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gerald grinstein net worth

a net Mr. Grinstein died unexpectedly Sunday (Sept. 28) of an undisclosed cause. Jerry Grinstein, past CEO of Delta, to be Orser Executive Speaker on Delta Air Lines Inc (DAL)'s detailed insider trading history can be found in Insider Trading Tracker table. (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). It was announced on May 3, 2010 that UAL Corporation and Continental Airlines, Inc. would pursue a merger pending government approval. Harkness Capital Partners Team. of 5,120 shares made by Rohan Pal George Washington's salary of $25,000 was . The route network covered destinations in 47 states, as well as international destinations. 4. 1:06. Footnotes: EVP & Chief Financial Officer Daniel C. Janki 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. Gerald Ronson earned the money being a professional Philanthropist. . ", 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. Leo F. Mullin is an American executive and civic activist who served as CEO and Chairman of Delta Air Lines (1997-2004). LOSSES STACK UP AMONG AIRLINES - Orlando Sentinel 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. 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 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. ", "Congress Looks at Possible Delta-US Air Merger. It's a "what if" that only magnifies the grief, the break of a generational thread that can't be mended. 5Prior-year data. Anderson inherited an angry board of directors and impatient . sale Calculating net worth is one way to gauge financial health. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. and Keith Grinstein, who died unexpectedly on Sunday, Sept. 28, at age 48, was a kinetic entrepreneur and altruist, as hilarious as he was intense. 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. It was the brainchild of William Boeing and emerged from his consolidation of numerous carriers and equipment manufacturers from 1928 to 1930. (Gerald Grinstein says)(Brief Article). . The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. It was originally founded in Pittsburgh as a mail delivery airline called All American Aviation, which soon became a commercial passenger airline. After overseeing the firm's survival through bankruptcy and implementing a . Exchange trademark and copyright notices. a net Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. 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. VICE PRESIDENT/GENERAL COUNSEL Michael K Walton "What can you say that you did with your life? 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. Ranks are given only to chief executives who have a six-year tenure and six-year compensation history. [8], ""Our rhetoric was terrific, but the performance wasn't there." 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. 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. 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. (Gerald Grinstein says)(Brief Article). Jerry is a founding partner of Harkness Capital and a Board Advisor to Kane is Able. 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 . He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 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. The 72 year old executive ranks 12 within Transportation Chief executive . He was 48. He became CEO of Delta in 2004, a time of financial crisis for the airline. 2Four-year total. , ", "DELTA IN TRANSITION\ MULLIN ERA COMES TO A SURPRISE CLOSE.(Business). [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. 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. 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. Most recently Gerald bought 1,000 units of DAL stock worth $21,750 on 3 May 2007. NA: Not available or not applicable. Edward H. Bastian is an American business executive. 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. Methodology: Previous to Gerald's current city of Seattle, WA, Gerald Grinstein lived in Atlanta GA and Medina WA. He'd rock in his armchair and rapid-fire acronyms, liquidity trends, and other arcana. Wherever he landed in life or career, Keith was bound to a legacy of service. Primary Income source Philanthropist (profession). 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. (PDF) Flight Capital; Gerald Grinstein put bankrupt - ResearchGate Compensation percent change is based on combined salary and bonus. Carp served as the chairman of the board of Delta Air Lines, replacing former chairman Gerald Grinstein. 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. Based on ownership reports from SEC filings, as the reporting owner, Gerald Grinstein owns 3 companies in total, including Grinstein negotiated a second concessionary agreement from ALPA, imposed a second round of paycuts on nonunion employees, and froze the nonunion employee pension plan. He reduced his own pay by 25%, to approximately $325,000 per year. BNSF trains traveled over 169million miles in 2010, more than any other North American railroad. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. [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. "Of course, it has taken a little longer than anticipated (for them to move out), but they're trying their best.". Things didn't work out as Grinstein had hoped. ""Our rhetoric was terrific, but the performance wasn't there." Mr. Grinstein has been with the company for one year . Senator Warren G. Magnuson. He became CEO of Delta in 2004, a time of financial crisis for the airline. James Moon Whitehurst is an American business executive. Some of our most successful entrepreneurs are really inventors at heart. See Jerry Grinstein's compensation, career history, education, & memberships. A friend recalls a good guy of the dot-com generation of executives, a dynamo who knew the importance of living in the now. . Gerald Grinstein. 4. In 2020, the company acquired the U.K.-based G4S that reorganized its operating segments to be North America, Latin America, Europe, and Rest of World. That could happen sometime this summer or fall, she says. "We might remodel, we might start over again. 4Less than 0.01%. Gerald has made over 1 trades of the Delta Air Lines stock since 2007, according to the Form 4 filled with the SEC. Lyn Grinstein politely declined to say how much the house will cost. Among his survivors are his wife, Claire, his parents and his brother, Charles. [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 bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. 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. It was humbling. Grinstein also set about regaining the trust and confidence of Delta's employees. Delta's sale of frequent flier miles, particularly to American Express, is a keydriver of the firm's profits. He is the former non-executive chairman of Agilent Technologies, and former chairman and CEO of Burlington Northern (BNI), where he oversaw. Grinstein and his wife Carolyn live in Medina, Washington. EVP & Chief Financial Officer Kurt B Mcmaken The first step is to calculate the net worth of the individual at the start and end of the period. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. Gerald Grinstein - Co-Founder and Strategic Director @ Madrona 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. BNSF Railway is one of the largest freight railroads in North America. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. David Brown a net UAL Corporation is the former name of United Airlines Holdings, an airline holding company, incorporated in Delaware with headquarters in Chicago, Illinois. 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. He was CEO of Nextel International from 1996 to 1999. Delta Air Lines is the U.S. global airline leader in safety, innovation, reliability and customer experience. Known internationally as U.S.-ALPA, ALPA is also a member of the IFALPA. Mr. Grinstein has been with the company for 2 years.The 73 year old executive ranks 15 within Transportation Education College: Yale BA '54 sale of 350,919 shares. Friends and business associates said Monday they were struggling to cope with the news of his sudden death. of 111,326 shares. Sanjay Gupta's House in Atlanta, GA (Bing Maps) - Virtual Globetrotting Delta Air Lines is a major American airline. 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. All Rights Reserved. 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. You also have the option to opt-out of these cookies. I began to wax Bohemian. , 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. a net 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 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 . "He does just one thing. ". Since 2001, the annual presidential salary has been set at $400,000. Gerald Grinstein Net Worth (2022) | wallmine A year ago, we served together on a foundation finance committee. When its one-time expenses were included, Delta lost $7.64 a share. Gerald Grinstein made 2004-2023 GuruFocus.com, LLC. These cookies do not store any personal information. Delta shed non-performing assets, slashed the mainline fleet from nine models to five, and shed thousands of jobs. 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. Will His AI Plans Be Any Different? Se convirti en director ejecutivo de Delta en 2004, una poca de crisis financiera para la aerolnea. no insider transaction in Delta Air Lines Inc (DAL). 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. Vice President Paulo Henrique Bolgar Its trucks are sold through over 2,300 independent dealers globally. Too many, however, have boosted vanity projects or expressed do-gooderism as an extension of themselves. Gerald ("Jerry") Grinstein (born 1932) is an American businessman, the former Chief Executive Officer (CEO) of Delta Air Lines. We know that Gerald's political affiliation is . The Grinsteins have had their eye on the mansion for quite a while. BOX 20574, ATLANTA, GA, 30320. Edward H. Bastian Net Worth (2023) | wallmine HOME PAGE FOR THE WORLD'S BUSINESS LEADERS. We rely on donations from readers like you to sustain Crosscut's in-depth reporting on issues critical to the PNW. Gerald Grinstein - Wikipedia Gerald Grinstein is the director of PACCAR Inc. One proposal involves replacing the waterscape dinosaur sculptures and all with a meadow of native plants. read more (market . A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Gerald Grinstein for Ed Bastian's 20 year pinning | Delta News Hub It also operates additional companies that provide associated services. Click here to see the complete history of Gerald Grinsteins form 4 insider trades. Woolman, general manager and later Delta's first CEO, led a group of investors to acquire the company's assets. Commitment to Global Development will be featured in a print ad this Thursday and you don't want to miss it. He sought to maintain communication with the Delta Board Council and with representatives of frontline employees. 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. He was a Board Member of the Seattle Symphony and The Seattle Foundation. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. of 4,880 shares. Gerald Grinstein Net Worth (2022) | wallmine It was a dance of identical twins with one time-traveling sibling three decades younger than the other. Brink's customer base includes financial institutions, retails, government agencies, mints, and other commercial businesses. The middle 40% of U.S. families own 22% of the wealth. V.P. , After overseeing the firm's survival through bankruptcy and implementing a . sale Keith Grinstein, 1960-2008: Exec had heart for community - seattlepi.com The estimated Net Worth of Gerald Grinstein is at least $32.1 Thousand dollars as of 3 May 2007. Als Gerald Grinstein vor knapp zwei Jahren den Posten als Vorstandschef bei der amerikanischen Fluggesellschaft Delta Air Lines. John Scott Kirby is an American executive currently serving as CEO of United Airlines. 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. Grinstein and his wife Carolyn live in Medina, Washington. By subscribing, you agree to receive occasional membership emails from Crosscut/Cascade Public Media. of 24,590 shares made by William C Carroll Gerald Grinstein Net Worth (2022) | wallmine Burlington Northern Santa Fe Railway | Encyclopedia.com 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. Other recent insider transactions involving Delta Air Lines Inc (DAL) include You have to seize something now, something you love, and run with it.". Keith Grinstein, 1960-2008: Exec had heart for community. 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? Looking for some big-brother-ish guidance a few years back, I met up with Keith at the Montlake neighborhood Starbucks. [3]. The Grinsteins have had their eye on the mansion for quite a while. 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 . He became CEO of Delta in 2004, a time of financial crisis for the airline. 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 . 10Includes shares indirectly held. Gerald Grinstein is the director & Chief Executive Officer of Delta Air Lines Inc. [5] In negotiations with ALPA, the Delta pilots' union, he secured deep concessions in order to help the company stave off bankruptcy. gerald grinstein net worth - anmolsahota.com The Columbian black-tail deer has become a habitat threat, creating ideal conditions for invasive plants and forest fires. 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. For Mr. Grinsteins 40th birthday, Second Avenue filmed a 10-minute video featuring short interviews with local business people. U.S. Net Worth Statistics: The State of Wealth in 2023 - FinanceBuzz of 22,000 shares made by David S Taylor So when Gerald Grinstein retired last year and headed back to Seattle, he struck a deal with Gates. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). 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 . Daniel Allen 'Dan' Carp is the former chairman and chief executive officer of the Eastman Kodak Company. EVP-Chief Cust Experience Offr Allison C Ausband Bar: District of Columbia, Washington. Gupta has several connections to Atlanta, where he is the Chief Medical Correspondent for CNN, associate chief of neurosurgery at Grady Memorial Hospital, and assistant professor of neurosurgery at Emory University School of Medicine. why was carrie's sister dropped from king of queens . On the first anniversary of Russia's invasion, dozens gathered at St. Johns Episcopal Church to honor the lives lost. "Until we create an independently supported black institution, a financial safety net, for those . Por lo tanto, el directorio actu; lo encabezaba nada menos que Gerald Grinstein. purchase 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.. 24/7 Wall Street. no insider transaction in PACCAR Inc (PCAR). 3 U.S. domestic carrier, on Monday emerged from Chapter 11 bankruptcy protection She did say the couple plan to make some changes. He was focused, effective, and (and I mean this) understated. 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. LEATHERBERRY) BNSF 1 Gerald Grinstein - (E.C . By. After overseeing the firm's survival through bankruptcy and implementing a restructuring program, he retired as CEO in 2007. It was Keith's public-service baptism, the ballast for later life. and In 1997, it rebranded as US Airways. Keith Grinstein was such a ubiquitous Seattle business figure that it often seemed as if he knew everyone. Delta, which had previously sold its fuel hedges in a move to raise cash, was forced into an untenable cash position. Jerry Grinstein, Harkness Capital Partners LLC: Profile and Biography On the same date, Thomas H. O'Leary, 54, will become president and chief . "That was a 10 percent raise!". The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. 8Received options or restricted stock in lieu of portion of salary. A co-founder of Madrona Investment Group, Jerry served on the board of portfolio company Expedia.com. Every Sunday morning, Crosscut's weekly email sums up the best stories of the week. Gerald Grinstein Wikipedia Republished // WIKI 2 It's a community that's done enormous good, recasting funding priorities and embracing transparency. [1] In this position he helped form the corporate entity that resulted in BN's merger which formed the BNSF Railway. purchase 51.5 million families are in this group. Gerald Grinstein - WikiMili, The Best Wikipedia Reader . What should I do with my life? (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). Other key executives at Delta Air Lines Inc include sale of 8,500 shares made by Simon Davis 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. This category only includes cookies that ensures basic functionalities and security features of the website. From 1985 to 1995 Grinstein was CEO of Burlington Northern Railroad (BN). We'll focus on the median and average net worth figures for different age groups: Age of head of family. There isnt anyone in business in Seattle who doesnt know Keith. During the past 18 months, 157,206 shares of Delta Air Lines Inc (DAL) were sold and 45,880 shares were bought by its insiders, resulting in a net His mother, Rosalie Alhadeff, is part of the family that created the Longacres horse-racing track in Renton. He is very patriotic when it comes to his business and personal life. , Gerald Grinstein - Harkness Capital Partners Built in 1941, the Evergreen Point Road mansion once was home to former SuperSonics star Jack Sikma. On average, Delta Air Lines executives and independent directors trade stock every 20 days with the average trade being worth of $4,340,244. Gerald Grinstein Net Worth (2023) | wallmine and Gerald Grinstein of Burlington Northern Inc.; . 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. Gerald Grinstein. CASO 1 DE INTELIGENCIA EMOCIONAL - Blogger Gerald Grinstein owns over 1,000 units of Delta Air Lines stock worth over $38,070 and over the last 19 years Gerald sold DAL stock worth over $0. The most active insiders traders include Hathaway Incbuffett Warren , Benefit Guaranty Corp/132 1, and James M Kilts. It was also, again, a $16,000 position. We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Over the past 18 months, Net worth is the total of one's assets minus total liabilities. Presidential wealth: The net worth of every American president - USA TODAY 74th St., Redmond, WA 98052, or another charity. 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. 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. and 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. 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. 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. At the time of the bankruptcy filing, Delta's total debt was approximately $23.8 billion. 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. BNSF "Gerald Grinstein" business car - Trainorders.com Discussion He was CEO of Burlington Northern Railroad from 1985 to 1995, and joined Delta's board of directors in 1987. 2023 Cascade Public Media. Even before that, every president has been paid well. 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. Team | Harkness Capital Partners | Capital and Resources to Support Growth 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. Gerald Grinstein Net Worth

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