Re: PC: Another Penn Central Book.

["Gary Farmer" <gary@xxxxxxxxxx>]

>I'm amazed that they were able to keep the mess afloat as long as they did,
waiting for a turnaround in the industry that >didn't come because it took
something as big as the Penn Central failure to wake up the government

I think you have made an excellent point here Bryan.
PC saved PRR & NYC the embarrassment of having to go through bankruptcy
individually by each having a scapegoat in the other. The end was near- very
near- for both.

Gary

----- Original Message -----
From: <w8ln -AT- juno.com>
To: <penn-central -AT- smellycat.com>
Sent: Monday, March 01, 2004 1:45 PM
Subject: Re: PC: Another Penn Central Book.


>
> > Why? Could other mananagent have done better?
>
> > I disagree with Saunders, Perlman & Bevan being the cause of the
problem. In my opinion, they are easy scapegoats. I put PC's failure was
squarely on the shoulders of the goverment and the punitive rail policies of
the era (not solely, but it was the biggest factor).
>
> Amen. While Bevan is not highly regarded, Saunders and Perlman are
generally recognized as some of the eras top leaders. Perlman especially was
regarded as an innovator before and after Penn Central. Saunders is the only
person recognized as Railroader of the Year twice by Railway Age.
>
> I'm amazed that they were able to keep the mess afloat as long as they
did, waiting for a turnaround in the industry that didn't come because it
took something as big as the Penn Central failure to wake up the government.
>
> Bryan Turner
>
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