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Benjamin W. Heineman

From Wikipedia, the free encyclopedia

Benjamin W. Heineman (February 10, 1914 – August 5, 2012)[1] was an attorney and American railroad executive. Heineman first attended the University of Michigan (1930-1933), and later attended Northwestern's school of law. He first gained attention in the railroad industry in 1954, when he orchestrated a successful proxy battle for control of the Minneapolis and St. Louis Railway. He became president of the Chicago and North Western Railway (CNW) in 1956, leading the railroad through a series of difficult cost-cutting measures that returned the railroad to solvency. One of the measures he instituted was to sell shares in the railroad to the railroad's own employees, prompting the "Employee Owned" inscription in the railroad's logo. This process was consummated in 1972, at which time Larry Provo succeeded Heineman as president of the company. Heineman remained in charge of the holding company Northwest Industries (owner of Fruit of the Loom, Acme Boots, and Velsicol Chemical Corporation) until 1985. He was elected to the American Philosophical Society in 2011.[2]

Heineman is noted in the history of Chicago, Illinois, for replacing all the steam locomotives which brought passenger trains into North Western Station with diesel locomotives, in one day in 1956, in response to a complaint by Mayor Richard J. Daley about smoke and fumes emanating from the station. Heineman also replaced the North Western's entire passenger rolling stock used for commuter services with double deck "commuter streamliners".

Heineman served in various governmental roles in World War Two and was active in politics, working as a speechwriter for Adlai Stevenson in 1952, Chairman of the White House Conference on Civil Rights during the administration of Lyndon Johnson and Chairman of the Illinois Board of Higher Education. Heineman turned down several offers from President Johnson to serve in high-ranking positions including Budget Director and UN Ambassador, but remained an informal advisor.[3]

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Transcription

References

  • Chicago and North Western Historical Society, Chicago & North Western - A Capsule History Archived 2016-05-22 at the Wayback Machine. Retrieved March 15, 2005.
  • White, John H. Jr. (Spring 1986). "America's Most Noteworthy Railroaders". Railroad History. 154: 9–15. ISSN 0090-7847. JSTOR 43523785. OCLC 1785797.
  1. ^ Benjamin W. Heineman's obituary
  2. ^ "APS Member History". search.amphilsoc.org. Retrieved 2021-04-02.
  3. ^ Grady, Denise (10 August 2012). "Ben Heineman, Multifaceted Businessman, Dies at 98". The New York Times.
This page was last edited on 9 September 2023, at 22:19
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