Re: What did Krebs do wrong?
Author: Erik H.
Date: 09-18-2016 - 07:18
Ed Workman Wrote:
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> As far as I recall , Krebs was a victim of the
> wall St types who demanded dividends instead of
> investment in plant. Maybe Cock can fill in some
> actual details
My understanding is that Krebs wanted to invest heavily in physical plant - he wasn't allowed to at SP, and he was - at first - at ATSF. But the investors didn't like it and sent the stock price down...so he turned and made the investors happy.
Right now he's got his private little villa in France happily retired. The investors are paid off thanks to Uncle Warren. BNSF is chugging along happily. SP is all but forgotten under UP.