Billionaire Financier Keeps Paychecks Going Out at Damaged Marmaduke Plant - KAIT Jonesboro, AR - Region 8 News, weather, sports

Marmaduke, AR

Billionaire Financier Keeps Paychecks Going Out at Damaged Marmaduke Plant

APRIL 11, 2006 - Posted at 7:40 a.m. CST

 

MARMADUKE, AR - Billionaire financier Carl Icahn is using personal funds to keep paychecks going out to 350 employees idled when a railroad tank-car plant run by one of his companies was shut down after being hit by a tornado last week.  The American Railcar Industries Incorporated plant at Marmaduke in Greene County was damaged in a devastating tornado on April 2.

Icahn told the Arkansas Democrat-Gazette that he decided to use some of his own money to keep employees' pay and benefits intact as what he called a token of his appreciation for the workers' loyalty and work ethic.

No one was killed in Arkansas by tornadoes that touched down in several places in northeast Arkansas that night, but dozens of people were injured at Marmaduke.

As of December, Icahn owned 53 percent of American Railcar shares, and he is chairman of the company.

(The Associated Press contributed to this report.)

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • A Better Region 8: Journalism in schools

    A Better Region 8: Journalism in schools

    Thursday, June 21 2018 7:11 PM EDT2018-06-21 23:11:19 GMT
    Friday, June 22 2018 11:42 AM EDT2018-06-22 15:42:23 GMT
    A Better Region 8A Better Region 8

    Arkansas' public education system is good, really good. But it took a step back this past week when a joint legislative committee voted to remove journalism classes as a required elective in all Arkansas schools.

    Arkansas' public education system is good, really good. But it took a step back this past week when a joint legislative committee voted to remove journalism classes as a required elective in all Arkansas schools.

  • OH woman and minor killed, 4 injured in HWY 412 crash

    OH woman and minor killed, 4 injured in HWY 412 crash

    Thursday, June 21 2018 10:32 PM EDT2018-06-22 02:32:52 GMT
    Friday, June 22 2018 9:47 AM EDT2018-06-22 13:47:43 GMT
    Crash kills 2, injures 4 in Lawrence County (Source: KAIT)Crash kills 2, injures 4 in Lawrence County (Source: KAIT)

    An Ohio woman and a minor died in a Lawrence County crash Thursday night.

    An Ohio woman and a minor died in a Lawrence County crash Thursday night.

  • Kennett Police: Caruthersville, MO woman leaves children in vehicle, arrested

    Kennett Police: Caruthersville, MO woman leaves children in vehicle, arrested

    Friday, June 22 2018 9:24 AM EDT2018-06-22 13:24:35 GMT
    A Kennett woman was arrested on warrants and child endangerment (Source: KFVS)A Kennett woman was arrested on warrants and child endangerment (Source: KFVS)
    A Kennett woman was arrested on warrants and child endangerment (Source: KFVS)A Kennett woman was arrested on warrants and child endangerment (Source: KFVS)

    A Caruthersville, Missouri woman has been arrested after police in Kennett said she left three children unattended in a vehicle.

    A Caruthersville, Missouri woman has been arrested after police in Kennett said she left three children unattended in a vehicle.

Powered by Frankly