2012: E. Hunter Harrison, the former CEO of Canadian National Railway Co. spoke to the first class of the leadership academy of the University of Memphis Intermodal Freight Transportation Institute. A month later, Harrison was named CEO of rival Canadian Pacific Railway Ltd., sparking a legal battle between the two rail giants for the next year over Harrison’s no-compete agreement. The battle ended last month with CP agreeing not to hire a group of more than 100 CN employees until the end of 2016.
1993: Sidney Shlenker agreed to give up his legal fight for control of The Pyramid in a tentative settlement motion filed in U.S. Bankruptcy Court in Memphis. “Basically the cloud of litigation over The Pyramid will be lifted,” said Harris Quinn, the attorney for city and county governments.
1973: National Bank of Commerce installed a new “Teller 24” machine in the lobby of Commerce Square Downtown to demonstrate the new technology billed as an “electronic teller” that allowed customers to conduct bank business 24 hours a day.
1963: Augustus A. Busch of Anheuser-Busch Co. told the annual meeting of the Downtown Association that there is a need for the “protection and stabilization of the so-called central areas of our cities.” “It is self preservation for cities,” Busch said. “But it is also self preservation for the areas which have grown up around the central city area, which is the anchor of the whole community.”