No matter what the situation was, he could always find the light side.. 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. Gerald Grinstein. Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. GuruFocus.com is not operated by a broker or a dealer. Previously, he served as the Chairman and Chief Executive Officer at Western Air Lines Inc. and as the Chairman and CEO of Burlington Northern Inc. . Gerald Grinstein is the director of The Brink's Co. 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. and And when we say own, we include assets that you may still be paying for, such as a car or a house . Im kind of in shock still, said Rick Yoder, owner of the Wild Ginger restaurant in downtown Seattle, where Mr. Grinstein was both an investor and regular patron. 30, 2006 stock price. Burlington Northern operated between 1970 and 1996. 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 . They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. But will the Seattle Landmarks Board sign off? The car was built by Budd in 1952 as a business car for the Chicago, Burlington & Quincy RR. Median net worth . Keith Grinstein, 1960-2008: Exec had heart for community. Past performance is a poor indicator of future performance. 1. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. . 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. 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. 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 . 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. Keith was, make no mistake, a frenetic presence. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. ", "Congress Looks at Possible Delta-US Air Merger. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. The analogy sounded a little too simple. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. 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. The Bottom Line. The car was built in 1952 for then CB&Q President Harry Murphy. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 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. All Rights Reserved. , US Airways Group Inc. was an airline holding company based in Tempe, Arizona. I think of Madrona not only as a source of capital but of business strength that takes an innovation and moves it into the marketplace.. 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. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. ", 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 ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Terms of Use and Privacy Policy. Among his survivors are his wife, Claire, his parents and his brother, Charles. His father, Gerald Grinstein, is a former CEO of Burlington Northern and Delta Air Lines. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. of 1,500 shares made by Timothy Joseph Tynan Bill Gates bought the place from Sikma in 1993 for $8 million. 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. It is computed as the product of the total number of outstanding shares and the price of each share. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. The 72 year old executive ranks 12 within Transportation Chief executive . 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 and Efficiency rank is based on our chief executive's performance/pay score. 1. of 24,590 shares made by William C Carroll 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." of 22,000 shares made by David S Taylor Over the past 18 months, He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. . US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. Gerald Ronson is from British. sale El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. 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. Other recent insider transactions involving Delta Air Lines Inc (DAL) include Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Things didn't work out as Grinstein had hoped. Gerald Ronson earned the money being a professional Philanthropist. 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. 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. [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. Harkness Capital Partners Team. . Sanjay Gupta's net worth is $12 million. James Moon Whitehurst is an American business executive. MFAN's Open Letter to the President on the U.S. Musk Made a Mess at Twitter. Bressler retired in 1990, and Grinstein assumed the additional post of chairman. The most efficient rank is 1 and least efficient is 189. "The timing seemed right," Lyn Grinstein said. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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. According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. How federal weed legalization would impact Washington state, ArtSEA: Bronze books in Bellevue and a rush of Seattle readings, The egg shortage won't end anytime soon. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). He was just everywhere.. of 8,500 shares made by Simon Davis 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.
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