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.

Financial Collapse of the Penn Central Company - Scholar's Choice Edition

Financial Collapse of the Penn Central Company - Scholar's Choice Edition
Author: United States Congress House
Publisher: Scholar's Choice
Total Pages: 412
Release: 2015-02-16
Genre:
ISBN: 9781296049829

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