OTHER NEWS - Aug. 10, 1994
Greyhound Lines’ CEO Resigns: Frank J. Schmieder left the nationwide bus transport company amid rising unrest among shareholders. Greyhound named Thomas Plaskett, a member of the board and a former chief executive of Pan Am Corp., its acting chief executive and president. Shareholders in the Dallas-based company, which emerged from Chapter 11 bankruptcy protection in October, 1991, have protested worsening losses and a plunging stock price in recent months. Connor, Clark & Co., which owns 18.31% of Greyhound’s stock, informed the Securities and Exchange Commission last week that it was seeking seats on the Greyhound board and wanted Schmieder out. The resignation was announced after stock markets closed.
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