Benjamin W. Heineman American
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Benjamin W. Heineman is a member of the following lists: University of Michigan alumni, 1914 births and American business biography, 1910s birth stubs.
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Details
| First Name |
Benjamin
|
| Middle Name |
W.
|
| Last Name |
Heineman
|
| Birthday |
10th February, 1914
|
| Died |
5th August, 2012
|
| Zodiac Sign |
Aquarius
|
| Nationality |
American
|
Benjamin W. Heineman (February 10, 1914 – August 5, 2012) was an attorney and American railroad executive. Heineman first attended the University of Michigan (1930-1933), and later attended Northwestern's school of law.
He first gained attention in the railroad industry in 1954, when he orchestrated a successful proxy battle for control of the Minneapolis and St. Louis Railway. He became president of the 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.
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