Word: railroadman
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Dates: during 1960-1969
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ANITA O'KEEFFE YOUNG, widow of Railroadman Robert R. Young, wants to sell her Alleghany Corp. stock to Texas Millionaire Clint W. Murchison for estimated $11 million. Sale of stock, crucial to control of Alleghany, is being temporarily blocked by suit filed by a Young relative. When and if deal is closed, Murchison is expected to ask for at least two seats on Allegheny's nine-man board, put new zip into the company...
...Haven Railroad's President George Alpert, lawyer turned railroadman, at long last decided that one way to cut soaring delays and equipment breakdowns might be to give New Haven veterans a hand at the throttle. Alpert appointed a 24-year employee, Frederick J. Orner, 48, as chief of the road's operations and second in command. Orner, the road's general manager of freight service, had been demoted from assistant vice president in 1956; now he will take over the jobs of two Alpert lieutenants brought in from another road in 1958. Said Orner: "It is fairly...
...widow of battling Railroadman Robert Young resigned in a huff from the board of the multimillion-dollar Alleghany Corp. last week-and thus set the stage for what promises to be 1960's liveliest proxy scrap. Anita O'Keeffe Young,* still ambitious and aggressive at 60-plus, quit to express her opposition to cold, stolid Chairman Allan P. Kirby, 67. It was a bitter end to a 25-year association. Kirby's inherited Woolworth millions had bankrolled Bob Young from the 19305 onward, had put him in command of Alleghany, which controls the New York Central Railroad...