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[quote]QUOTE: Originally posted by Dick_Lewis 1. The labor unions insisted upon, and the companies agreed to, post-merger lifetime job guarantees that made realization of significant merger labor benefits almost nil. It literally took an act of Congress in the mid-1980's to undo those agreements and allow Conrail to become viable. (Some have irreverently referred to this strategic error as "Saunder's Sell-out," Saunders being the head of the Pennsylvania before merger. The compliant role of Al Perlman, head of NYC, will, I think, always remain a mystery.) [/quote] Thats insane!! Did Saunders walk away with a load of cash? Is this Enron'ish?
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