Since 2001, the annual presidential salary has been set at $400,000. C.E. sale These cookies do not store any personal information. 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. Northwest also performed worse than expected, losing $5.07 a . 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 Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. sale 0:01. , All Rights Reserved. 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. ""Our rhetoric was terrific, but the performance wasn't there." Longtime friend Nick Hanauer, with whom he started the Seattle venture-capital fund Second Avenue Partners, called Mr. Grinstein a walking Rolodex., He loved to talk and tell jokes and he may have been the funniest guy in Seattle, Hanauer said. 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. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. He was beloved by many, many people.. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 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 2004-2023 GuruFocus.com, LLC. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. a net After overseeing the firm's survival through bankruptcy and implementing a . In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. 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. He took over as CEO in 2004, when Delta was in a deep financial crisis, after CEO Leo F. Mullin stepped down amid a controversy over executive retirement and cash bonus plans that were deemed excessive. In 1997, it rebranded as US Airways. 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. 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. It also operates additional companies that provide associated services. Gerald Grinstein has been CEO of Delta Air Lines for 1 years. a net Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including ", "Congress Looks at Possible Delta-US Air Merger. Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. These cookies will be stored in your browser only with your consent. of 22,000 shares made by David S Taylor 4. 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." "We aren't sure what we will do with it," she said. Gerald Grinstein was born on 06/26/1932 and is 90 years old. 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.. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. 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? 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. . He became CEO of Delta in 2004, a time of financial crisis for the airline. Bar: District of Columbia, Washington. Just another site gerald grinstein net worth 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). Gerald Grinstein Net Worth 2022 and insider trades. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. EVP & Chief Financial Officer Daniel C. Janki [8], ""Our rhetoric was terrific, but the performance wasn't there." Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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. "Until we create an independently supported black institution, a financial safety net, for those . But opting out of some of these cookies may affect your browsing experience. Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. GuruFocus.com is not operated by a broker or a dealer. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Email. As of 3 May 2007 Gerald still owns at least 1,000 units of Delta Air Lines stock. BNSF No. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. a net A year ago, we served together on a foundation finance committee. A partir del 30 de octubre de 2008, Northwest Airlines hace parte de Delta Air Lines, formando as la aerolnea ms grande del mundo, volando a 375 destinos en 66 pases, transportado algo ms de 170 millones de pasajeros al ao, con cerca de 75 000 empleados a nivel mundial. EVP & Chief Financial Officer Kurt B Mcmaken You also have the option to opt-out of these cookies. It was also, again, a $16,000 position. There was a dervish-style coherence to his method, but I was clueless. of 29,672 shares made by Joanne D Smith 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. I was acting the obnoxious Hamlet. 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 It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. All content in this area was uploaded by Mark Tatge on Feb 28, 2015 PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. Del Quentin Wilber. Fundamental company data provided by Morningstar, updated daily. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. "He does just one thing. 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. a net and 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. Gerald Grinstein was American air transportation executive. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. 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. I began to wax Bohemian. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. George Washington's salary of $25,000 was . 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. That could happen sometime this summer or fall, she says. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Other recent insider transactions involving The Brink's Co (BCO) include 1. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. BNSF Railway is one of the largest freight railroads in North America. 3Three-year total. of 8,500 shares made by Simon Davis After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. . . From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. blockbuster store still open near haarlem. Keith was, make no mistake, a frenetic presence. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. We also use third-party cookies that help us analyze and understand how you use this website. Though environmentalists would like to cite him as an example of big business concern for the environment, he says . 7Less than $100,000. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Seattle Times researcher David Turim contributed to this story. Grinstein and his wife Carolyn live in Medina, Washington. 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Will His AI Plans Be Any Different? Gerald Grinstein made Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. 1Annualized. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. 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. Senator Warren G. Magnuson. , It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. EVP - Chief of Operations John E Laughter Grinstein received the Railroader of the Year award in 1996.[3]. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. Mr. Grinstein is a graduate of Yale College and Harvard Law School.