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  • Change in Pan Am management?

  • Guilford Rail System changed its name to Pan Am Railways in 2006. Discussion relating to the current operations of the Boston & Maine, the Maine Central, and the Springfield Terminal railroads (as well as the Delaware & Hudson while it was under Guilford control until 1988). Official site can be found here: PANAMRAILWAYS.COM.
It is currently Tue May 07, 2024 1:14 pm

Change in Pan Am management?

Guilford Rail System changed its name to Pan Am Railways in 2006. Discussion relating to the current operations of the Boston & Maine, the Maine Central, and the Springfield Terminal railroads (as well as the Delaware & Hudson while it was under Guilford control until 1988). Official site can be found here: PANAMRAILWAYS.COM.

Moderator: MEC407

Re: Change in Pan Am management?

  by newpylong
 
Engineer Spike wrote:He might be old enough now that he just wants to retire. That does not mean that he can't still be a director at board meetings,nor that he has to sell his interests.
Outside of point #1 here you're probably correct. His stake in the company hasn't gone anywhere. But, his ability to make decisions on railroad operations has been removed.

Re: Change in Pan Am management?

  by Engineer Spike
 
Keeping in mind his stake in the company, I don't know what percentage he owns. If he has a large enough stake, and the other owners, primarily Mellon still value his opinion, he may still make decisions. He may have just retired from day-to-day operations. In director meetings, he could still express his views on how corporate funds are spent, and the general misdirection of the company.
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