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." Chief Operating Officer James Foote will serve as acting …
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 …