CSX CEO Hunter Harrison Dies At Age 73

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. 

OGR Webmaster posted:

A rather serious issue in play now is whether the CSX Board of Directors hid EHH's health condition from the stockholders. An investigation into this has begun. If the investigation reveals that the board withheld information, heads will roll in Jacksonville.

Rich, heads might roll also in that hedge fund group who brought Hunter in.

The TEXAS SPECIAL:  The REAL RED streak of the golden prairies!

jim pastorius posted:

This whole thing was fishy from the git-go.  The  stockholders wanted it and they got the whole thing. 

Boy ain't that the truth, fishy only begins to describe this thing.

    Chris

 

Don't call me irrational you know that makes me crazy.

And come see my videos on modeling and rail fanning the prototypes.

 

 

I have a feeling CSX shareholders are still happy with the decision to hire EHH. Since the news was announced on Jan 18th, CSX stock is up 49%, which is significantly better than Norfolk Southern (+31%) and Union Pacific (+30%).

johnf posted:

I have a feeling CSX shareholders are still happy with the decision to hire EHH. Since the news was announced on Jan 18th, CSX stock is up 49%, which is significantly better than Norfolk Southern (+31%) and Union Pacific (+30%).

CSX stock jumped because of the "aura" surrounding the hiring of EHH and his track record of improving things at essentially linear railroads. However, his operating style was not well-suited to the spider web network of lines that is today's CSX. Their service has deteriorated badly and they've been called on the carpet for that at the NTSB more than once.

Now that EHH is gone, I would suggest you sell now and take your profit. I see the CSX situation getting a lot worse before it gets better.

OGR Webmaster posted:

CSX stock jumped because of the "aura" surrounding the hiring of EHH and his track record of improving things at essentially linear railroads. However, his operating style was not well-suited to the spider web network of lines that is today's CSX. Their service has deteriorated badly and they've been called on the carpet for that at the NTSB more than once.

Rich,

I agree 100% with your comments. My only point is that CSX shareholders probably don't care much about whether they were given all the facts about EHH's health. They were not harmed because the stock is still up significantly even after the news of Harrison's death.

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