Benjamin W. Heineman (b. 1914) became president of the Chicago and North Western Railway (CNW) in 1956. He led the railroad through a series of difficult cost-cutting measures that returned the railroad to solvency. One of the measures he instituted was to sell shares in the railroad to the railroad's own employees, prompting the "Employee Owned" inscription in the railroad's logo.
References
- Chicago and North Western Historical Society, Chicago & North Western - A Capsule History. Retrieved March 15 2005.
- White, John H. Jr. (Spring 1986). "America's Most Noteworthy Railroaders". Railroad History. 154: 9–15. ISSN 0090-7847. JSTOR 43523785. OCLC 1785797.