Word: perlman
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Dates: during 1950-1959
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...SAMUEL PERLMAN...
First business was to elect Young their new chairman - at $1 a year. Next they named Alfred E. Perlman, 51, executive vice president of the Denver & Rio Grande Western, as the Central's new president (TIME, June 7) and chief executive officer.-Take a Chance. Young and Perlman had met for the first time only 20 days before. But Perlman had been carefully scouted much earlier by Thomas J. Deegan, vice president of Alleghany and, as Young's righthand man, director of the campaign for Central proxies. As second in command (under Judge Wilson McCarthy) of the middle...
What will Perlman do with the Central? Disregarding for the moment Young's high-flown proposals, such as the lightweight Train X, roller bearings and refrigerated cars, he says he will first "spend six months getting acquainted Those present: Allan P. Kirby, Young's side, kick and president of Alleghany Corp.; Earl E. T. Smith, New York Stock Exchange member and former husband of a descendant of Cornelius Vanderbilt; Dr. R. Walter Graham, Baltimore physician; William Landers of Utica, retired Central engineer; D. E. Taylor, president of West India Fruit and Steamship Co. of Norfolk, Va.; Frederick Lewisohn...
...shakeup of the Central staff, is not even bringing along his own private secretary. Instead, among the Central's 100,000 employees, he wants to find a team to help him "build a good foundation for the railroad." Try Research. A graduate of the Massachusetts Institute of Technology, Perlman got his start in railroading as an engine-wiper before moving into the engineering end of the business. After a stint in the RFC's railroad division and at the Burlington, he joined the bankrupt...
...research, Perlman saved the road $1,000,000 a year by a scientific check on fuels and oil, e.g., he stopped changing oil in his diesels after he found that changes increased engine wear. Another $750,000 was saved by mechanizing track maintenance as far back as 1936, a step that the Central first took last year...