>>1233925god, these guys make Penn Central look like it was well-managed. I mean at least the people at PC actually TRIED to run a railroad. The Milwaukee people were either inordinately stupid or actively malicious!
I mean, their employees fucking knew they could do a better job and tried to buy it off them - and they STILL wouldn't do it.
My guess it was a failed asset strip. Some bigwig probably bought into the "trains are obsolete" meme, and wanted to get at the land without actually keeping the railroad.
