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This must be a surprise and shock to CSX's private shareholders especially after paying him $84 million a few months ago.  It would be interesting to know if he was ill and hid his condition from the shareholders / board before he joined CSX.  

I would describe Harrison as being controversial rather than legendary.  It will be interesting to see what happens to CSX now.  

NH  Joe

New Haven Joe posted:

This must be a surprise and shock to CSX's private shareholders especially after paying him $84 million a few months ago.  It would be interesting to know if he was ill and hid his condition from the shareholders / board before he joined CSX.  

He would NOT release his medical records nor his health condition to ANYONE.

I would describe Harrison as being controversial rather than legendary.  It will be interesting to see what happens to CSX now.  

NH  Joe

 

New Haven Joe posted:

This must be a surprise and shock to CSX's private shareholders especially after paying him $84 million a few months ago.  It would be interesting to know if he was ill and hid his condition from the shareholders / board before he joined CSX.  

NH  Joe

I do not know if this violates medical laws, but a BOD having a med report of the person they are hiring as head may be a good idea.  A heart attack or stroke could happen later, of course.  But such a report would highlight the present conditions.

Suicide, really? The guy was on oxygen tanks for crying out loud and anybody that that goes that far in business and does what he does isn’t bothered by questions from the government. I’m sure he has a slew of lawyers at the ready for these things and I wouldn’t be surprised if he was planning on using the CSX legal department.

I read the TRAINS comments-wow !!  In my 40 years working as a salesman for multiple companies I learned a lot about companies, especially when they were sold. Not pretty.  I was always customer and service oriented and fought many a battle for the customer. As for working as a hatchet man for a bunch of investors chasing the all mighty dollar, he gets no respect or sadness at his passing. May his journey be on rough track with lots of red signals and slow orders.

Montclaire posted:

Don't get me wrong, I am all for capitalism.  But that amount of money, I can understand if a company makes that in a year, but how can one man - ANY man - be worth that much as an employee?  After a certain point, those profits should go into infrastructure and employee benefits.

Sorry not trains related - Roger Goodell just got a $200 million contract for a business that is doing worse than CSX.  Some things I just don't understand.  Despite the turmoil, I hope the Harrison family finds peace.

Montclaire posted:

Don't get me wrong, I am all for capitalism.  But that amount of money, I can understand if a company makes that in a year, but how can one man - ANY man - be worth that much as an employee?  After a certain point, those profits should go into infrastructure and employee benefits.

Maybe a person like Tesla.  One patent could be would be worth that much.  But generally, HADES NO!

I won't defame the departed Mr. Harrison, my sympathies to his family. Companies recover and move on in a variety of ways in a booming economy.

--------------------

Shares of CSX rebounded to close up 1.25 percent Monday in the wake of CEO Hunter Harrison's death on Saturday.
The executive was renowned in the industry for his ability to save struggling freight railroads, having spent years reforming two of Canada's largest railways.
Despite the sell-off, J.P. Morgan analyst Brian Ossenbeck assured investors that CSX remains an outperforming investment and that CSX executives will carry out Harrison's turnaround plan.
"We believe his legacy will continue at CSX," Ossenbeck wrote.

Farmer_Bill posted:

CSX stock is still way above the year ago price, so hold on if you believe JP Morgan.  I'd rather have the millions that EHH stole and give some nice Christmas presents to former CSX employees.  

 

Hmm...So EHH stole millions? From who? I thought the CSX BOD awarded that to him as part of his compensation. Regardless whether you like it or not that is how corporate America works. The CEO of Yahoo drove that company into the ground and she received tens of millions as a golden parachute. EHH turned around many a railroad, and yes people lost their jobs..happens all the time...in every industry. However, I think when you look at what he did for the industry as a whole...more positive than negative. 

Last edited by ChessieMD

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