Word: perlman
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...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...
...slump a year ago, made a strong comeback. The first 35 railroads to report had combined earnings that were 77% ahead of last year's first quarter. The New York Central's Board Chairman Robert R. Young announced that in the first quarter, President Alfred Perlman turned in earnings of $11,813,010, compared with a deficit of $473,788 a year ago. Then Young announced a "regular" dividend of 50? a share, the same amount the road paid in January. Other less embattled railroads showed equally good profits. The Santa Fe earned...
...foot back in the door. The adoption of cumulative voting now, said Young, "might invite some of the previous directorate and management, or their numerous and powerful allies, to seek reinstatement with no other purpose than to keep us from achieving our goals." For President Alfred E. Perlman, who has turned in a handsome performance at getting the Central back in the profit column, Young asked the stockholders to okay an option deal that would pay Perlman well for his efforts. Under the plan, Perlman would get options to buy 32,000 shares of Central stock at the market price...