Stuart T. Saunders
Stuart Thomas Saunders, Sr. (July 16, 1909 – February 7, 1987) was an American railroad executive best known for his tenure with Penn Central.[1]
Biography
Saunders was born in McDowell, West Virginia, and reared near Bedford, Virginia.[1] He graduated from Roanoke College in 1930 and from Harvard Law School in 1934. He served as chairman of Roanoke's board of trustees, was a trustee of Hollins University, and was a charter trustee of the Virginia Foundation of Independent Colleges, a fundraising entity representing Virginia's private colleges and universities. Saunders, a lawyer by trade, also served as president of the Virginia State Bar from 1951 to 1952.
Norfolk & Western
Saunders served as president of the
Penn Central
Saunders became CEO of PRR in 1963. It was during his term that the iconic Roman-inspired
Of the failed merger, Saunders commented "Because of the many years it took to consummate the merger, the morale of both railroads was badly disrupted and they were faced with unmanageable problems which were insurmountable. In addition to overcoming obstacles, the principal problem was too much governmental regulation and a passenger deficit which amounted to more than $100 million a year."[1]
Saunders appeared on the January 26, 1968 cover of
Death
Saunders died of heart failure in Richmond, Virginia on February 7, 1987. He was 77 years old.[2]
References
- ^ a b c Goldman, Ari L. (February 9, 1987). "Stuart T. Saunders, Driver Force Behind Penn Central, Dies at 77". The New York Times. Retrieved February 5, 2018.
- ^ "Stuart T. Saunders, 77, Former Penn Central Chairman, Dies". Los Angeles Times. February 10, 1987. Retrieved February 5, 2018.