Cyrus Eaton is one of the most contradictory figures in U.S. business: an archetypal capitalist worth more than $150 million, he regularly visits Communist capitals from Havana to Hanoi in an attempt to promote East-West détente. He has made the Cleveland-based Chesapeake& Ohio one of the few profitable railroads in the country; last year it doubled its earnings, to $60 million. Eaton, at 89, talks and acts as though he plans to stay active in business forever—and lately that ambition has become all too painfully believable for his impatient corporate colonels. Last...
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