2 Responses

  1. Steve says:

    You were quoted today in the Poughkeepsie Journal…

    Read the “Wreck of the Penn Central”, it is a tragic story of railroading, but one that was loved by the Harvard business school as the methods just used by PC keep getting repeated.

    APU, American Premier Underwrites, which is the real estate remains of PC is STILL suing (not sure which appeal this is) Amtrak for 50 million dollars, the amount that APU feels that their Amtrak Stock has been devalued, as if Amtrak was ever set up to make money. Ironically, if I recall correctly, 50 million was PC’s entry fee into Amtrak.

    • Emily says:

      Oh nice, just had to look up that Poughkeepsie Journal article.

      I read the Wreck of the Penn Central quite a while ago… some of the things were monumentally stupid – I think I recall a part where people that knew their recordkeeping was so bad, they were swiping PC’s freight cars, repainting them, and then selling them back to PC or charging rent or something like that. I should probably find my copy and flip through it again some time.

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