Sublime

Next, he required each bidder to submit prices based on material, labor, and other overhead, and even the amount of profit. Under such a system there was no question about costs being kept down, and the savings were tremendous. Instead of being resented, Diehl was very much respected by suppliers, for although their prices were kept in line they we

In Dallas Bob Crandall was jealous and outraged to learn that United was buying the Pacific division of Pan Am—and that he had never been given the opportunity to bid on it. Crandall could not imagine why he had been entirely cut out. In fact Acker and Gitner had considered shopping the routes to Crandall, whose interest in establishing foreign rou

At the time, of course, no one could know the potential value of these securities. On the face of it, the associates had laid out a total of $10 to $11 million and become primary owners of a corporation capitalized at $31,486,000. As the road developed under expert management, though, it naturally increased sharply in value and earned handsome prof

Stephens was the president of the railroad, which was a wholly American-owned stock company with its main office in the old Tontine Building on Wall Street. The capitalization was a million dollars.