The Wreck of the Penn Central - Paperback
The Wreck of the Penn Central - Paperback
About this item
by Joseph R. Daughen (Author), Peter Binzen (Joint Author)
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.
Back Jacket
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.
Curated additions for your library
We Mean Business: The Practical Guide for Creative Entrepreneurs, Coaches and Small Businesses To Build Your Brand and Grow Your Business Online - Paperback
Retirement Planning: The Brief Guide to Lifelong Financial Freedom (Retirement Planning Guide for Dummies and How to Make Your Money Last) - Paperback
Democratizing Saas: Unleashing a Multi-Trillion-Dollar Industry by Empowering a New Generation of Saas Entrepreneurs - Paperback
You've Got Algorithm, but Can You Dance? - Paperback
