(Source: Railway Age, September 27, 2013)
NEW YORK — There can be a distinct advantage to having only one shareholder. For BNSF Railway chief executive Matt Rose, answering to Warren Buffett — who put his faith in the freight rail industry and BNSF management when he acquired the railroad in 2009 (“It’s going to be around for the next 100 or 200 years, and you can’t move it to China or India,” he said at the time) — the advantage is the ability to invest what is necessary into state-of-good repair and capital expansion programs, without analysts or shareholders with short-term financial interests looking over your shoulder.
Full story: Railway Age