Railroads: Much-Wanted Talent

Mergers are becoming so common among U.S. railroads that planning and executing them have become necessary talents for rail executives. Looking around for a new boss to fill the post that has been vacant since the death of Chairman J. D. Farrington three years ago, the directors of the Chicago, Rock Island & Pacific Railroad particularly wanted a man who was savvy about mergers. Reason: the Rock Island not only wants to merge with the larger Union Pacific, which last week made a new offer to Rock Island stockholders, but is also fighting off a takeover bid by the Chicago...

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