JNR Settlement Corporation
The Japanese National Railway Settlement Corporation (日本国有鉄道清算事業団, Nippon Kokuyū Tetsudō Seisan Jigyōdan?), or JNRSC, was a temporary holding company created to distribute the assets of the former Japanese National Railways (JNR) after its privatization in the mid-1980s. The JNRSC was disbanded in 1998 due to its failure to lower debt. Its assets were eventually absorbed by the Japan Railway Construction, Transport and Technology Agency.
Read more about JNR Settlement Corporation: Debt, Reorganization, Significance
Famous quotes containing the words settlement and/or corporation:
“The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...”
—Jane Addams (1860–1935)
“The nearest the modern general or admiral comes to a small-arms encounter of any sort is at a duck hunt in the company of corporation executives at the retreat of Continental Motors, Inc.”
—C. Wright Mills (1916–1962)