gerald grinstein net worth

EVP Daniel J Castillo Longtime friend Nick Hanauer Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. The most efficient rank is 1 and least efficient is 189. You also have the option to opt-out of these cookies. 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. On the same date, Thomas H. O'Leary, 54, will become president and chief . He ended his service to Delta by retiring from his position as CEO in 2003, and as chairman of the board in 2004. sale 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. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. He became CEO of Delta in 2004, a time of financial crisis for the airline. Anderson inherited an angry board of directors and impatient . Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. The Brink's Co (BCO) By. (Rob Krebs, president and CEO of Burlington Northern Santa Fe Corp., and former head of Santa Fe prior to the merger; Jerry Grinstein, retired chairman of Burlington Northern Santa Fe Corp.)(Cover Story). The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. There won't be a "For Sale" sign swinging in front of Bill and Melinda Gates' house when they move to their new high-tech estate. 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. 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. It was humbling. When its one-time expenses were included, Delta lost $7.64 a share. and By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. of 8,500 shares made by Simon Davis These cookies do not store any personal information. ". 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. 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. BNSF No. Seattle Times researcher David Turim contributed to this story. why was carrie's sister dropped from king of queens . . 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. of 24,590 shares made by William C Carroll 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. "That was a 10 percent raise!". and "Just imagine that you'll only live to be 40," Keith said. Delta Air Lines is a major American airline. and [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. Gerald Grinstein Net Worth (2022) | wallmine Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. Although these initiatives were largely successful, upward pressure on fuel prices and fierce competition from low-cost carriers continued to keep Delta perilously close to bankruptcy. It was also, again, a $16,000 position. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Just another site gerald grinstein net worth GuruFocus.com is not operated by a broker or a dealer. Median net worth . 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. and 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. no insider transaction in Delta Air Lines Inc (DAL). 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. But will the Seattle Landmarks Board sign off? UAL Corporation would acquire Continental Airlines, Inc. and change its name to United Continental Holdings (UCH). A Seattle native, Jerry is a graduate of Yale University and Harvard Law School. He returned to Madrona in late 2007 after a leave of absence serving as CEO of Delta Air Lines for almost four years. Harkness Capital Partners Team. 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. 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). 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. 10Includes shares indirectly held. 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. sale Enjoy a 7-Day Free Trial Thru Mar 11, 2023! 1. The 72 year old executive ranks 12 within Transportation Chief executive . Start a company in the Pacific Northwest. I would quietly write down what few nuggets I could comprehend, usually "Dow Jones" and "buy low." According to author Harry Nolan, Harris led the latter three airlines "out of the turbulence of financial instability toward profitability." CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Grinstein received the Railroader of the Year award in 1996.[3]. 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. 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. Compensation rank is based on total compensation for latest fiscal year. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. Grinstein also set about regaining the trust and confidence of Delta's employees. 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. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. 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. "I may put a sign on the waterfront saying `Bill has moved' with an arrow pointing up the shore," she joked. 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. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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.. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. Over the past 18 months, , a net 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. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. Most recently, Mr. Grinstein was chairman of Coinstar, a Bellevue-based operator of coin-counting machines, as well as a director of Seattle technology company F5 Networks and Tacoma-based staffing agency TrueBlue. In 1997, it rebranded as US Airways. a net purchase Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. WOODS) BNSF 1 Gerald Grinstein - (J. 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. 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. Sanjay Gupta's net worth is $12 million. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The use of the net worth method is demonstrated in the figure below. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. I was acting the obnoxious Hamlet. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Grinstein received a BA from Yale University in 1954 and a JD from Harvard Law School in 1957. ", "Railroaders of the year: matchmakers Rob Krebs, Jerry Grinstein. In October 1979, after the passage of the Airline Deregulation Act, Allegheny Airlines changed its name to USAir. Follow him on Twitter @phardinjackson. It is computed as the product of the total number of outstanding shares and the price of each share. 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. In addition to his work in medicine and broadcast journalism, he has . "I don't think we'll be as interesting.". The company's history began with the world's first aerial crop dusting operation called Huff Daland Dusters Inc., founded in 1925 in Macon, Georgia to combat the boll weevil infestation of cotton crops. Lyn Grinstein politely declined to say how much the house will cost. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". & CHIEF TECH. Since 2001, the annual presidential salary has been set at $400,000. These cookies will be stored in your browser only with your consent. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Mr. Grinstein grew up in a prominent Seattle family. Among his survivors are his wife, Claire, his parents and his brother, Charles. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. 8Received options or restricted stock in lieu of portion of salary. Keith was, make no mistake, a frenetic presence. 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 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". [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. , 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. Prior to taking on the CEO role of Delta, Grinstein also served as non-executive chairman of Agilent Technologies from 1999 through November 2002 . After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. We'll focus on the median and average net worth figures for different age groups: Age of head of family. C.E. Grinstein and his wife Carolyn live in Medina, Washington. [8], ""Our rhetoric was terrific, but the performance wasn't there." ALPA was founded on 27 July 1931 and is a member of the AFL-CIO and the Canadian Labour Congress. 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. Gerald Grinstein was born on 06/26/1932 and is 90 years old. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. 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. blockbuster store still open near haarlem. He spent a cool $71,000 for his Tesla, in large part because it is U.S. built, incorporates U.S. technology, and is the result of U.S. innovation. Under Review. Senator Warren G. Magnuson. , See Jerry Grinstein's compensation, career history, education, & memberships. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. 2Four-year total. [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. sale Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. ", 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. Wise counsel from a wise man: Do one thing well. 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). Just another site gerald grinstein net worth Annualized total return during tenure covers the tenure of the executive or from the time of the IPO or available stock history. BNSF Railway is one of the largest freight railroads in North America. On Thursday June 27, 2019 United changed the name of its parent company from United Continental Holdings to United Airlines Holdings. and The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. John Scott Kirby is an American executive currently serving as CEO of United Airlines. Grinstein was the CEO of Delta Air Lines from 2004 to 2007. The Grinsteins have had their eye on the mansion for quite a while. This paint scheme was later applied to the railroad's last order for locomotives before the merger, the EMD SD70MAC. sale WOODS) BNSF 1 Gerald Grinstein - (E.C. Keith moved on to Georgetown Law School and an inspired career in telecommunications and venture capital, the kind of work where a 10 percent raise carries a bit more oomph. , Peter Jackson is the former editorial-page editor of the Everett Herald. . of 17,976 shares. "The timing seemed right," Lyn Grinstein said. Will Others Follow? The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. . Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. 1Annualized. purchase Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. Analysts predicted a loss of $4.76 a share excluding special items. Relative to market is the ending value of $100 invested in the stock, divided by the ending value of $1 invested in the S&P 500 (a score of 100 = the S&P 500). 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. Gerald Grinstein is a Co-Founder and serves as Strategic Director at Madrona Venture Group. a net 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. His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. of 350,919 shares. The company's only surviving airline, Pinnacle, became Endeavor Air. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . He was focused, effective, and (and I mean this) understated. 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. and Gerald Grinstein of Burlington Northern Inc.; . PACCAR Inc (PCAR)'s detailed insider trading history can be found in Insider Trading Tracker table. 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. 9Received options or restricted stock in lieu of portion of bonus. 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. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . We also use third-party cookies that help us analyze and understand how you use this website. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. purchase 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? Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. It may be a sin to use the subjunctive tense, especially about a life interrupted, but Keith's biography would have tracked with the Northwest's Jim Ellis and Eddie Carlson, innovators who knit together business savvy, public vision, and community values. 24/7 Wall Street. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. In the meantime, the Grinsteins are renting a home nearby. trader joe's chocolate ganache cake LIVE; madison 56ers apparel; gerald grinstein net worth. Life is short. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. It was Keith's public-service baptism, the ballast for later life. Added: Jun 27, 2019. Primary Income source Philanthropist (profession). Gerald Ronson earned the money being a professional Philanthropist. Gerald Grinstein was American air transportation executive. 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. It's a community that's done enormous good, recasting funding priorities and embracing transparency. sale . Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. Keith Grinstein, 1960-2008: Exec had heart for community. Then you get to live here.. It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. All Rights Reserved. Vice President Paulo Henrique Bolgar , 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 . Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. 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. Compensation rank is based on total compensation for latest fiscal year. and Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. On September 14, 2005, Delta and its subsidiaries filed a petition for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. In 1953, it was renamed Allegheny Airlines and operated under that name for a quarter-century. sale Other recent insider transactions involving The Brink's Co (BCO) include The Brink's Co is a Global provider of secure logistics and security solutions for cash and other valuables. 1. All Rights Reserved. UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. Gerald Grinstein made Stock quotes provided by InterActive Data. Wells. Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $32,120 and over the last 19 years Gerald sold DAL stock worth over $0. Bar: District of Columbia, Washington. That could happen sometime this summer or fall, she says. The current estimated net worth of Delta Air Lines Inc's Chief Executive Officer, Gerald Grinstein, is estimated to be about $883.35K .Gerald Grinstein owns . 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 has three transcontinental routes that provide rail connections between the western and eastern United States. (Gerald Grinstein says)(Brief Article). Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. and Years later, Keith would rib his former boss, chief-of-staff Denny Miller. The middle 40% of U.S. families own 22% of the wealth. of 57,951 shares made by Harrie Schippers Total compensation for each chief executive includes the following: salary and bonuses; other compensation, such as vested restricted stock grants, LTIP payouts and perks; and stock gains, the value realized by exercising stock options. 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. of 1,500 shares made by Timothy Joseph Tynan George Washington's salary of $25,000 was . Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. Exchange trademark and copyright notices. 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. of 29,672 shares made by Joanne D Smith Bressler continued as chairman of Burlington Northern and Burlington Resources, while Gerald Grinstein, who had been vice-chairman of both companies, became Burlington Northern ' s president and chief executive officer in 1989. David Brown Grinstein and his wife Carolyn live in Medina, Washington. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. It generates maximum revenue from the North America segment, namely from its core business of cash-in-transit and ATM services. ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). Powered by its employees around the world, Delta has for a decade led the airline industry in operational excellence while maintaining its reputation for award-winning customer service. 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 Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. [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. Musk Made a Mess at Twitter. Footnotes: 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. ", "Delta Air Lines needs to cut costs, says CEO. Things didn't work out as Grinstein had hoped. 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