corporations & abandonments

geode Wrote:
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> Should corporate America be chastised for putting
> profits above sentiment? Naw, Sentiment holds no
> meaning in corporate America.

In fact they are required by law not to be sentimental. Their job is to make the best legal return possible on their investors money. If the investors wish they can, and in some cases have, sue the officers of the corporation for malfeasence if the investors can prove that the officers are making decisions on any other basis than best possible return.

That's the way it works in our system. If you don't like it, get the rules changed but don't blame the guys who are just doing their job the way they are required to!

Personally, I think there should have been a law passed to require the sale, at scrap price, of any abandoned railroad line (+ nessecary trackage rights for cases like the Sapinero-Cedar Creek line in '49) to anybody who could come up with the $$$. But there wasn't and the nation is going to be hurting for some of the lines abandoned over the last 70 years. Consider the future of Gunnison as the price of gas keeps going up, for example.

hank