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.

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.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center