Word: centrally
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Dates: during 1960-1969
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...story says that I had a "tough time persuading" Alfred E. Perlman, president of the New York Central, that the merger "would be a good deal for both companies." I did not join the Pennsylvania until October 1963, and did not participate in negotiations leading to the merger proposal filed with the Interstate Commerce Commission in March...
...article also states that "Perlman and the Central had said that they would not take the New Haven under any circumstances." So far as I know, neither Mr. Perlman nor his associates at the Central ever took such a position. I regard Mr. Perlman as one of the outstanding railroad executives in the country, and I have the highest admiration for him. He has done a splendid job in revitalizing the New York Central. I am confident that we will work together as a team to make the Penn Central a truly great transportation system...
...your account of the Penn Central merger there is an inference that the New York Central management, and Mr. Perlman in particular, were reluctant partners. This is not the fact...
...director of the New York Central since 1959, I was named by my colleagues in November 1961 to serve as chairman of the committee of the board to negotiate the terms of the merger. These negotiations came about as a result of a telephone call in the fall of 1961 from Mr. Perlman to Mr. James M. Symes, then chairman of the board of the Pennsylvania Railroad, suggesting that the then suspended merger study between the two railroads be resumed. To this suggestion Mr. Symes agreed, and board committees were formed to negotiate the terms. The activities of Mr. Perlman...
...TIME acknowledges that Mr. Perlman labored long and effectively to bring the Central back to its present good health, and that from time to time he did work toward the Pennsy merger. Yet on the basis of intensive research, we remain convinced that he did at various other times evidence reluctance about the get-together with the Pennsy and that he did oppose the inclusion of the New Haven...