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Union PacificThe Reconfiguration: America's Greatest Railroad from 1969 to the Present$
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Maury Klein

Print publication date: 2011

Print ISBN-13: 9780195369892

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:osobl/9780195369892.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 September 2021

The Year of Decisions

The Year of Decisions

Chapter:
(p.110) 8 The Year of Decisions
Source:
Union Pacific
Author(s):

Maury Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195369892.003.0010

This chapter describes 1979 as the year of decisions for Union Pacific Railroad. In July 1979 Andras R. Petery of Morgan Stanley conducted an in-depth analysis of Union Pacific and liked what he saw. He thought its diversity of businesses provided a unique ability to withstand a recession, and its decentralized operating responsibility, coupled with centralized financial controls and planning, made it “one of the few transportation-based concerns with a truly integrated approach to management.” Petery also praised the forward-looking leadership of company president John C. Kenefick that had made the road “an industry leader in strategic planning, marketing, and development of modern information systems.” As 1979 opened, planning continued to hold center stage at Union Pacific headquarters. The management also continued evaluating opportunities for mergers.

Keywords:   mergers, Union Pacific Railroad, Andras R. Petery, planning, management, John C. Kenefick, information systems

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