We learn of Mr. Johnson's roots as a lawyer, then of his days at the Railway Express Agency (REA), then culminating in his call to run the Illinois Central Railroad. From his early days at the IC, Johnson had a vision for the first land grant railroad (1851) in the country. Knowing the tide was shifting away from railroads as a profit center, Johnson takes a newly formed company called Illinois Central Industries, to places only he imagined. Making acquisitions and divestments, Johnson creates a $5 billion dollar company from what was a modest $300 million railroad. By the time Johnson retires, IC Industries is a complex company consisting of food and consumer products (Pet Foods, Pepsi Cola Bottling), automobile services (Midas), real estate (Illinois Center), manufacturing (Abex) and transportation (ICRR).
We are offered behind the scenes insight into negotiations, planning, Presidential meetings, and much more. No stone has been left unturned in this in depth primer of the modern conglomerate. The reader is carefully guided along from year to year, just as Johnson carefully guided IC Industries through the years.
Loaded with facts and contributions from many of Johnson's faithful Executive's, this book is a must read. I'm proud to say my father worked side by side with Mr. Johnson the entire 21 years, and then finally retired after 40 years of service with the ICRR and IC Industries. Even so, my knowledge of IC Industries increased as I read this book. The following year, in 1987, Mr. Johnson suffered a stroke and retired from the job he loved so much. However, as we learn in "Con-glom-er-ate", this is by no means the end for Mr. Johnson.
Wonderully written by Frank J. Allston, this book will amaze you with the knowlege, skill and daring of a man called William B. Johnson.