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A conversation with Carolyn Mellon,Owners of Banks Steel Mills and oh yeah a Railroad (B&M Guilford)
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The point here is that the people who OWN the railroads Eh The Investors and Trust funders and Pension Plans have little to do with the actual management and running the railroad eh the CEOs,Line Forman,Yardmasters,Conducters. The Railroad is not like the family owned Italian Restarente down the street from me where the son takes the the orders and the father does the accounting and mom makes the pizza dough... <br />We have investors and shareholders who live off the work of others who have made there money many times over and if they dont like what is going on( and know that it is going downhill with the company they just sell there stock to another sucker instead of going down and making it work. heck most shareholders dont even fill out there proxy statements or attend shareholder meetings. <br />At the marina where is work at the trash can often has proxy statements from the yaght owners that pull up.
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