The Wreck of the Penn Central

The Wreck of the Penn Central
Author: Joseph R. Daughen
Publisher: Beard Books
Total Pages: 384
Release: 1999
Genre: Business & Economics
ISBN: 9781893122086

It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen. "The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.

The Penn Central and Other Railroads

The Penn Central and Other Railroads
Author: United States. Congress. Senate. Committee on Commerce. Special Staff for the Penn Central Enquiry
Publisher:
Total Pages: 786
Release: 1973
Genre: Railroads and state
ISBN:

Deals from Hell

Deals from Hell
Author: Robert F. Bruner
Publisher: John Wiley & Sons
Total Pages: 439
Release: 2015-09-28
Genre: Business & Economics
ISBN: 0470452595

A detailed look at the worst M&A deals ever and the lessons learned from them It's common knowledge that about half of all merger and acquisition (M&A) transactions destroy value for the buyer's shareholders, and about three-quarters fall short of the expectations prevailing at the time the deal is announced. In Deals from Hell, Robert Bruner, one of the foremost thinkers and educators in this field, uncovers the real reasons for these mishaps by taking a closer look at twelve specific instances of M&A failure. Through these real-world examples, he shows readers what went wrong and why, and converts these examples into cautionary tales for executives who need to know how they can successfully navigate their own M&A deals. These page-turning business narratives in M&A failure provide much-needed guidance in this area of business. By addressing the key factors to M&A success and failure, this comprehensive guide illustrates the best ways to analyze, design, and implement M&A deals. Filled with in-depth insights, expert advice, and valuable lessons gleaned from other M&A transactions, Deals from Hell helps readers avoid the common pitfalls associated with this field and presents them with a clear framework for thinking about how to make any M&A transaction a success.

A Sampling of Penn Central

A Sampling of Penn Central
Author: Jerry Taylor
Publisher: Indiana University Press
Total Pages: 453
Release: 2000
Genre: Railroads
ISBN: 025333702X

The Penn Central existed only from the New York Central-Pennsylvania merger in 1968, until the formation of Conrail in 1976. This book fills an information void with its 208 wonderful photographs taken between 1970 and 1972. The photos, with their detailed captions, portray the 5,000-plus miles of PC's Southern Region.

Conquering Gotham

Conquering Gotham
Author: Jill Jonnes
Publisher: Penguin
Total Pages: 384
Release: 2007-04-19
Genre: Architecture
ISBN: 1101218894

“Superb. [A] first-rate narrative” (The Wall Street Journal) about the controversial construction of New York’s beloved original Penn Station and its tunnels, from the author of Eiffel's Tower and Urban Forests As bestselling books like Ron Chernow's Titan and David McCullough's The Great Bridge affirm, readers are fascinated with the grand personalities and schemes that populated New York at the close of the nineteenth century. Conquering Gotham re- creates the riveting struggle waged by the great Pennsylvania Railroad to build Penn Station and the monumental system of tunnels that would connect water-bound Manhattan to the rest of the continent by rail. Historian Jill Jonnes tells a ravishing tale of snarling plutocrats, engineering feats, and backroom politicking packed with the most colorful figures of Gilded Age New York. Conquering Gotham will be featured in an upcoming episdoe of PBS's American Experience.

The Men Who Loved Trains

The Men Who Loved Trains
Author: Rush Loving
Publisher: Indiana University Press
Total Pages: 383
Release: 2006-05-21
Genre: Business & Economics
ISBN: 0253000645

An award-winning account of a crisis in railroad history: “This absorbing book takes you on an entertaining ride.” —Chicago Tribune A saga about one of the oldest and most romantic enterprises in the land—America’s railroads—The Men Who Loved Trains introduces the chieftains who have run the railroads, both those who set about grabbing power and big salaries for themselves, and others who truly loved the industry. As a journalist and associate editor of Fortune magazine who covered the demise of Penn Central and the creation of Conrail, Rush Loving often had a front-row seat to the foibles and follies of this group of men. He uncovers intrigue, greed, lust for power, boardroom battles, and takeover wars and turns them into a page-turning story. He recounts how the chairman of CSX Corporation, who later became George W. Bush’s Treasury secretary, managed to make millions for himself while his company drifted in chaos. Yet there were also those who loved trains and railroading—and who played key roles in reshaping transportation in the northeastern United States. This book will delight not only the rail fan, but anyone interested in American business and history. Includes photographs