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- Alleghany_Corporation abstract "Alleghany Corporation is an investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984.After the company's 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. After Young's death, his role in NYC management was assumed by his protégé Alfred E. Perlman. Although much had been accomplished to streamline NYC operations, in those tough economic times, mergers with other railroads were seen as the only possible road to financial stability. The most likely suitor became the NYC's former arch-rival Pennsylvania Railroad. During the early 1960s, New York Central negotiated a merger with the Pennsylvania Railroad (PRR), which was led by Stuart T. Saunders after 1963. Saunders had most recently led the Norfolk and Western Railway through a successful expansion through acquisition and mergers including the Virginian Railway, Nickel Plate Road and Wabash Railway. There was great hope that success would result from the NYC-PRR combination. Penn Central Transportation Company was formed by the merger on February 1, 1968. However, the underlying financial weakness of both former railroads, combined with the fact that the ICC forced the chronically weak New Haven Railroad into the system, doomed the Penn Central and bankruptcy was declared shortly a little over 2 years later, on June 21, 1970. Many of the Penn Central railroad assets ended up in Conrail, formed in 1976. The bankruptcy of the Penn Central railroad mostly ended Alleghany's involvement in the railroad business.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.Now Alleghany Corporation focuses on the insurance business (property, casualty, surety and fidelity insurance). Until his death in February 2011, Allan Kirby's son, Fred M. Kirby 2nd, was the chairman of the board and a sometime member of the Forbes 400 list of richest Americans.".
- Alleghany_Corporation foundedBy Van_Sweringen_brothers.
- Alleghany_Corporation foundingYear "1929".
- Alleghany_Corporation location New_York_City.
- Alleghany_Corporation location Times_Square_Tower.
- Alleghany_Corporation type Public_company.
- Alleghany_Corporation wikiPageExternalLink www.alleghany.com.
- Alleghany_Corporation wikiPageExternalLink www.alleghany.com.
- Alleghany_Corporation wikiPageID "381527".
- Alleghany_Corporation wikiPageRevisionID "580482434".
- Alleghany_Corporation foundation "1929".
- Alleghany_Corporation founder Van_Sweringen_brothers.
- Alleghany_Corporation hasPhotoCollection Alleghany_Corporation.
- Alleghany_Corporation homepage www.alleghany.com.
- Alleghany_Corporation industry "Holding company".
- Alleghany_Corporation location New_York_City.
- Alleghany_Corporation location Times_Square_Tower.
- Alleghany_Corporation logo "220".
- Alleghany_Corporation name "Alleghany Corporation".
- Alleghany_Corporation type Public_company.
- Alleghany_Corporation subject Category:Companies_established_in_1929.
- Alleghany_Corporation subject Category:Companies_listed_on_the_New_York_Stock_Exchange.
- Alleghany_Corporation subject Category:Holding_companies_based_in_New_York_City.
- Alleghany_Corporation subject Category:Insurance_companies_based_in_New_York_City.
- Alleghany_Corporation subject Category:Investment_companies_based_in_New_York_City.
- Alleghany_Corporation subject Category:Publicly_traded_companies_based_in_New_York_City.
- Alleghany_Corporation subject Category:United_States_railroad_holding_companies.
- Alleghany_Corporation type Abstraction100002137.
- Alleghany_Corporation type CompaniesEstablishedIn1929.
- Alleghany_Corporation type Company108058098.
- Alleghany_Corporation type FinancialInstitution108054721.
- Alleghany_Corporation type Group100031264.
- Alleghany_Corporation type HoldingCompaniesBasedInNewYorkCity.
- Alleghany_Corporation type HoldingCompany108185369.
- Alleghany_Corporation type Institution108053576.
- Alleghany_Corporation type InsuranceCompaniesBasedInNewYorkCity.
- Alleghany_Corporation type InsuranceCompany108070465.
- Alleghany_Corporation type InvestmentCompaniesBasedInNewYorkCity.
- Alleghany_Corporation type InvestmentCompany108070850.
- Alleghany_Corporation type NondepositoryFinancialInstitution108419984.
- Alleghany_Corporation type Organization108008335.
- Alleghany_Corporation type PubliclyTradedCompaniesBasedInNewYorkCity.
- Alleghany_Corporation type SocialGroup107950920.
- Alleghany_Corporation type YagoLegalActor.
- Alleghany_Corporation type YagoLegalActorGeo.
- Alleghany_Corporation type YagoPermanentlyLocatedEntity.
- Alleghany_Corporation type Agent.
- Alleghany_Corporation type Company.
- Alleghany_Corporation type Organisation.
- Alleghany_Corporation type Organization.
- Alleghany_Corporation type Agent.
- Alleghany_Corporation type SocialPerson.
- Alleghany_Corporation type Thing.
- Alleghany_Corporation comment "Alleghany Corporation is an investment holding company originally created by the railroad entrepreneurs Oris and Mantis Van Sweringen as a holding company for their railroad interests. It was incorporated in 1929 and reincorporated in Delaware in 1984.After the company's 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.".
- Alleghany_Corporation label "Alleghany Corporation".
- Alleghany_Corporation sameAs Alleghany_Corporation.
- Alleghany_Corporation sameAs m.021nhf.
- Alleghany_Corporation sameAs Q151670.
- Alleghany_Corporation sameAs Q151670.
- Alleghany_Corporation sameAs Alleghany_Corporation.
- Alleghany_Corporation wasDerivedFrom Alleghany_Corporation?oldid=580482434.
- Alleghany_Corporation homepage www.alleghany.com.
- Alleghany_Corporation isPrimaryTopicOf Alleghany_Corporation.
- Alleghany_Corporation name "Alleghany Corporation".