As son of the late Frederic C. Dumaine, ironhanded boss of the New York, New Haven & Hartford Railroad, Frederic C. ("Buck") Dumaine Jr. referred to himself as "Dad's errand boy." Last week 48-year-old Buck Dumaine got a more impressive title. The New Haven's board of directors elected him to his late father's job as president and board chairman of the $429.6 million road.

No one knows more about his father's business than Buck Dumaine. He went to work for his father after graduating from Connecticut's Pomfret School in 1923. When Dumaine the Elder quietly took over a controlling interest in...

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