John M. Budd
Railroad executive
Died when: 71 years 357 days (863 months)Star Sign: Scorpio
John Marshall Budd (1907-1979) was chairman and chief executive officer of Burlington Northern Railroad from 1970 to 1971, chairman from 1971 to 1972, and a director from 1970 to 1977.
Budd was born November 2, 1907, in Des Moines, Iowa.He was the son of Ralph Budd and Georianna Marshall Budd.He married Frances Bullard on January 31, 1931.
They had two children: John M.Budd, Jr., and William B.Budd.John M.Budd planned and led one of the largest railroad mergers (Burlington Northern) in the United States to 1970.
This is in marked contrast with the attempted merger and subsequent bankruptcy of Penn Central Transportation between 1968 and 1970, which became the largest corporate bankruptcy in the United States to that time.
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