Railroad entrepreneur R.J. Corman dies at 58

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Railroad entrepreneur R.J. Corman dies at 58

Postby mikeexplorer » Mon Aug 26, 2013 5:11 pm

http://www.kentucky.com/2013/08/23/2782 ... orman.html


R.J. "Rick" Corman, the Jessamine County entrepreneur who built a backhoe business into a multimillion-dollar railroad and construction company, died Friday. He was 58.

Company spokesman Noel Rush said Mr. Corman died about 11 a.m. at his home in Nicholasville. Rush said the company's officials would have a statement later.

University of Kentucky men's basketball coach John Calipari, a friend of Mr. Corman, posted on Twitter shortly after noon: "I'm not in the frame of mind to talk about it right now, but I will shortly. Rest in peace, my good friend."

Calipari also tweeted, "It's been a tough day."

Later on his website, Coachcal.com, Calipari said Mr. Corman had become a "brother."

Central Bank president and CEO Luther Deaton said Mr. Corman "was the best friend I had in the world.

"I've never known anybody as determined to do what's right and live a good life and help so many people around him," Deaton said.

Mr. Corman had been diagnosed in 2001 with multiple myeloma, a type of blood cancer that attacks the plasma cells in bone marrow and destroys bones. The same disease took the lives of Wal-Mart founder Sam Walton in 1992 and former vice-presidential candidate Geraldine Ferraro in 2011.

As the founder and sole owner of R.J. Corman Railroad Group, Mr. Corman presided over the Nicholasville-based company that became one of only two major companies offering 24-hour emergency derailment cleanup for railways.

The company employs more than 1,100 people in 22 states. In a profile of Mr. Corman published in March 2011, Fortune magazine estimated the company's 2010 annual revenues at $300 million and after-tax profits at $50 million.
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