Kiewit Corporation
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Kiewit Corporation, formerly Peter Kiewit & Sons, is an employee-owned private company with its corporate headquarters at 3535 Farnam Street in Omaha. Kiewit was founded in 1884 by Peter Kiewit, a bricklayer of Dutch descent and has grown to be one of the largest contractors in the world. Recent projects have included the First National Tower in Omaha, The Big Dig in Boston, several bridge retrofittings in the San Francisco Bay Area, the Interstate H-3 project in Hawaii and development of a nation-wide fiber optic network with Level 3 Communications. The company also has significant mining and off-shore operations, and also contracts small grading projects for residential or commercial development.
The founder's son, also named Peter Kiewit, headed the firm from 1924 until his death in 1979 and turned it into one of the largest construction companies in the world. He was also very active in the Omaha area. He signed on the city's third television station, KETV, in 1957 and owned it in 1976. In 1963, he bought the Omaha World Herald to keep it locally owned. Under the terms of his will, the employees bought the paper in 1979.
Kiewit Corporation is subdivided into regional companies and divisions (Kiewit Pacific, Kiewit Western, etc.) and further subdivided into geographical districts (Northern California, Southern California, Texas, etc.) The company is employee-owned and long-term employees are often highly compensated with lucrative common stock which, in good business cycles, pays high dividends.
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