Santa Fe Industries was the diversified parent company, headquartered in Chicago, of the Atchison, Topeka and Santa Fe Railway. Formed in 1968, its non-railroad operations included construction, real estate, and energy units. In the early 1980s, after longtime head John Shedd Reed had been succeeded by John J. Schmidt, they arranged a merger with the Southern Pacific, where new head Robert Krebs had recently succeeded Benjamin Biaggini.
When the Interstate Commerce Commission denied permission to merge the respective companies' railroad subsidiaries as the Southern Pacific Santa Fe Railroad, the merged holding company, which retained both companies' non-rail interests while being forced to sell the Southern Pacific, changed its name to Santa Fe Pacific Corporation.
Famous quotes containing the words santa fe, santa and/or industries:
“On the Atchison, Topeka and the Santa Fe.”
—Johnny Mercer (1909–1976)
“I stopped believing in Santa Claus when I was six. Mother took me to see him in a department store and he asked for my autograph.”
—Shirley Temple Black (b. 1928)
“All industries are brought under the control of such people [film producers] by Capitalism. If the capitalists let themselves be seduced from their pursuit of profits to the enchantments of art, they would be bankrupt before they knew where they were. You cannot combine the pursuit of money with the pursuit of art.”
—George Bernard Shaw (1856–1950)