", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). 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. 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. 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. Gerald Grinstein, CEO of Delta Air Lines (DAL), Earns $382,207 - Forbes (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). AMR filed for Chapter11 bankruptcy protection in November 2011. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. All Rights Reserved. He became CEO of Delta in 2004, a time of financial crisis for the airline. Average Net Worth by Age: How Do You Compare? - NerdWallet Gerald Grinstein Net Worth 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. Amy Martinez: 206-464-2923 or amartinez@seattletimes.com, Fire on Lake City Way in Seattle raises smoke, flooding concerns, WA to end masking requirement in health care, correctional facilities, Tacoma woman refusing tuberculosis treatment continues to face arrest, Be bolder to get light rail done, expert panel tells Sound Transit, Driver makes U-turn, hits pedestrian near Pioneer Square, police say. purchase sale Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Harkness Capital Partners Team. Average Net Worth by Age - SmartAsset Pinnacle Airlines Corporation was an American holding company headquartered in Memphis, Tennessee, and was the parent company of Pinnacle Airlines and Colgan Air until Colgan was closed down in 2012. of 0 shares. The Brink's Co (BCO) Under Review. The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 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 led Delta during one of the most tumultuous periods in aviation history, beginning in 1997, just as airlines were struggling to emerge from the economic crises of the early 1990s. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub Chicago, Burlington & Quincy Railroad, Burlington Northern | Flickr a net He was CEO of Nextel International from 1996 to 1999. NA: Not available or not applicable. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. 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. Art collectors divided over tax issue - seattlepi.com Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. and "He does just one thing. 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. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Analysts predicted a loss of $4.76 a share excluding special items. 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. 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By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. Son complemented father, both emblematic of service above self; each was shrewd at tackling complex problems while highlighting the absurdity of certain politicians and other inflated egos. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. [8]. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. It was Keith's public-service baptism, the ballast for later life. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. I began to wax Bohemian. It was a dance of identical twins with one time-traveling sibling three decades younger than the other. He was just everywhere.. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. Gerald Grinstein: Turbulenzen statt Ruhestand - Politik - FAZ During the past 18 months, 350,919 shares of PACCAR Inc (PCAR) were sold and 0 shares were bought by its insiders, resulting in a net 4Less than 0.01%. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. 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. sale and On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. , Life is short. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. no insider transaction in PACCAR Inc (PCAR). 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. Jerry is also a board member of the William D. Ruckelshaus Center. Grinstein also set about regaining the trust and confidence of Delta's employees. Gerald Grinstein Net Worth (2022) - GuruFocus.com Picture a young-end Baby Boomer as a throwback to . [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. no insider transaction in The Brink's Co (BCO). Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Controller Michael E Sweeney no insider transaction in Delta Air Lines Inc (DAL). 9Received options or restricted stock in lieu of portion of bonus. The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. [6], Grinstein retired in the summer of 2007, [7] allocating his bankruptcy emergence stock grants to establish a scholarship fund for Delta employees and their children and a hardship fund for Delta families. Anderson inherited an angry board of directors and impatient . and Gerald Grinstein was American air transportation executive. "That was a 10 percent raise!". EVP - Chief of Operations John E Laughter and 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. 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. The Brink's Co (BCO)'s detailed insider trading history can be found in Insider Trading Tracker table. Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Added: Jun 27, 2019. "Some of our most successful entrepreneurs are really inventors at heart. 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 . . 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. sale Gerald Grinstein - Co-Founder and Strategic Director @ Madrona Above is the net worth, insider trading, and ownership report for Gerald Grinstein. Northwest also performed worse than expected, losing $5.07 a . A memorial service will be at 12:30 p.m. Monday (Oct. 6) at Temple De Hirsch Sinai, 1511 East Pike St., Seattle. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. & CHIEF TECH. Delta Air Lines is a major American airline.
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