Will Others Follow? 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. US Airways Group Inc. was an airline holding company based in Tempe, Arizona. 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 announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. There was a dervish-style coherence to his method, but I was clueless. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. "I don't think we'll be as interesting.". See Jerry Grinstein's compensation, career history, education, & memberships. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. The latest Delta Air Lines news covering business, health and safety, leadership, routes and waivers, Delta people, our values and more. . "Come on," Denny reminded him. Grinstein also set about regaining the trust and confidence of Delta's employees. California Weighs $360,000 in Reparations to Eligible Black Residents. 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. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. 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. . He was succeeded by Richard Anderson, a former Northwest Airlines executive. El proceso de integracin de NWA a Delta, tardar entre 12 y 24 meses, para finalmente operar bajo el mismo . From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. 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. 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. Above is the net worth, insider trading, and ownership report for Gerald Grinstein. 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. The Brink's Co (BCO) , Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. 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. In Fort Worth, The Civilized West, . This investment adviser does not provide advice to individual investors. (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). So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. 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. sale We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. On average, Gerald trades about 200 units every 0 days since 2004. Mr. Grinstein is a co-founder of Madrona Venture Group. Gerald Grinstein. Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. Keith was, make no mistake, a frenetic presence. On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. sale The Grinsteins have had their eye on the mansion for quite a while. , sale Bar: District of Columbia, Washington. Thomas W. Horton is a partner of Global Infrastructure Partners and is lead director at Walmart Inc. and General Electric Corp. United Airlines is the third largest airline in the world, with 86,852 employees and 721 aircraft. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe. Named for its creator, "Grinstein Green" was applied to the train's F-units along with a cream colored stripe down the middle. It is computed as the product of the total number of outstanding shares and the price of each share. 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. Net worth is the total of one's assets minus total liabilities. Gerald ("Jerry") Grinstein (nacido en 1932) es un hombre de negocios estadounidense, ex director ejecutivo (CEO) de Delta Air Lines . 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 of 8,500 shares made by Simon Davis View Gerald Grinstein results including current phone number, address, relatives, background check report, and property record with Whitepages. 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. Senator Warren G. Magnuson. The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Mr. Grinstein enjoyed traveling and flying several small airplanes that he owned. 9Received options or restricted stock in lieu of portion of bonus. Wise counsel from a wise man: Do one thing well. 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 . Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. 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. 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. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. They lived just across the street for years before moving to Fort Worth, Texas, home of Burlington Northern's headquarters. Net worth totals vary by education, age, income and other factors. a net 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. 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. Necessary cookies are absolutely essential for the website to function properly. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . . Edward H. Bastian is an American business executive. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. We also use third-party cookies that help us analyze and understand how you use this website. He was beloved by many, many people.. Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. Start a company in the Pacific Northwest. NM: Not meaningful. a net He became CEO of Delta in 2004, a time of financial crisis for the airline. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Median net worth . of 0 shares. 0:01. Everybody said, Yeah, I know Keith Grinstein hes my best friend, Hanauer recalled. 4. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Compensation rank is based on total compensation for latest fiscal year. A native of Wytheville, Virginia, Carp currently lives in Naples, Florida. 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. Gerald Grinstein. 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. a net V.P. Over the past 18 months, Peter Jackson is the former editorial-page editor of the Everett Herald. 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. He was 48. Delta Air Lines Inc is airlines, with a network of over 300 destinations in more than 50 countries. BNSF No. and [2] While at the helm of BN, Grinstein adopted a new paint scheme for the railroad's executive office car train. (Burlington Northern CEO Gerald Grinstein) (The Competitors) (Cover Story) (Interview). Wells. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. . A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. BOX 20574, ATLANTA, GA, 30320. He became CEO of Delta in 2004, a time of financial crisis for the airline. It's a community that's done enormous good, recasting funding priorities and embracing transparency. The middle 40% of U.S. families own 22% of the wealth. I was acting the obnoxious Hamlet. He reduced his own pay by 25%, to approximately $325,000 per year. 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. "What can you say that you did with your life? It has three transcontinental routes that provide rail connections between the western and eastern United States. ", William Ruckelshaus, Gerald Grinstein celebrate 80th birthdays with salmon-fishing trip | The Seattle Times. Today Delta is worth only $6.7 billion and Grinstein - and his team - are gone. Other recent insider transactions involving Delta Air Lines Inc (DAL) include 2023 Harkness Capital Partners | Admin Login, CEO: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Chairman: Delta Air Lines; Burlington Northern Inc.; Western Airlines, Board Member: Aligent Technologies; Light Sciences Corporation; Browning-Ferris Industries; VANS, Inc.; Imperial Sugar Co,; PACCAR Inc.; Sunstrand Corporation; Foundation Bank; ThinkFire Services USA; Portland General Electric Co.; The Brinks Company; Pittston Minerals Group; Vascular Reconditioning Inc; Bax Global; Expedia.com, Private Equity Boards: Kane is Able; Jacobson Companies; Co-Founder, Madrona Investment Group: Advisor, Oak Hill Capital Partners. Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. 4. 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. 1470: BNSF 1: Gerald Grinstein: Budd: 1952: Business 2 suites, Buffet, w/kitchen lounge: ex-CB&Q: 1471: BNSF 4: Missouri River: Pullman: 1955: Business 2 suites . 4. Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. EVP & Chief Financial Officer Daniel C. Janki , 24/7 Wall Street. PACCAR Inc (PCAR) William Douglas Parker is an American businessman who is the current Chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines. Gerald Grinstein is the director of PACCAR Inc. of 1,500 shares made by Timothy Joseph Tynan By. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. [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. Delta Air Lines Inc (DAL) 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. Grinstein appointed new executives to Delta who assisted in the company's survival despite the airline's precarious financial position. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. 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. "We aren't sure what we will do with it," she said. no insider transaction in PACCAR Inc (PCAR). This website uses cookies to improve your experience while you navigate through the website. The Grinsteins have had their eye on the mansion for quite a while. 7Less than $100,000. Vice President Paulo Henrique Bolgar 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. CCAir, Inc. was a regional airline headquartered in Charlotte, North Carolina, United States. Stock quotes provided by InterActive Data. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Compensation rank is based on total compensation for latest fiscal year. 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. We use cookies to provide you with a great experience and to help our website run effectively. 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. His new salary was set at $17,600. of 111,326 shares. For example, if someone owes more than the total value of their assets, they have a negative net worth. Keith Grinstein, a 1978 graduate of Seattles Lakeside School, earned a bachelors degree from Yale University and a law degree from Georgetown. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. After overseeing the firm's survival through bankruptcy and implementing a . 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. 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. Methodology: "Michael Jordan," Keith said. When he is not at work, you may find him sneaking off to fly fish or trying a new restaurant. Picture a young-end Baby Boomer as a throwback to . So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. Picture a young-end Baby Boomer as a throwback to Seattle's civic lions, circa 1962. Grinstein received the Railroader of the Year award in 1996.[3]. The use of the net worth method is demonstrated in the figure below. Basketball. 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. Gerald Grinstein was born on 06/26/1932 and is 90 years old. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. sale The company filed for bankruptcy protection under Chapter 11 in 2012 and emerged from Chapter 11 in 2013 as a wholly owned subsidiary of Delta Air Lines. 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? It also operates additional companies that provide associated services. The estimated Net Worth of Gerald Grinstein is at least $38.1 Thousand dollars as of 3 May 2007. Since 2001, the annual presidential salary has been set at $400,000. He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. , A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. 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. During Delta's bankruptcy, Grinstein and his management team accelerated the restructuring process that they had started in 2004. Things didn't work out as Grinstein had hoped. He became CEO of Delta in 2004, a time of financial crisis for the airline. I began to wax Bohemian. The estimated Net Worth of Gerald Grinstein is at least Delta Air Lines stock worth over $38,620 and over the last 18 years Gerald sold DAL stock worth over $0 Delta Air Service was incorporated on December 3, 1928, and named after the Mississippi Delta region. purchase 1Annualized. Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. The estimated Net Worth of Gerald Grinstein is at least $39 Tysic dollars as of 3 May 2007. 2023 Cascade Public Media. Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. That could happen sometime this summer or fall, she says. a net "Until we create an independently supported black institution, a financial safety net, for those . Gerald Ronson earned the money being a professional Philanthropist. GuruFocus.com is not operated by a broker or a dealer. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). Del Quentin Wilber. , Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. purchase Life is short. 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 set about regaining the trust and confidence of Delta's employees. Calculating net worth is one way to gauge financial health. However, their market capitalization Market Capitalization Market capitalization is the market value of a company's outstanding shares. Director Thanh Tan details the personal journey that inspired the first season of Crosscut Origins. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. 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. In the meantime, the Grinsteins are renting a home nearby. Past performance is a poor indicator of future performance. gerald grinstein net worth. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The couple already have found a buyer for the $8 million Medina mansion they now call home: family friend and former Burlington Northern Railroad Chairman Gerald Grinstein. Born: c. 1932 Birthplace: Seattle, WA Gender: Male Race or Ethnicity: White Sexual orientation: Straight Occupation: Business Nationality: United States Executive summary: CEO of Delta Air Lines, 2004-07 Wife: Lyn (four children) University: Yale University (1954) Law School: Harvard Law School (1957) Administrator: Regent, University of Washington (1998-2004) [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. Fue director ejecutivo de Burlington Northern Railroad de 1985 a 1995 y se uni a la junta directiva de Delta en 1987. sale "He does just one thing. You might contact Gerald Grinstein via mailing address: 395 Page Mill Rd, Palo Alto Ca 94306. David Brown From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. sale The estimated Net Worth of Edward H Bastian is at least $56.8 Million dollars as of 31 August 2022. Mr. Grinstein is a graduate of Yale College and Harvard Law School. AMR filed for Chapter11 bankruptcy protection in November 2011. Gerald Grinstein made With the merger that formed The Burlington Northern, the car became the "Mississippi River" and remain in the business car fleet changing name to "Gerald . Gerald Grinstein was American air transportation executive. and Mr. Grinstein grew up in a prominent Seattle family. 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. , ". On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Grinstein successfully guided Delta through a period of belt-tightening and restructuring, including filing for Chapter 11 bankruptcy protection. Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. "The timing seemed right," Lyn Grinstein said. 2Four-year total. Grinstein and his wife Carolyn live in Medina, Washington. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. 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. From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. We know that Gerald's political affiliation is . Browse 63 gerald grinstein stock photos and images available or start a new search to explore more stock photos and images. . 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. Northwest also performed worse than expected, losing $5.07 a . What is Gerald Grinstein's Net Worth? 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). C.E. But opting out of some of these cookies may affect your browsing experience. Three years into his tenure as CEO, he also was named Board Chairman of the International Air Transport Association (IATA), representing the worlds airlines. 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). I continued pressing. 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. Other recent insider transactions involving PACCAR Inc (PCAR) include 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." Its trucks are sold through over 2,300 independent dealers globally. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. Enjoy a 7-Day Free Trial Thru Mar 11, 2023! read more (market . a net 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. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. 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. 1 carries the name "Gerald Grinstein." Grinstein was Chairman and CEO of the Railroad from 1985 to 1995, a period of extensive growth. You must have JavaScript enabled to use this form. Hurricane Katrina resulted in a dramatic spike in jet fuel prices in Atlanta, which houses Delta's largest hub operation. He had an incredible sense of humor. and Gerald Grinstein of Burlington Northern Inc.; . . MFAN's Open Letter to the President on the U.S. Other key executives at Delta Air Lines Inc include For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. This category only includes cookies that ensures basic functionalities and security features of the website. You can see the complete history of Gerald Grinstein stock trades at the bottom of the page. and Gerald Grinstein Total Compensation $0.45 mil (#490) 5-Year Compensation Total NA Gerald Grinstein has been CEO of Delta Air Lines for 2 years. 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.
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