Richard K. Davidson

AAA

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.

INVESTOPEDIA EXPLAINS '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. Chairman

    An executive elected by a company's board of directors that is ...
  2. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  3. Corporate Action

    Any event that brings material change to a company and affects ...
  4. Inside Director

    A board member who is an employee, officer or stakeholder in ...
  5. Insider

    A director or senior officer of a company, as well as any person ...
  6. Corporate Governance

    The system of rules, practices and processes by which a company ...
Related Articles
  1. Insurance

    Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.
  2. Markets

    What Investors Can Learn From Insider Trading

    Some insider trading is actually legal - and can be extremely telling for investors.
  3. Investing Basics

    The Basics Of Corporate Structure

    CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.
  4. Investing Basics

    Why Do Companies Care About Their Stock Prices?

    Read on to learn more about the nature of stocks and the true meaning of ownership.
  5. Active Trading Fundamentals

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!
  6. Markets

    Get Tough On Management Puff

    Company managers are often skilled at fooling investors. Be critical and don't believe the hype.
  7. Options & Futures

    Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.
  8. Professionals

    Understanding Interpersonal Skills

    Interpersonal skills are the social skills people use to interact effectively with other people. A lack of good interpersonal skills may lead to unsuccessful personal relationships, as well as ...
  9. Investing News

    The 5 Wealthiest People in Mexico

    Most people in the know have heard of Carlos Slim and his massive fortune. But what about Mexico's other richest people?
  10. Professionals

    How Mukesh Ambani Has Expanded Reliance Industry

    Mukesh Ambani has expanded Reliance Industries and increased its revenues, but his public image, and that of his company, have not fared as well.

You May Also Like

Hot Definitions
  1. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  2. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  3. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  4. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
  5. Key Performance Indicators - KPI

    A set of quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their ...
  6. Bank Guarantee

    A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor ...
Trading Center