(Source: Associated Press, February 14, 2017)
OMAHA, Neb. — CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific’s turnaround at the U.S. railroad. The Mantle Ridge hedge fund said it holds 4.9 percent of CSX’s stock and wants the railroad to install the operating model Hunter Harrison used at CP and CN to reduce costs and improve profits.
Full story: Seattle Times