History
The original Seibu Railway was founded in 1894 and began service on the Kawagoe Railway line between Kokubunji and Kawagoe that December. In the following years, Seibu built and operated a number of other lines based around Shinjuku. In 1943, the company merged into the Musashino Railway company, which had been operating an Ikebukuro - Hanno line since 1915. Musashino Railway renamed itself to Seibu Railway following the merger. The former Seibu network based around Shinjuku and the former Musashino network based around Ikebukuro remain operationally separated today.
On December 21, 2005, Seibu Railway shareholders voted to remove control of the railroad from Kokudo Corporation and Yoshiaki Tsutsumi who received prison sentences in October for insider trading. The reorganization, completed in February 2006, created Seibu Holdings, Inc., to act as a holding company for both the railway and Prince Hotels. The largest shareholder is United States-based Cerberus Group with a 29.9% share of the new company.
Read more about this topic: Seibu Railway
Famous quotes containing the word history:
“He wrote in prison, not a History of the World, like Raleigh, but an American book which I think will live longer than that. I do not know of such words, uttered under such circumstances, and so copiously withal, in Roman or English or any history.”
—Henry David Thoreau (1817–1862)
“Every member of the family of the future will be a producer of some kind and in some degree. The only one who will have the right of exemption will be the mother ...”
—Ruth C. D. Havens, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)
“When the landscape buckles and jerks around, when a dust column of debris rises from the collapse of a block of buildings on bodies that could have been your own, when the staves of history fall awry and the barrel of time bursts apart, some turn to prayer, some to poetry: words in the memory, a stained book carried close to the body, the notebook scribbled by hand—a center of gravity.”
—Adrienne Rich (b. 1929)