates additional companies that provide associated services. Net worth totals vary by education, age, income and other factors. Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. Keith made some jokes at his own expense and finally leaned forward and said something quasi-Scandanavian, a sentiment that spoke to my Ingmar Bergman-esque soul. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. C.E. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Since 2001, the annual presidential salary has been set at $400,000. EVP & Chief Financial Officer Kurt B Mcmaken "He does just one thing. These cookies do not store any personal information. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. EVP Daniel J Castillo 2023 Cascade Public Media. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. purchase 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. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. . This website uses cookies to improve your experience while you navigate through the website. 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. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. 6New chief executive; compensation may be for another executive office. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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 Footnotes: Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. He is the former non-executive chairman of Agilent Technologies and former chairman and CEO of Burlington Northern Inc. (BNI), where he oversaw the companys acquisition of Santa Fe Pacific Corporation, which created the nations largest railroad. and Gerald's mailing address filed with the SEC is DELTA AIR LINES, INC., P.O. 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. 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 Email. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. The company's only surviving airline, Pinnacle, became Endeavor Air. Gerald Grinstein. 8Received options or restricted stock in lieu of portion of salary. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. 1470: BNSF 1: Gerald Grinstein: Budd: 1952: Business 2 suites, Buffet, w/kitchen lounge: ex-CB&Q: 1471: BNSF 4: Missouri River: Pullman: 1955: Business 2 suites . 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 . purchase Harkness Capital Partners Team. Other key executives at PACCAR Inc include Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. Sources: Latest available company proxy statements; FT Interactive Data via FactSet Research Systems; Hemscott, Inc.(www.hemscottdata.com). 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. Stock quotes provided by InterActive Data. 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. 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 "Until we create an independently supported black institution, a financial safety net, for those . From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. no insider transaction in The Brink's Co (BCO). 4. 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. AMR filed for Chapter11 bankruptcy protection in November 2011. . 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. On the same date, Thomas H. O'Leary, 54, will become president and chief . 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. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). 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. Grinstein received the Railroader of the Year award in 1996. Operating Investors and Operators. NA: Not available or not applicable. 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. 10Includes shares indirectly held. Keith was, make no mistake, a frenetic presence. , [3]. Grinstein also set about regaining the trust and confidence of Delta's employees. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. 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 . of 153,713 shares. Its trucks are sold through over 2,300 independent dealers globally. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Gerald Grinstein Net Worth (2022) | wallmine He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. He reduced his own pay by 25%, to approximately $325,000 per year. EVP & Chief Financial Officer Daniel C. Janki 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.