Word: pullmans
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last week Pullman Inc. announced that 55-year-old Steve Early will become one of its vice presidents on June 1. His announced job: car manufacture and sales; no public relations, no lobbying. His salary: "Enough to pay off a few mortgages I've acquired...
...youngish, trust-crunching Wendell Berge, was a greatly annoyed man last week. The reason: no one seemed to be in any hurry to plunk down $81 million for the 7,121 sleeping and parlor cars, the mountains of hand towels, bed sheets, the ten laundries, etc. that Pullman, Inc. had for sale. Until a buyer could be found, the grand finale to one of Berge's most successful antitrust suits could not be written...
Last June, after Berge convinced a fed eral court that Pullman's ownership of its sleeping-car operating company and its car-building subsidiary was a monopoly, the court ordered Pullman to dispose of one or the other...
...expected, Pullman chose to sell its car-operating company and to keep its manufacturing unit, Pullman-Standard Manufacturing Co. Then everyone sat back and waited for the railroads to form an operating company, step in and take over the sleeping cars...
...surprise of everybody in the Department of Justice, the railroads failed to get together. Some big roads (like the Pennsylvania) have indicated that they would like to own and operate their own sleepers, just as they do their coaches. But the smaller railroads are unwilling to buy their own Pullmans. If they do, they would be stuck with a surplus of sleepers when seasonal traffic is light. Thus, five months after Pullman filed its separation plan, Berge last week fumed at the proposal, calling it "unclear and ambiguous." His main objection: Pullman Co. was for sale as a unit...