Word: icc
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Dates: during 1940-1949
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With this lollipop in his hand, Bob Young went right back to ICC and asked for more. What he wanted now was the right to vote the 400,000 shares of New York Central stock which the C. & O. has bought since last November. ICC had forced C. & O. to put its New York Central holdings in a voting trust...
...Pleasure. Bob Young accepted, though two directorships would not give him all the voice he wanted in Central. Eventually, he hoped to get enough seats for full control, merge Central with his C. & O. Before Young could even have his two directorships, ICC would have to approve...
Once on Central's board, Young could begin his missionary work to reduce Central's huge debt, step up modernization. But he could not hope to get quick control of Central unless 1) Central's present directors submitted, 2) ICC added its blessing. Last week Central's directors were seriously thinking of making Young board chairman right...
...economy might have come a month earlier except for the anguished cries of Henry J. Kaiser (TIME, March 10) for a freight cut for his Fontana steel plant. This had held up the Geneva reduction. As ICC said that it would continue to study Western freight rates, Westerners guessed that Henry Kaiser might soon get his reduction...
...week's end, on the day before the reduction was to go into effect, the ICC agreed to hold up the rate changes while it investigates. It looked as if the West would not get cheaper steel from Big Steel unless Henry Kaiser got a freight reduction...