Central time, Ryan and Greenberg's $385 million cash bid was declared the winner when Mark Cuban, the flamboyant Dallas Mavericks owner, and Jim Crane, a Houston freight executive, said they had reached their limit and would go no further.
At 12 45 a.m., Central time, Ryan and Greenberg's $385 million cash bid was declared the winner when Mark Cuban, the flamboyant Dallas Mavericks owner, and Jim Crane, a Houston freight executive, said they had reached their limit and would go no further.
Crane, a Houston freight executive, was viewed by creditors to the Rangers as the higher and preferable bidder for that team when it was auctioned last year in federal bankruptcy court.
By the time he had financed his second opera, though, people in the expatriate community here began to realize that Mr. Chan was more than a freight forwarding executive with an enthusiasm for the arts.
"You have to think long and hard about how long you can pay full freight," said Susan Beacham, chief executive of Money Savvy Generation, a consultant, who lives in Illinois.
Both freight lines are led by executives determined to drag American railroads into a new era.
Not only did its chairman, Louis W. Menk, sit on Amtrak's board, along with two executives from other freight railroads, but Burlington Northern also owned about 3.3 million shares of Amtrak's common stock, which it obtained in exchange for giving Amtrak rail equipment.
Manny had a distinguished career as an executive in the freight forwarding industry in New York City; he was very proud of his service in the US Navy in the Phillipines.
Eric Smidt, chairman and chief executive of Harbor Freight Tools, has sold an estate in the desirable Beverly Park area of Beverly Hills for $39.9 million.
His father is the chief executive of CTII Worldwide, a freight forwarding company there.
