Word: perlman
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Deeply disappointed, the Pennsy's new chairman, Stuart Saunders, 54, who had taken over the line on the very day of Orrick's pronouncement, and the Central's President Alfred Perlman denounced the Administration's stand as "impractical and unrealistic." The final decision about the merger is still up to the independent ICC, but the Administration will probably be able to make its stand stick. Before year's end President Kennedy will appoint two new ICC members, thus gaining a majority of supporters on the eleven-man commission before the Pennsy-Central proposal...
...Yard Punch this Wednesday from 3 to 4:30 p.m., there will be a jazz improvisation group. The group will be headed by Tom Kierenon on trumpet; on piana is Alan Perlman; on drums is Phil Manfredi; there will also be a bass player...
...order to launch the new line. Central directors will name the president-chief administrative officer of the new road plus a second vice chairman. As a gesture to the Pennsy, Central directors seem ready to tap as president Allen Greenough, 56, currently president of the Pennsylvania. Central President Alfred Perlman, 59, a tough operating man but less effective in administration and not too highly regarded at the Pennsy, seems slated for a vice chairmanship...
...Norfolk & Western (of which it owns 32.7%) and the Nickel Plate; 2) after a titanic proxy fight, control of Alleghany Corp.-the holding company that controls the Central-passed from Robert Young's associate, Financier Allan P. Kirby to the Texas brothers, Clint and John Murchison, and Perlman found himself working for new bosses who insisted that the solution to the problems of the Eastern railroads lay in merger. Reopening negotiations, the two lines called in a trio of prestigious investment banking houses-Morgan, Stanley & Co., the First Boston Corp. and Glore, Forgan & Co.-which spent two months digging...
...turning point for Perlman and the Central apparently came when John and Clint Murchison (TIME cover, June 16) took over Alleghany Corp., which controls the Central. As late as last September 20 Perlman was still proudly refusing Pennsy offers to share a roadbed with the Central. But between the mounting financial difficulties and the persuasion of John Murchison, a strong believer that mergers offer the Eastern railroads their best hope of profitability, Perlman finally had little choice but to accede to a shotgun marriage. At a casual glance, the proposed wedding might look like a pooling of weaknesses; the Central...