After their bankruptcy in the Great Depression, control of the company fell into the hands of Robert Ralph Young and Allan Price Kirby. Young used the company as a vehicle for his vendetta against the J.P. Morgan banking interests, who had financed the Van Sweringens, and managed to defeat them and the Vanderbilt interests in a 1954 proxy fight for the New York Central Railroad. The failing New York Central was in worse shape than Young had bargained for, and he committed suicide shortly after being forced to suspend the dividend in January 1958.
The bankruptcy of the Penn Central railroad mostly ended Alleghany's involvement in the railroad business, but it has continued to this day with other investments. Allan Kirby's son, Fred M. Kirby 2nd, is chairman of the board and a sometime member of the Forbes 400 list of richest Americans.
AlleghanyCorporation announced that F.M. Kirby, Chairman of the Board of Directors of Alleghany, has elected to retire as a Director and Chairman effective at the end of 2006.
AlleghanyCorporation announced that a dividend of $3.8036 per preferred share will be paid on its 5.75% mandatory convertible preferred stock on December 15, 2006, to holders of record on December 1, 2006.
AlleghanyCorporation announced that a dividend of $3.4655 per preferred share will be paid on its 5.75% mandatory convertible preferred stock on September 15, 2006 to holders of record on September 1, 2006.
Share your thoughts, questions and commentary here
Want to know more? Search encyclopedia, statistics and forums:
Press Releases |
The Wikipedia article included on this page is licensed under the
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m