[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Re: PC: Another Penn Central Book.
- Subject: Re: PC: Another Penn Central Book.
- From: "Steve Hipes" <sthipes@xxxxxxxxxxx>
- Date: Tue, 02 Mar 2004 02:42:24 +0000
Gary Farmer wrote ..
>>I disagree with Saunders, Perlman & Bevan being the cause of the problem.
>my opinion, they are easy scapegoats. I put PC's failure was squarely on
>shoulders of the goverment and the punitive rail policies of the era (not
>solely, but it was the biggest factor).
I absolutley agree with you Gary, that government rail policy was perhaps
the biggest cause of PC's failure. Had the post-Staggers climate existed in
the 1950s or 1960s, the whole northeastern scene would have been different.
Regulation, forced passenger losse due to government subsidies to airports
and highways, unworkable labor deals, all of which the government had its
fingers in, were all factors in bringing PC down.
You must also consider economic factors such as the migration of industry
out of the northeast and midwest to the Sunbelt, especially the right to
work states and the beginning stages of the "I want it now" demand for
consumer goods". Here is where the railroads added self inflicted wounds to
the deep cuts brought on by the government's rail policy.
BUT, its not fair to just write off Stu, Al and Diamond Dave as scapegoats.
All were guilty of doing their fair share of damage instead of damage
control. There is a line I remember about Saunders, can't cite the source
(not good for a librarian!) that went like this....the difference between an
amateur and a pro is that a pro will walk away from a deal that is not a
good one. Saunders wanted the merger too badly to see it wasn't a good
deal....the job for life deal with labor, accepting the New Haven, giving in
to the demands of the competing roads for traffic protection. How did such
a good actor pick such a bad role...or something like that. Then consider
that both Stu and Dave lied to their board of directors, their shareholders,
their bankers...hummmm. Oh yeah, PC's Big 3 shared the guilt but yes, may
have been forced into doing those things by a government that was unwilling
or unable to see the problem.
Sorry for the run on but this is just one of those topics that is
fascinating to debate and wonder what if.....
partially agree with you Gary in that PC's Big 3 (Stu, Al and Diamond Dave)
Learn how to help protect your privacy and prevent fraud online at Tech
Hacks & Scams. http://special.msn.com/msnbc/techsafety.armx
Main Index |