Complex sentence: Perlman's cost cutting during the 50's and 60's put the NYC in a more financially healthy situation then the PRR, nevertheless, the ICC, with urging by PRR president Stuart Saunders, wanted the PRR absorb the NYC.
Split into simpler sentences: Perlman's cost cutting during the 50's and 60's put the NYC in a more financially healthy situation than the PRR. Nevertheless, the ICC, with urging by PRR president Stuart Saunders, wanted the PRR absorb the NYC.