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Stuart T. Saunders Dies at 77; Former Head of Penn Central
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Stuart Thomas Saunders, 77, a lawyer by training who headed the
Penn Central, America's largest railroad for six years, and who had
been president of the Norfolk & Western Railway before that, died
Feb. 7 at a hospital in Richmond after an apparent heart attack. He
lived in Richmond.
Mr. Saunders was named head of the Pennsylvania Railroad in 1964
and guided its merger with the New York Central Railroad to form the
Penn Central Transportation Co. At the time, it was the biggest
consolidation in U.S. corporate history. He was chairman and chief
executive officer of the Penn Central until ...
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