|
|
- NEWSLETTERS
- MOBILE APPS
-
ADD TIME NEWS
Off with Their Heads
(2 of 2)
So far, Fred Dumaine's methods have done little evident damage to the New Haven. In the first half of this year the railroad's passenger revenues were off 9% from 1949not so much as those of its New England competitor, the Boston & Maine; freight revenues' were off 1.4%, only a slightly bigger drop than the B.&M.'s. But railroaders, both in & out of the company, think that the effects of Dumaine's policies will soon be felt. Said one fired official: "The sales force is ruined, and . . . you can bet that the friends of the [dismissed] freight traffic people are going to start shipping on other railroads. Most of us feel sorry for the old man. He's gone through life without having any fununless it's firing people."
*Thus tying the record of Montgomery Ward's Sewell Avery, who lost eleven senior officers and directors within a year (TIME, April 25, 1949 et seq.).
- « PREV PAGE
- 1
- 2
Most Popular »
- Autism Numbers Are Rising. The Question is Why?
- Israel vs. Hizballah: Drumbeats of War
- The Pentagon Prepares for a Missile Attack from 'Iran'
- And the Decade Goes To ...
- Mexico Takes Down a Drug Lord. But Will It Make Any Difference?
- Tech Guide
- The Young Victoria: How a Queen Shapes Her Destiny
- Why You Can't Trust the Press
- Avatar Arrives! Can James Cameron Be King Again?
- Tiger Woods' Sponsors: Will Any Stick by Him?
- Autism Numbers Are Rising. The Question is Why?
- Yemen's Hidden War: Is Iran Causing Trouble?
- Detroit's Last White City Council Member
- Super-Earth: Astronomers Find a Watery New Planet
- GM Keeps Opel, Announces Job Cuts, Angers Germans
- Avatar Arrives! Can James Cameron Be King Again?
- Corliss Appraises Avatar: A World of Wonder
- Parents' Sex Talk with Kids: Too Little, Too Late
- Dwindling Death Penalty: Victim of the Recession?
- Spotlight: Paying for the Afghan War





RSS