E. Hunter Harrison is continuing to shake things up in the Class I realm. Last month, he retired early from his post as president and chief executive officer of Canadian Pacific, forfeiting more than 100 million Canadian dollars worth of benefits and awards. His plans for the future? Landing the top spot at CSX.
News reports began circulating in mid-January about Harrison's partnership with activist investor Paul Hilal, whose new investment fund has been raising money to acquire a stake in CSX. Hilal is looking to install new members on CSX's board and make Harrison the railroad's CEO.
In our February issue, I gave a quick rundown on Harrison's plans. Check out my write-up here.
In a subsequent online piece, our columnist Tony Hatch shared his take on the news.
"I believe that this, from [Harrison]'s point of view — and I am speculating here — is about legacy: not of the man, but the idea — that Precision Railroading can work in different environments and times," Hatch wrote.
Follow this link to read Hatch's column in its entirety.
Do you think Harrison will become CSX's new leader? Any major obstacles he'll face? Share your thoughts in the comments section below or on ProgressiveRailroading.com.
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