Financier Robert R. Young this week totted up the final cost of his proxy fight last year for control of the New York Central Railroad. The bill came to $1,300,000 (v. the $100,000 he had "hoped" it would cost). Young disclosed in a letter to stockholders for the Central's annual meeting in May. Although Young had roared loud and long, and even filed suit to stop the Central from using its funds to fight him, now he has changed his mind. He asked Central's shareholders to foot the entire cost of his fight. Said Young: "Your board has been...
To continue reading:
or
Log-In
