The railroad also agreed to give Harrison options on 9 million shares of CSX stock. Harrison has told the company that he will resign his position if the entire package is not approved. He also has invested more than $15 million in the railroad’s …
Hilal, whose hedge fund owns 4.9 percent of CSX's stock, praised the board for agreeing to the changes. "The board is united behind a shared goal — creating value for shareholders and all stakeholders by implementing the precision …
JACKSONVILLE, Fla. — Shares of CSX slid Friday after the railroad said CEO Hunter Harrison will take a medical leave "due to unexpected complications from a recent illness." Chief Operating Officer James Foote will serve as acting CEO …
as well as being promised options to buy up to 9 million shares of CSX stock at its share price on the day he took office. Shareholders are to vote on the $84 million reimbursement in May. Contact David Patch at: dpatch@theblade.com or …
That would be good news for stockholders, since both railroads added greatly to their debt load to buy Conrail. CSX stock is roughly where it was two years ago, while Norfolk Southern shares are up slightly. CSX closed at $46.9375 on …
CSX’s stock has risen slightly this week despite Saturday's death of the man who had been hired to bring the railroad new profitability. Though the stock fell Friday with news of his illness, it closed at $55.41 on Wednesday. Hunter Harrison’s …
Edward Jones analyst Dan Sherman said in a research note that he expects CSX to continue improving efficiency, so the stock is attractive at current prices. CSX shares were down 63 cents, or about 1 percent, at $57.50 in extended trading …
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(AP) — Shares of CSX are falling sharply at the opening bell after the railroad said CEO Hunter Harrison will take a medical leave "due to unexpected complications from a recent illness." Operating Chief James Foote will serve as acting CEO …
JACKSONVILLE, Fla. (AP) — Shares of CSX slid Friday after the railroad said CEO Hunter Harrison will take a medical leave "due to unexpected complications from a recent illness." Harrison, who has engineered turnarounds at three …
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