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Topic: Gerald Grinstein


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  Grinstein set to open throttles at Delta | ajc.com   (Site not responding. Last check: 2007-10-15)
Grinstein is talking a tough game in pay cut talks with Delta's pilots union — so far with nothing to show for it.
Grinstein's comments in meetings suggest he is at least mildly skeptical of Song, the low-fare carrier Delta launched last year to compete with JetBlue Airways.
Grinstein, who has said he expects to keep his Delta job about three years, has moved to Atlanta with his wife, Lyn, though they have kept their home near Seattle.
www.ajc.com /business/content/business/delta/0304/07grinstein.html   (1463 words)

  
 [No title]   (Site not responding. Last check: 2007-10-15)
It's Gerald Grinstein's turn to work the same magic at Delta, a challenge he said Monday he is prepared to take on for the long haul.
Now, it's Gerald Grinstein's turn to work the same magic at Delta, a challenge he said Monday he is prepared to take on for the long haul.
Grinstein, of Bellevue, Wash., retired from the Agilent board in early 2003 because the board has a mandatory retirement age of 70, Barnholt said.
www.11alive.com /money/money_article.aspx?storyid=39611   (590 words)

  
 The Seattle Times: Eastside News: New challenge for NW power figure: Grinstein named to pilot ailing Delta   (Site not responding. Last check: 2007-10-15)
Gerald Grinstein, chairman of the University of Washington Board of Regents, will focus on cutting costs of debt-laden Delta Airlines when he becomes chief executive Jan. 1.
Grinstein's first job in aviation, in May 1983, was as chairman of Western Airlines, a venerable but ailing Los Angeles-based carrier.
Grinstein had been slated to be one of PGE's new directors; it is unclear whether his new role with Delta would alter those plans.
seattletimes.nwsource.com /html/eastsidenews/2001800281_delta25.html   (1076 words)

  
 [No title]   (Site not responding. Last check: 2007-10-15)
Grinstein acknowledged that the executive pay scandal "violated a social contract" with Delta employees and shareholders, particularly because it came at a time when the airline was losing hundreds of millions of dollars, laying off thousands of employees and asking for federal assistance in the wake of 9/11.
Grinstein used the meeting to assure Delta employees and shareholders that his No. 1 priority right now is digging Delta out of debt and lowering the airline's cost structure so it can return to profitability.
Grinstein told reporters that he planned to name a new CFO within a week or two, but that he did not intend to fill the vacant COO position since he will be assuming those duties.
www.wxia.com /money/money_article.aspx?storyid=46084   (991 words)

  
 Delta Asks Pilots for $1 Billion in Cuts (phillyBurbs.com)
ATLANTA - Delta Air Lines Inc. chief executive Gerald Grinstein told pilots Friday the survival of the company depends on a minimum of $1 billion in concessions from them, insisting their proposal for up to $705 million in cuts is inadequate.
Grinstein's letter follows last week's proposal by the pilots to cut their pay by 23 percent and agree to other work rule and scheduling changes that would save the airline between $655 million and $705 million a year.
Grinstein's letter did not mention how much of a pay cut he was seeking, only the total amount of savings the airline needs.
www.phillyburbs.com /pb-dyn/news/24-07302004-340423.html   (649 words)

  
 Grinstein named CEO at Delta
Grinstein negotiated wage concessions when he was head of Western Air Lines from 1985 to 1987, and analysts say that experience could serve him well with Delta's ongoing talks with pilots.
Grinstein also was an executive of Burlington Northern Inc. between 1987 and 1995 and a board member at Agilent Technologies, in addition to other companies.
Grinstein was chairman of Burlington Northern Santa Fe Corp. from September 1995 until his retirement in December 1995, an executive officer of Burlington Northern Inc. and certain affiliated companies from April 1987 through September 1995, and chief executive officer of Western Air Lines Inc. from 1985 through March 1987.
seattlepi.nwsource.com /business/149752_delta25.html   (963 words)

  
 Delta boss: More cuts necessary | ajc.com   (Site not responding. Last check: 2007-10-15)
Grinstein said Wednesday the airline is looking for more cost-cutting measures — beyond those in a turnaround plan launched last year — to deal with the unexpected cash drain.
Grinstein estimated Delta's fuel bill this year will be $900 million to $1 billion higher than the Atlanta carrier projected in its turnaround plan announced last fall.
Grinstein said previous moves — including closing a Dallas hub, shedding 7,000 jobs and cutting non-pilot pay 10 percent — plus the pilot concessions should lower Delta's operating costs 13 percent this year, excluding fuel.
www.ajc.com /business/content/business/delta/0305/24bizdelta.html   (633 words)

  
 CEO: Delta Pilot Deal Unlikely by Friday (phillyBurbs.com)   (Site not responding. Last check: 2007-10-15)
On Monday, Grinstein told reporters at an airline conference in New York that he was hopeful that an agreement on that specific issue could be worked out by the end of the week.
Grinstein has said previously that the nation's third-largest airline would be forced to file for bankruptcy if it didn't get its pilot retirement issue under control by the end of September.
In his speech Wednesday, Grinstein seemed to suggest that he feels an agreement on the retirement issue can be worked out before the end of September deadline, though he cut his thought short in mid-sentence before being definitive.
www.phillyburbs.com /pb-dyn/news/24-09152004-366362.html   (581 words)

  
 Delta looking at all options for cuts as fuel costs soar
Grinstein acknowledged selling one or both of the company's regional carriers -- including Cincinnati-based Comair -- might help solve the airline's "liquidity issues" but said a sale is not imminent.
Grinstein also disclosed that only $100 million from the proceeds of such a sale would have to go to General Electric and American Express, which provided lifesaving loans last fall worth $1.1 billion that kept the carrier out of bankruptcy court.
Grinstein reiterated that the regional subsidiaries were "strategically important" to Delta but added the parent company didn't necessarily have to own them.
www.cincinnati.com /text/post/2005/03/27/delta032405.html   (530 words)

  
 Delta to Cut Thousands of Jobs And Cut Back Dallas Flights RICK BROOKS / Wall Street Journal 8sep04   (Site not responding. Last check: 2007-10-15)
Gerald Grinstein, the carrier's chief executive officer, said the changes are designed to simultaneously improve the traveling experience of its customers while squeezing more than $5 billion in annual savings from its operations by 2006.
Grinstein told employees last month that the carrier's restructuring will involve more layoffs and benefits changes, but he promised a new incentive program that includes equity and profit-sharing to reward employees who help the company reinvent itself.
Grinstein in mid-August presented a transformation plan to the company's board aimed at helping the nation's third-largest airline pull out of its three-year financial tailspin, during which it has lost more than $5.6 billion and shed more than 16,000 jobs.
www.mindfully.org /Industry/2004/Delta-Job-Cut8sep04.htm   (1054 words)

  
 Gerald Grinstein   (Site not responding. Last check: 2007-10-15)
Grinstein was elected to the Board of Directors of BNI in 1985, was named Vice Chairman in 1987, President and Chief Executive Officer in 1989, Chairman, President and Chief Executive Officer in 1990 and Chairman and Chief Executive Officer in 1991.
Grinstein served as President and Chief Operating Officer of Western Airlines, Inc. from 1984 through 1985 and as CEO of Western from 1985 through March 1987, when Western merged with Delta.
Grinstein was a partner in the law firm of Preston, Thorgrimson, Ellis & Holman in Seattle from 1969–1983.
www.delta.com /about_delta/corporate_information/corporate_biographies/grinstein/index.jsp   (256 words)

  
 deseretnews.com | More layoffs looming for Delta   (Site not responding. Last check: 2007-10-15)
Grinstein didn't specify whether the company will consider laying off flight attendants, baggage handlers or workers at reservation centers and elsewhere in the company.
Grinstein also said that non-pilot employees who aren't unionized won't be asked to take additional cuts in pay or benefits.
Grinstein said that Delta must reduce its costs for every seat flown one mile to at least 9 cents from the current 10.25 cents to be competitive with expanding discount carriers such as JetBlue Airways Corp. Lowering the pilot costs are the most important part of that, he said.
deseretnews.com /dn/view/0,1249,595046334,00.html   (410 words)

  
 [No title]   (Site not responding. Last check: 2007-10-15)
Last Modified: 7/21/2004 4:45:16 PM ATLANTA (AP) -- Delta Air Lines Inc. chief executive Gerald Grinstein told the pilots union Wednesday its latest wage concession proposal to save the company up to $705 million annually is a good start, but he indicated deeper cuts will be needed for the struggling carrier to survive.
Grinstein scheduled a meeting for July 28 to discuss the company's future, the letter said.
Grinstein said recently that the airline's previous proposal is no longer enough and has suggested the company may ask for more cuts.
www.wxia.com /news/news_article.aspx?storyid=49501   (750 words)

  
 No Cash Bonuses For Delta Top Execs
Delta Air Lines' new chief executive, Gerald Grinstein, said Tuesday that the airline will not give cash bonuses for 2003 to top executives and is rethinking its approach to executive compensation.
In a memo to employees, Grinstein also said the No. 3 US air carrier has developed a plan for some executives to defer separate retention bonuses that are payable in January.
Grinstein said certain executives will have the option under a new voluntary program to defer retention bonuses until Delta has been profitable for one full year or 2007, whichever comes first.
news.airwise.com /stories/2003/12/1072260279.html   (417 words)

  
 deseretnews.com | High fuel prices force Delta to cut more costs
CEO Gerald Grinstein said he believes the nation's third-largest airline can avoid a bankruptcy filing, though he indicated at an investor conference in New York that it hasn't ruled out such an option.
Grinstein said that because of the fuel increases, Delta expects to take a $900 million to $1 billion hit, perhaps even more.
Grinstein said the airline is on the right track with passengers thanks to its simplified fare structure.
www.deseretnews.com /dn/view/0,1249,600120790,00.html   (562 words)

  
 WJLA - Delta to Cut More Jobs in Restructuring   (Site not responding. Last check: 2007-10-15)
Grinstein sent the memo after concluding a daylong meeting with Delta's board to unveil his plan.
Among the proposals Grinstein was expected to outline: developing a simpler fare structure or a loyalty program and higher performance standards and better training for employees.
Grinstein told employees last month that Delta plans to seek new markets, domestically and internationally, and new customers either alone or in a partnership.
www.wjla.com /headlines/0804/167051.html   (819 words)

  
 Strategic Directors
Grinstein is the CEO of Delta Air Lines, former non-executive chairman of Agilent Technologies, and former Chairman and CEO of Burlington Northern Inc. (BNI), where he oversaw the company's acquisition of Santa Fe Pacific Corporation, which created the nation's largest railroad.
Grinstein is on leave from Madrona responsibilities while serving as CEO of Delta Airlines.
Keith Grinstein is the former CEO and Vice Chairman of Nextel International, Inc. Prior to Nextel, he was President and CEO of the Aviation Communications division of ATandT Wireless Services (formerly McCaw Communications).
www.madrona.com /team/sdirectors.html   (916 words)

  
 The Seattle Times: Business & Technology: Gerald Grinstein of Bellevue to head Delta Air Lines   (Site not responding. Last check: 2007-10-15)
Mullin's announcement comes as Delta is seeking wage concessions from its pilots, has warned of the possibility of further job cuts and is recovering from controversy over the compensation of top executives.
New CEO Grinstein has a good record of negotiating wage concessions dating back to his days as head of Western Air Lines from 1985 to 1987, said Neidl.
Grinstein has been on the Delta board since 1987, when the company acquired Western Air Lines in a merger.
seattletimes.nwsource.com /html/businesstechnology/2001799731_webdelta24.html   (980 words)

  
 Light Sciences Appoints Gerald Grinstein to Board of Directors   (Site not responding. Last check: 2007-10-15)
Grinstein currently serves on the Board of Directors of Delta Air Lines, Inc., formerly non-executive Chairman, and is a member of the Board of Regents at the University of Washington.
Grinstein has extensive government and business experience having served as Chief Counsel to the U.S. Senate Commerce Committee for over 10 years and as a partner with the Seattle law firm of Preston, Thorgrimson, Ellis & Holman for 14 years.
Grinstein also serves on the Boards of PACCAR Inc., Vans, Inc. and The Brink's Company, and formerly served as the non-executive Chairman of Agilent Technologies.
www.forrelease.com /D20030903/sfw026.P2.09032003110006.06031.html   (343 words)

  
 Railway Age: BN's Grinstein: charting a steady course - Gerald Grinstein, Burlington Northern Inc - interview   (Site not responding. Last check: 2007-10-15)
In a conversation with Railway Age Senior Editor Gus Welty, Grinstein is frank about BN and the railroad industry, where they are and where they ought to be going.
GRINSTEIN: When we're judged on the level of satisfaction we provide our customers, when we're judged on the quality of our services, when we're judged on our ability to manage our human and capital resources, we want to be seen as the best railroad in the world.
GRINSTEIN: Let me say first that 90% of our people are busting their fannies to make this railroad work.
www.findarticles.com /p/articles/mi_m1215/is_n1_v192/ai_9859455   (1413 words)

  
 "This Is Your Captain Speaking"
How well did CEO Gerald Grinstein ride the turbulence when he announced his plan to bring Delta Air Lines in for a soft landing?
When CEO Gerald Grinstein took the mike to announce his plan to pull Delta Air Lines out of a three-year, $5 billion nosedive, he was speaking to a number of distinct audiences.
As Grinstein, 72, described his vision, it was with the tone of a man who has seen dynasties rise and fall, and eras pass.
www.fastcompany.com /magazine/88/pr.html   (462 words)

  
 Delta Considers Premium Routes And Service
Delta Air Lines' chief executive Gerald Grinstein may add more longer-haul routes, spend more on customer service and amenities and cede some US market share in a bid to help ensure the airline's survival, the Wall Street Journal said on Monday.
Grinstein believes Delta can charge perhaps 10-15 percent more than low-cost carriers, by providing better service, at a time security concerns have made flying less pleasurable, the newspaper said.
Counter to longtime industry conventional wisdom, Grinstein is suggesting that Delta abandon some US routes into regional hubs, and expand routes and amenities for flights across the Atlantic, the United States and to Latin America, the paper said.
news.airwise.com /stories/2004/08/1092650290.html   (353 words)

  
 Leo F. Mullin, Delta Chairman and Chief Executive Officer, Announces Decision to Retire; Steps Down as CEO on Jan. 1, ...
Gerald Grinstein has been named Delta's CEO effective Jan. 1, 2004.
The Board is confident that the combination of Grinstein and Smith has the proven corporate leadership experience and in-depth understanding of Delta to complete the critical transformation of Delta into a successful competitor in the evolving airline environment.
Grinstein said, "Leo has my thanks for his highly effective leadership of Delta through difficult times.
news.delta.com /print_doc.cfm?article_id=8988   (1486 words)

  
 Georgia Chamber of Commerce :: Top News :: Delta Air Lines CEO Gerald Grinstein to Speak at Georgia Chamber Annual ...
A member of the Delta Board of Directors for sixteen years, Seattle native and Harvard Law School graduate, Gerald Grinstein was tapped as CEO in January of 2004.
In his remarks, Grinstein will touch on the root causes of the problems the airline industry is facing, how other companies are coping with these difficult challenges and the outlook for the future of trunk and regional carriers.
Grinstein has shown in appearances before business groups that he not only has a handle on the present, he has a unique insight into the future of the airline industry and he shares his vision of how airlines will be forced to change the way they do business if they are to compete and prosper.
www.gachamber.com /story-41102BA342EB31599.html   (534 words)

  
 Closing Bell: Avon Products
The Delta Air Lines (DAL) CEO warned Sept. 8 he would put the money-losing carrier in Chapter 11 if he can't win huge concessions from pilots and creditors by month's end.
Grinstein says he will dump up to 7,000 employees, or 10% of Delta's payroll, and reduce pay and benefits for the remainder.
Grinstein has asked Delta's unionized pilots to find $1 billion in savings.
www.businessweek.com /magazine/content/04_38/c3900063.htm   (785 words)

  
 Delta Air Lines CEO Gerald Grinstein Reflects with Shareowners on Company’s 75th Anniversary and Challenges Ahead
Delta Air Lines CEO Gerald Grinstein Reflects with Shareowners on Company’s 75th Anniversary and Challenges Ahead
Grinstein added, “At Delta, we know many challenges lie ahead.
Grinstein stressed that Delta is already focusing on four important areas supporting that goal:
news.delta.com /print_doc.cfm?article_id=9266   (378 words)

  
 USATODAY.com - New Delta CEO Grinstein faces big challenges   (Site not responding. Last check: 2007-10-15)
Now, Gerald Grinstein will try to turn around a struggling Delta Air Lines, a challenge the 71-year-old said he is prepared to take on for the long haul.
Man with a plan: Delta's new CEO, Gerald Grinstein, has had previous experience in pilot negotiations.
Grinstein, who has been a Delta board member since 1987, will take over the airline when Leo Mullin steps down as CEO on Jan. 1.
www.usatoday.com /travel/news/2003-11-25-delta-grinstein_x.htm   (653 words)

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