Word: langdons
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...only wants to merge with the larger Union Pacific, which last week made a new offer to Rock Island stockholders, but is also fighting off a takeover bid by the Chicago & Northwestern. Last week the directors picked a man who seemed ideal for the job: Third-Generation Railroader Jervis Langdon Jr., 59, who fought off New York Central incursions in 1961 as president of the Baltimore & Ohio, then went on to merge the B. & O. with the Chesapeake & Ohio...
...Langdon is more than willing to highball west. Though he has expertly swung the B. & O. from a $31 million deficit three years ago to anticipated earnings of $10 million this year, he had a limited future in the combined C. & O.-B. & O. In another round of management shuffles earlier this year, C. & O. Vice President Gregory S. DeVine took over the presidency, as Walter J. Tuohy moved up to vice chairman and chief executive officer (Cleveland's Cyrus S. Eaton remains chairman). DeVine will eventually head both railroads when the physical merger is complete...
Thus passed over, Langdon was anxious to relinquish the B. & O. presidency, which was taken over temporarily last week by Tuohy. From his new position as Rock Island chairman, however, Langdon could end up running the big Union Pacific if the Rock Island merges with it. Langdon is highly regarded in rail circles, and both Union Pacific President Arthur E. Stoddard and Chairman E. Roland Harriman are approaching the road's retirement...
...president of the Baltimore & Ohio Railroad, Jervis Langdon Jr., 59, is a realist as well as a third-generation railroader: he takes a train out on business trips but flies home to save time. To tempt other businessmen to ride the rails at least one way, Langdon's B. & O. last week announced a 31% cut in some first-class fares between Eastern cities and the Midwest. If the lure fails, the B. & O. will move to end its money-losing passenger service. This kind of pragmatism, coupled with assistance from the Chesapeake & Ohio that controls...
With warm response from schoolmasters all over Britain, Langdon-Davies aims to visualize and dramatize "living history with its news sheets and battle plans, its surprises and disasters, presented in authentic detail." With his first kits a sellout, he plans new ones (possibly to be published in the U.S.) on everything from the Battle of Agincourt to the Boston Tea Party, from the Irish famine to the Battle of Britain...