Frank Barnett, Ex-Railway Executive
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NEW YORK — Frank Barnett, former chairman and chief executive officer of Union Pacific Corp., has died at a Manhattan hospital after a heart attack, the company announced.
Barnett, 72, a key figure in the reorganization in 1973 of six bankrupt Northeastern railroads into Conrail, died at St. Luke’s Hospital Thursday, a spokeswoman said.
Barnett joined Union Pacific in 1951 as a lawyer and became chief executive officer and chairman of the executive committee in 1967. Two years later, he was named chairman of the board, succeeding E. Roland Harriman, a son of the railroad’s founder.
Barnett helped engineer the expansion of the railroad into Union Pacific Corp., an $8.5-billion holding company consisting of railroad, oil, natural gas, refining and mining interests.
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