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The Wreck of the Penn Central - Joseph R. Daughen
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The Wreck of the Penn Central - Joseph R. Daughen

Brand: Joseph R. Daughen · Categorie: Business & Economics · Actualizat: 02.06.2026 03:05

276,28 lei306,98 lei

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Pe scurt: It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the…

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It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen. The Wreck of the Penn Central provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.

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