Is "Parent Company" a Misnomer?

[NW Mailing List]

--- 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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