Saturday, June 27, 2009

What do D&RGW, SP, UP and the late Michael Jackson have in common?

Received the following via email.

Michael Jackson's death leaves AEG in the lurch

"The death of Michael Jackson came just weeks before he was to start a series of comeback concerts that the onetime King of Pop hoped would relaunch his career and straighten out his finances. Now concert promoter AEG Live is left in the lurch. The company, which is owned by reclusive media mogul Philip Anschutz, had shelled out more than $20 million on the concerts."

"In 1984, he [Anschutz] entered the railroad business by purchasing the Rio Grande Railroad's holding company, Rio Grande Industries. Four years later, in 1988, the Rio Grande Railroad purchased the Southern Pacific Railroad under his direction. With the merger of the Southern Pacific and Union Pacific Corporation in September 1996, Anschutz became Vice-Chairman of Union Pacific."