(Source: Toronto Star, July 15, 2012)
TORONTO — The bitter proxy fight for control of CP Rail carried a $55 million price tag, including $13 million in costs and $42 million in expenses specifically related to hiring Hunter Harrison as CEO. Details were released as CP Rail reported lower second-quarter earnings, with a net profit of $103 million, down $25 million from the same period a year ago.
Full story: Toronto Star