Benjamin W. Heineman

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Benjamin W. Heineman (February 10, 1914 – August 5, 2012)

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

double deck "commuter streamliners"
.

Heineman served in various governmental roles in World War Two and was active in politics, working as a speechwriter for

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]

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.
  • 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.
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