Gerald Grinstein

During his tenure at Delta, Gerald Grinstein showed a strong commitment to managing the company’s financial health. For instance, he had no vested stock awards or stock options in 2007, meaning his direct financial stake in Delta was primarily through...

During his tenure at Delta, Gerald Grinstein showed a strong commitment to managing the company’s financial health. For instance, he had no vested stock awards or stock options in 2007, meaning his direct financial stake in Delta was primarily through his salary. He practiced what he preached about aligning executive compensation with company performance. When he stepped down in 2007, his compensation reflected a total of around $350,000 which included benefits but no long-term incentives. His decision to refuse bonuses during dire times was a move that highlighted a focus on long-term growth over short-term gain. After retiring, his holdings remained substantial in Delta, showing a connection to the airline even past his active management role. He had previously seen fluctuations in asset values, reflective of Delta's market performance at that time, with significant stock fluctuations noted in previous years, but his focus was more on navigating through challenging market conditions than on personal financial gain. Overall, Grinstein maintained sound insight into the aviation sector while managing Delta’s stability through turbulent times.