Brad.
The NP and GN owned the stock and ELECTED the
Directors (their officers), but the corporate charter
required the Directors to personally be stockholders.
Trust me on this I passed the bar exam once.
John D. Mitchell, Jr.
--- bradslaney@w... wrote:
> Not necessarily. John Budd and Bob MacFarlane as
> officers of the GN and NP
> would be entitled to sit on the CB&Q board without
> owning CB&Q stock
> personally.
>
> There was also a situation where a director of
> Norfolk & Western owned no
> stock but served as a director. The director was
> August Busch. I don't
> recall the specifics, but it had to do with the beer
> business and Virginia
> law.
>
> BRAD
>
> ----- Original Message -----
> From: "John D. Mitchell, Jr." <cbqrr47@y...>
> To: <BRHSlist@yahoogroups.com>
> Sent: Sunday, December 08, 2002 2:58 PM
> Subject: Re: [BRHSlist] Pop Quiz
>
>
> > The Directors of the Corp. were required by law to
> own
> > at least one share, so they had some of the
> publicly
> > held stock.
> > John D. Mitchell, Jr.
> > --- cy svobodny <ctsvobodny@y...> wrote:
> > > Wish I had known back when, that I could
> actually
> > > buy
> > > CB&Q stock. Every time and everyone I asked
> about
> > > it
> > > always refered to Burlington Industries of
> textile
> > > fame. Twin City brokers either didn't know or
> > > wanted
> > > it kept a inside traders secret. The "Q"
> suposidly
> > > paid good dividends, with most of them going to
> the
> > > GN
> > > & NP. Whose dividends were only so-so.
> > > --- Bill Uffelman <ufffam@c...> wrote:
> > > > West Publishing Company is a long time law
> book
> > > > publisher that was
> > > > headquartered in Minneapolis/St Paul MN.
> Probably
> > > > got in via GN stock
> > > > holdings.
> > > >
> > > > Bill Uffelman
> > > > ----- Original Message -----
> > > > From: "Charlie Vlk" <cvlk@a...>
> > > > To: <BRHSlist@yahoogroups.com>
> > > > Sent: Sunday, December 08, 2002 1:20 PM
> > > > Subject: Re: [BRHSlist] Pop Quiz
> > > >
> > > >
> > > > > Okay, who is/was West Publishing and what is
> the
> > > > significance of their
> > > > > holdings? First National I assume was a
> holder
> > > > either through their
> > > > > Equipment Trust business or for individual
> > > > investor trust accounts....
> > > > > Charlie
> > > > > ----- Original Message -----
> > > > > From: <bradslaney@w...>
> > > > > To: <BRHSlist@yahoogroups.com>
> > > > > Sent: Sunday, December 08, 2002 10:19 AM
> > > > > Subject: Re: [BRHSlist] Pop Quiz
> > > > >
> > > > >
> > > > > > I rode the SP&S 700 trip in October and
> had
> > > the
> > > > opportunity to talk with
> > > > > Bob
> > > > > > Downing about the corporate entities
> forming
> > > > BN. One of the benefits
> > > > was
> > > > > > learning the ownership of the CB&Q stock
> not
> > > > owned by GN and NP. This
> > > > is
> > > > > > the breakdown:
> > > > > >
> > > > > > 1/3 First National Bank of Chicago
> > > > > >
> > > > > > 1/3 West Publishing
> > > > > >
> > > > > > 1/3 Publicly held (Small 5, 10 and 20
> share
> > > lots
> > > > for the most part).
> > > > > >
> > > > > > The West Publishing holding was surprising
> to
> > > > me. There might be a
> > > > story
> > > > > > there.
> > > > > >
> > > > > > I also learned from Bob that it was
> relatively
> > > > easy to obtain CB&Q stock
> > > > > > even though it was not listed on any
> exchange.
> > >
> > > > The brokers in Chicago
> > > > > made
> > > > > > a small market among themselves, so if you
> > > > wanted 5 or 10 shares, it was
> > > > > not
> > > > > > too difficult obtain.
> > > > > >
> > > > > > BRAD
> > > >
> > > >
> > >
> > >
> > >
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