Richard K. Davidson

DEFINITION of 'Richard K. Davidson'

A former CEO and chairman of North American railroad franchise Union Pacific Corporation, the parent company of Union Pacific Railroad. Davidson was chairman of Union Pacific Corp. from 1997 to 2007 and CEO from 1997 to 2006. James R. Young succeeded him as CEO in 2006 and Davidson became a board member of U.S. oil and natural gas company Chesapeake Energy Corp. Davidson has also been on the boards of the Greater Omaha Chamber of Commerce, Creighton University, Kroger, The Association of American Railroads and the Capital Visitors Center. He has also been the chairman of the President's National Infrastructure Advisory Council. Davidson was inducted to the Nebraska Business Hall of Fame in 2004.

BREAKING DOWN 'Richard K. Davidson'

Born in 1942 in Kansas, Davidson began his career with Missouri Pacific Railroad in 1960 as a brakeman and conductor, using the money to put himself through college. He graduated from Kansas's Washburn University in 1966 and worked his way up to become Missouri Pacific's vice president of operations in 1976. Through the merger of Missouri Pacific and Union Pacific, Davidson joined Union Pacific Railroad in 1982. As CEO, he got the company back on track after it experienced a transportation crisis in 1997 following its takeover of Southern Pacific. The company's stock price plummeted, but Davidson updated the company's information systems, added new services and decentralized operations to help Union Pacific recover and thrive.



RELATED TERMS
  1. Pacific Rim

    A geographic area surrounding the edges of the Pacific Ocean. ...
  2. Credit Union

    Member-owned financial co-operative. These institutions are created ...
  3. Jacob Schiff

    A banker and philanthropist who directed the National City Bank ...
  4. Federal Credit Union - FCU

    A credit union chartered and supervised by the National Credit ...
  5. National Association Of Federal ...

    An industry trade group founded in 1967 that represents federal ...
  6. Organized Labor

    An association of workers united as a single, representative ...
Related Articles
  1. Markets

    Is Union Pacific Still A Good Dividend Stock?

    It is impossible for a competitor to secure enough right-of-way real estate and cost advantages to compete with U.S. Class I railroads, like Union Pacific.
  2. Markets

    The Top Five Public Railroad Stocks in the U.S.

    We offer a breakdown of the seven Class I railroads in North America based on their annual revenues.
  3. Investing

    Canadian Pacific Trades Ex-Dividend Wednesday (CP)

    Canadian Pacific will send its dividend payment on July 25 to shareholders of record as of June 24.
  4. Markets

    A Primer On The Railroad Sector

    The railroad industry might seem antiquated, but it remains an important service that reaches all corners of the country.
  5. Investing

    Why Doesn't the U.S. Have a Transnational Railway? (CP, CSX)

    On Tuesday, the WSJ reported that CSX Corp. (CSX) had rebuffed a $20 billion-plus offer to combine with the smaller Canadian Pacific Railway Ltd. (CP). Canadian Pacific made similar overtures ...
  6. Markets

    Capital One Stock Soars on Analyst Upgrade (COF)

    Capital One shares soared as much as 5% on Friday, reaching a high of $64.94 after some positive comments by analysts at D.A. Davidson.
  7. Markets

    Is This The Next Big Play For Growth Investors?

    Read about how the railroads sector might perform for growth investors, and why the cyclical nature of railroads makes room for future opportunity.
  8. Retirement

    Tired Of Banks? Try A Credit Union

    These nonprofit organizations can provide a range of services for lower fees.
  9. Markets

    Unions: Do They Help Or Hurt Workers?

    Learn the pros and cons of these organizations and how they fit into today's economy.
  10. Markets

    Capital One Earnings on Tap: What to Expect? (COF)

    Credit quality has been an overhang for the company. And its something the market continues to keep an eye on.
RELATED FAQS
  1. What are examples of popular companies in the railroads sector?

    Discover some of the most popular railroad company stocks within the transportation sector, and learn about the top companies ... Read Answer >>
  2. What are the risks associated with investing in the railroads sector?

    Learn about risks relating to investing in the railroad sector. Explore how the price of fuel, cost of labor and access to ... Read Answer >>
  3. What are the most popular mutual funds that give exposure to the railroads sector?

    Investing in sector-specific mutual funds, such as transportation funds that include railroad company stock, can be a smart ... Read Answer >>
  4. What sectors are most similar to railroads?

    Learn about sectors most similar to the railroad sector. Explore airlines, bus lines, truckers and shippers that compete ... Read Answer >>
  5. What is the railroads sector?

    The railroads sector is a major component of the transportation sector. It is comprised of companies that operate railroad ... Read Answer >>
  6. What are the main factors that drive share prices in the railroads sector?

    Discover the main factors that impact the success of companies in the railroad industry and that have the greatest effect ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center