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A commuter himself on the Long Island Rail Road, Davidson listened patiently to quite a few gripes and some tall tales fresh from trackside, then told his colleagues that he was not overly optimistic. Little in the research filed by TIME reporters across the country indicated that complaining commuters were...

Author: /time Magazine | Title: A Letter From The Publisher: Jan. 26, 1968 | 1/26/1968 | See Source »

As Justice Abe Fortas read the 37-page opinion that put an end to ten years of frustrating negotiation and deliberation, the smile on the face of a chunky, balding spectator seemed to light up the marbled chamber. For Stuart Thomas Saunders, 58, the man who has already been picked...

Author: /time Magazine | Title: Railroads: Toward the 21st Century Ltd. | 1/26/1968 | See Source »

It was Saunders, as chairman and chief executive officer of the Pennsylvania, who planned the tactics and organized the arguments that led to one of the largest mergers in corporate history. It was Saunders who held the pieces together during the frequent assaults from competitors concerned about the Penn Central...

Author: /time Magazine | Title: Railroads: Toward the 21st Century Ltd. | 1/26/1968 | See Source »

Envious Hill or Harrimcm. Saunders will be working in tandem with the Central's President Alfred E. Perlman, 65, one of the best operating men in the business; and the two men will be managing a railroad empire to excite the envy of a Hill or a Harriman. The...

Author: /time Magazine | Title: Railroads: Toward the 21st Century Ltd. | 1/26/1968 | See Source »

Saunders moved into the chairman's suite at Pennsy's Philadelphia headquarters only four years ago. He brought with him the bright reputation he had built as president of the Norfolk & Western, which he helped turn into one of the nation's most profitable railroads. He also...

Author: /time Magazine | Title: Railroads: Toward the 21st Century Ltd. | 1/26/1968 | See Source »

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