Railroads: Working for a Different Johnson

Two years ago, Alan S. Boyd refused an offer to head the Association of American Railroads and accepted in stead Lyndon Johnson's appointment as the first U.S. Secretary of Transportation. Last week Boyd joined the rail roads after all — under a different Johnson. He took the post of president of the Illinois Central Railroad, succeeding William B. Johnson, 50, who will be come chairman while remaining chief executive. "W.B.J.," as he is known around the railroad's Chicago headquarters, will also continue to head the parent Illinois Central Industries. It is a holding company that owns more than $200...

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