Keith Grinstein, 1960-2008: Exec had heart for community. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. Northwest also performed worse than expected, losing $5.07 a . of 111,326 shares. The analogy sounded a little too simple. Team | Harkness Capital Partners | Capital and Resources to Support Growth The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. You have to seize something now, something you love, and run with it.". 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. [8], ""Our rhetoric was terrific, but the performance wasn't there." It is mandatory to procure user consent prior to running these cookies on your website. Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. 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." It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. Mr. Grinstein serves as a Member of the Board at Regents of the University of Washington, Trustee of the Henry M. Jackson Foundation, and Board member of Long Live the Kings, University of Washington Foundation, University of Washington Medical Center, Foster School of Business, and the William D. Ruckelshuas Center. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. "Just imagine that you'll only live to be 40," Keith said. a net He became CEO of Delta in 2004, a time of financial crisis for the airline. 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. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Average Net Worth by Age - SmartAsset At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. US Airways was a major U.S. airline that operated from 1937 until its merger with American Airlines in 2015. 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. These cookies do not store any personal information. Net Worth - Overview, How To Calculate, NW Method He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 4. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. There was a dervish-style coherence to his method, but I was clueless. 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. and 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 . Lyn Grinstein politely declined to say how much the house will cost. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion 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) . 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. "Some of our most successful entrepreneurs are really . I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. PACCAR Inc (PCAR) and Gerald Grinstein of Burlington Northern Inc.; . He became CEO of Delta in 2004, a time of financial crisis for the airline. Senator Warren G. Magnuson. CASO 1 DE INTELIGENCIA EMOCIONAL - Blogger Gerald Grinstein, CEO Compensation - Forbes.com Above is the net worth, insider trading, and ownership report for Gerald Grinstein. BOX 20574, ATLANTA, GA, 30320. The company's only surviving airline, Pinnacle, became Endeavor Air. He was focused, effective, and (and I mean this) understated. 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. "The timing seemed right," Lyn Grinstein said. He became CEO of Delta in 2004, a time of financial crisis for the airline. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. 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. 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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Controller Michael E Sweeney The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. 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. Bill Gates bought the place from Sikma in 1993 for $8 million. gerald grinstein net worth - anmolsahota.com Years later, Keith would rib his former boss, chief-of-staff Denny Miller. A year ago, we served together on a foundation finance committee. Gerald Grinstein is the director of The Brink's Co. . Gerald Grinstein was American air transportation executive. He was CEO of Nextel International from 1996 to 1999. & CHIEF TECH. Delta Air Lines executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Anderson inherited an angry board of directors and impatient . 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. BUSINESS CAR PHOTO INDEXES - BURLINGTON NORTHERN SANTA FE 1 - 32 - RyPN 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. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. In 1997, it rebranded as US Airways. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. (Gerald Grinstein says)(Brief Article). Exchange trademark and copyright notices. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. Mr. Grinstein grew up in a prominent Seattle family. 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). of 32,650 shares made by R Preston Feight 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. 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection . UAL held a 100 percent controlling interest in United Airlines, Inc., one of the world's largest air carriers, and is a founding member of the Star Alliance. He and his wife have lived there while overseeing work on their nearly finished $65 million estate a few blocks away. Gerald Grinstein - Harkness Capital Partners and Gerald Grinstein EducacinyCarrera de negocios 4. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. "That was a 10 percent raise!". We know that Gerald's political affiliation is . purchase Keith had the good judgment to concentrate on a few community totems and behind-the-scences volunteering that employed his skills as an investment guru. We'll focus on the median and average net worth figures for different age groups: Age of head of family. Email. , Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. Gerald Grinstein Net Worth (2023) | wallmine [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. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. 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 "Until we create an independently supported black institution, a financial safety net, for those . After overseeing the firm's survival through bankruptcy and implementing a . 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 The largest trade Gerald's ever made was buying 1,000 units of Delta Air Lines stock on 3 May 2007 worth over $21,750. and It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Mr. Grinstein is a co-founder of Madrona Venture Group. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. (Gerald Grinstein says)(Brief Article). 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. Fundamental company data provided by Morningstar, updated daily. He served as a Chief Counsel to the United States Senate Commerce Committee and a Counsel to the Merchant Marine and Transportation Subcommittee. He is very patriotic when it comes to his business and personal life. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. He reduced his own pay by 25%, to approximately $325,000 per year. 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. "We might remodel, we might start over again. He previously served as President of US Airways and American Airlines, as well as President of United Airlines from 2016 to 2020, when he was promoted as CEO. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. BNSF Business Cars Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. Delta Air Lines Emerges From Bankruptcy | Fox News So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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 and Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. The company contracted its airlines to fly in the aircraft livery of other airlines such as Delta Air Lines and United Airlines. How to Calculate Net Worth of a Company | Formula | Top Examples Bar: District of Columbia, Washington. 2004-2023 GuruFocus.com, LLC. Gerald Grinstein, 56 years old, will take over as president and chief executive of Burlington Northern, effective Jan. 1. 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. Re: BNSF "Gerald Grinstein" business car. He was a Board Member of the Seattle Symphony and The Seattle Foundation. 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. (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. Other recent insider transactions involving Delta Air Lines Inc (DAL) include "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . Other key executives at The Brink's Co include From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). no insider transaction in PACCAR Inc (PCAR). In summary, during the past 3 months, insiders sold 0 shares of The Brink's Co (BCO) in total and bought 0 shares, with a net
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