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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 Corporate Relationship

The Corporate Relationship

Chapter:
(p.84) 6 The Corporate Relationship
Source:
Union Pacific
Author(s):

Maury Klein

Publisher:
Oxford University Press
DOI:10.1093/acprof:osobl/9780195369892.003.0008

This chapter describes the changes in Union Pacific Railroad's corporate relationship during the 1970s. The worlds of the corporate boardroom and the railroad's management were each insular in its own way and largely separate until the most profound transformation of the railroad industry in history pushed them toward convergence. By 1970 the structure of their relationship had been formalized in the form of Union Pacific Corporation. Each of its operating companies had its own management team and ran its own operation except for treasury and tax functions, which remained with the corporate staff. The railroad was no longer the entity; it was one among several within the corporate umbrella.

Keywords:   corporate relationship, Union Pacific Railroad, boardroom, management, railroad industry, Union Pacific Corporation, operating companies

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