Word: railroads
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...Southern Pacific railways was a done deal. Well, almost done. After pondering the matter for 2 1/2 years, the Interstate Commerce Commission unexpectedly rejected the merger last week, declaring that it would be anti-competitive. Had the deal been approved, Santa Fe Southern would have become the third largest railroad in track miles (25,000), behind Burlington Northern...
Born almost embarrassingly rich, W. Averell Harriman (Groton '09, Yale '13) could easily have idled his life away as a dilettante without appreciably denting his family fortune. Yet Harriman, who died last week at 94, always heeded the command of his father, Railroad Magnate E.H. Harriman, to "be something and somebody...
Harriman could hardly have been more removed from the ordinary man. He first saw the American West from his father's private railroad car, and was taught to row on the family's private lake by Syracuse University's crew coach, whom his father had hired for that purpose. As a Yale senior, Harriman was elected to the board of the Union Pacific Railroad; at 28, he founded his own investment bank, which subsequently became a part of Brown Brothers Harriman...
...Texas. But the soil was indeed ideal for corn, and in the three centuries since, that cultivated cousin of the tallgrasses has thrived. Only a few patches of the original tallgrass prairie are left, many of them scattered across the country in such small plots as old cemeteries and railroad rights-of-way. Seventeen prairie preserves in Iowa, for example, have a total of only 1,400 acres...
...William Allen and T.A. Wilson, who took over as chairman in 1972. Wilson, like Allen before him, has run a tough, efficient operation with very few frills. While many Seattle offices look out on picturesque Puget Sound and snowcapped Mount Rainier, Boeing's corporate headquarters faces a railroad track and an airstrip in a grimy industrial zone. A down-to-earth Missourian, Wilson, 65, has been known to drop in on the machinists' annual Christmas party with one of his wife's pecan pies. During the airline-industry slump in the early 1970s, however, he did not hesitate...