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Yes, stockholders of the Union Pacific Railroad, particularly during the late 19th century, were implicated in using the Pullman Company to generate unearned profits. They engaged in practices such as manipulating contracts and inflating costs for services provided by Pullman, which was owned by George Pullman. This allowed them to extract excessive returns while contributing to the financial strain on the railroad itself and leading to public backlash and legal scrutiny.

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1w ago

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