Word: menke
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Dates: during 1965-1965
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Making railroads pay has long been one of the toughest challenges a U.S. businessman can face. Last week two executives who have been uncommonly successful in meeting that challenge moved on to new and bigger jobs. Louis W. Menk, 47, will leave the $100,000-a-year presidency and board chairman ship of the St. Louis-San Francisco Railway Co. to take over as president and chief executive of the Chicago, Burlington & Quincy Railroad Co., succeeding Harry C. Murphy, who is retiring at 73. Jack E. Gilliland, 56, who has been a vice president of the Frisco since 1958, will...
...Menk got into railroading as a telegraph messenger when he was 19, be came president of the Frisco in 1962. By cutting back passenger service and automating freight yards, he raised earnings to an eight-year high of $7,123,356 last year - a performance that won him the attention of Burlington directors. In moving to the larger Burlington (8,546 miles of track v. the Frisco's 5,054), Menk measurably increases his challenge. Though the road's freight and passenger revenues rose last year, income fell $1,012,306 to $20.3 million, is down another...
...Like Menk, Gilliland looks to computers as a vital tool for further streamlining operations. The management itself is already streamlined. Frisco executives are young (average age: 45). Gilliland started as an office boy for the Santa Fe when he was only 14 and, despite five years of night school, never earned a college degree. These days most future Frisco executives come to the railroad straight out of college...
...rejected the predestination and the Biblical inerrancy that are the confession's basis. But United Presbyterian pastors must take an ordination oath to "sincerely receive and adopt the Confession of Faith and Catechisms," even though most do so with declared reservations. The result, says Boston Pastor Sidney Menk, is "schizophrenic" for many. In 1958, the United Presbyterian Church appointed the Dowey committee to update the confessional beliefs...