Is "Parent Company" a Misnomer?
NW Mailing List
nw-mailing-list at nwhs.org
Tue Oct 9 09:47:26 EDT 2007
--- NW Mailing List <nw-mailing-list at nwhs.org> wrote:
> Jimmy:
> PRR also had a, um, relationship shall we say, with
> Wabash.
> One perk that WAB officers received was PRR stock in
> their
> retirement plan. Some PRR stock had been acquired
> at
> $110 plus. After the 1964 merger, those employees
> now
> working for N&W watched their PRR stock (later PC)
> dwindle
> to the single digits.
>
> Harry Bundy
===================
PRR and Wabash is a different animal, as PRR owned 62%
of Wabash, effectively giving PRR control.
Mark Peele
Catonsville, MD
================================
N&W in N scale
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