FACTOID # 10: The total number of state executions in 2005 was 60: 19 in Texas and 41 elsewhere. The racial split was 19 Black and 41 White.
 
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Encyclopedia > Alleghany Corporation

Alleghany Corporation was incorporated by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their interests.


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.


The company's residual railroad investments led to president and CEO John J. Burns serving on the board of Burlington Northern Santa Fe Corporation from 1995 to 2004.


  Results from FactBites:
 
Y Key Developments: Investing - MSN Money (318 words)
Alleghany Corporation 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.
Alleghany Corporation 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.
Alleghany Corporation 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.
Y Recent stock news - MSN Money (239 words)
Alleghany Corporation (NYSE: Y) announced today 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.
Alleghany Corporation (NYSE:Y) announced today that a dividend of $3.8036 per preferred share will be paid on its 5.75% mandatory convertible preferred stock (the "Preferred Stock") on December 15,...
Stockholders' equity per common share of Alleghany Corporation (NYSE-Y) at September 30, 2006 was $257.15, an increase of 11.0% from stockholders' equity per common share of $231.72 at December 31,...
  More results at FactBites »

 
 

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