Article on PC after bankruptcy

Discussion relating to the Penn Central, up until its 1976 inclusion in Conrail. Visit the Penn Central Railroad Historical Society for more information.

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carajul
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Joined: Tue Apr 27, 2004 7:40 pm
Location: Philadelphia, PA

Article on PC after bankruptcy

Post by carajul » Wed Aug 07, 2013 3:22 pm

Here is a newspaper article from the early 1980s. It discusses how a guy named Richard Dicker took over the company thru the bk, negotiated with the federal gov for $2.1billion for the sales of the rail property and how they were going to become a diversified conglomerate. It took PC 8 years to earn money again. They were in the hole from 1970 to 1978.

http://news.google.com/newspapers?nid=1 ... 63,4695785" onclick="window.open(this.href);return false;

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