Word: conrail
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Dates: during 1980-1989
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...wreck was the bloodiest in Amtrak's history. On Jan. 4, 1987, a string of Conrail locomotives rolled past warning signals near Baltimore and collided with a high-speed passenger train carrying more than 600 people. The fiery crash killed 16 and injured 176. Public dismay turned to anger when it was revealed that engineer Ricky Gates had been smoking marijuana at the controls of the Conrail train. Gates admitted the drug use and pleaded guilty to manslaughter after a urine test, required by the Government of railroad employees involved in serious accidents, revealed traces of marijuana. The tragedy fueled...
This fall, Baldwin will teach a seminar onempirical approaches to corporate finance, and inthe spring she will lead a seminar on the theoryof corporate finance. She is currently writing apaper with the working title: "Selling GovernmentAssets: the Lessons of Conrail," which deals withthe government's auctioning of the then-newlyprofitable railroad...
INDICTED. Ricky L. Gates, 32, engineer of the Conrail locomotives that collided with an Amtrak passenger train in Maryland last January, killing 16 and injuring 175, the worst wreck in Amtrak's history; on 16 counts of manslaughter, punishable by up to five years in prison and a $1,000 fine on each count; in Towson...
...stock offerings in the news last week gave investors an interesting choice: Coal or diamonds, Conrail or Tiffany...
...part of President Reagan's privatization drive, the Government sold 85% of Conrail, the freight line that hauls everything from coal to cars. The $1.65 billion stock issue, priced at $28 a share, was the largest initial public offering in U.S. history. Wall Street gave the stock a green light: on the first day of trading, Conrail was the Big Board's most active issue. By week's end shares closed...