Word: perlman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...merger announcement obliged Central President Alfred E. Perlman to swallow a large mouthful of crow and offered Pennsy Chairman James M. Symes (pronounced Sims) a rare kind of satisfaction. The two roads first began to talk merger in 1957, but two years later, just as they were about to settle on terms, Perlman coldly called the whole thing off. Said he: "Before we marry the girl, we want to make sure no other heiress is around that might fall into...
...major roads actually rolled $110 million in the red in the first half of 1961. Overall, the 107 Class One U.S. railroads last year earned barely 2% on invested capital-less than during Depression years. The hapless New York, New Haven & Hartford is already in bankruptcy. And President Alfred Perlman of the giant New York Central predicts a similar fate for his line unless it is permitted to merge into an even larger Eastern system...
...recommendation was a major victory for the C. & 0. President Walter Touhy, who last month flew to Switzerland, spent nine days pleading his case. Central President Alfred E. Perlman, apparently more confident of victory, made a tactical error: he merely sent his financial vice president, Walter Grant, who spent four days talking to the bankers...
When word of the banks' memo reached Perlman, he hurriedly called a press conference in the Central's stodgy board room. He announced that he would fly to Switzerland to "correct certain errors" in the banks' thinking. Perlman, who has been a few steps behind fast-moving Walter Touhy since the merger talks started, may not be able to make up the lost ground. The C. & O. already has an estimated 10% of the B. & O.'s stock pledged to it, is reported to have the promise of another 20% from B. & O. investors...
Died. Philip Benjamin Perlman, 70, Maryland lawyer, newspaperman (onetime Baltimore Evening Sun city editor and prank-playing crony of H. L. Mencken) and Democratic politician, who from 1947 to 1952 as workhorse Solicitor General of the U.S. personally won an unprecedented 49 cases before the Supreme Court but lost his most famous one, defense of President Truman's 1952 seizure of the steel industry; of heart disease; in Washington. An energetic fighter for civil rights. Perlman was co-chairman of the Platform Committee at last month's Democratic Convention...