Word: perlman
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Dates: during 1950-1959
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...first step, as much as $50 million by the time it extends the new system along its entire New York-Chicago main line. In return, the Central will be able to cut its number of tracks in half, save millions on taxes and maintenance. Says President Perlman: "Through electronics, we are now able to control more traffic faster, better and more economically than ever before...
...Erie, Pa. last week, Alfred E. Perlman, president of the New York Central Railroad, ushered in a new symbol of 20th century progress for his venerable old line. Throwing a switch on a signal box (see cut), he formally opened a new 163-mile, electronically regulated stretch of double track between Cleveland and Buffalo. With the new system, the longest in the U.S., only two men seated before a light-studded control panel at Erie can automatically control all traffic between Cleveland and Buffalo...
...Gale Benton Aydelott, 41, was named executive vice president of the Denver & Rio Grande Railroad (his predecessor was Alfred Perlman, who moved on 18 months ago to become president of Robert R. Young's New York Central). Son of a railroadman and educated at the University of Illinois, Aydelott highballed up through the ranks from laborer to gang foreman and track inspector, became trainmaster in 1943 and general manager last year...
BENNARD B. PERLMAN Baltimore...
...Central's stockholders agreed to pay the bill for the proxy fight, and postponed any decision on cumulative voting by an equally wide margin. Every Central director was re-elected overwhelmingly, and the stockholders also approved a stock option plan for Central President Alfred E. Perlman, by which he can buy 32,000 shares at $19.88 per share, over a period of years, thus stand to net a capital-gain profit of $672,000 (at current prices...