As a stockholder, I view EHH and Mantle Ridge's play as Larceny by trick! And the institutional stockholders were too greedy themselves to see it.
I am among the 7% of stockholders that saw through this theft!
Never too old to have a happy childhood!
oltmanndI feel sorry for the guy if the most fulfilling thing in his life is his work. That is just sad.
Why is that sad?
While Harrison shaped CN into the well run organization it is today I am of the opinion he has lost his touch primarily due to his illness. His objective, being hired by Paul Hilal was to increase the stock value of CSX, something every hedge fund controller wishes to accomplish shortly before taking their profit and moving on and this case, in my mind, is no exception to that modus operandi.
Harrison's taking medical leave somewhat confirms my suspicions he will not be around much longer and that may leave Hilal in the lurch and/or shedding tears in his drink. I suspect Harrison's health problem is much more severe than has been revealed.
It remains to be seen where CSX will go from here. I would think his minions from CN did not always agree with his dictums and may reverse some changes he made. If they do, it could be beneficial to both the railroad and it's customers.
While I am not schooled in economics I am not so blind as to not recognize that Hilal is no more ethical than Carl Ichan was when it comes to destroying a corporation while turning a fast profit.
Waiting with bated breath for the outcome of this episode.
Opposing opinions welcomed. Harrison is one of Fred Frailey's "heroes" but I respectfully disagree with him. IMO, Harrison is now a "has been" who has done his best in former endeavors but is no longer capable of making critical decisions.
History will hopefully be truthful and give him credit for his successes and ackonoledge his failures.
Norm
Random thoughts:
Is this like old USSR when their leader "caught a cold"? (and was actually dead or dying)
Appointing a temp CEO means this is not just sniffles...
I feel sorry for the guy if the most fulfilling thing in his life is his work. That is just sad.
-Don (Random stuff, mostly about trains - what else? http://blerfblog.blogspot.com/)
Seeking Alpha is reporting CSX stock down 10% this morning due to this "unexpected" development. Anyone with any sense could see this man was not well. I expected something like this from the start.
Replay of conference call now available, with nominal registration for Webcast, at the top of the page:
http://investors.csx.com
Nineteen years too late for those that worked, and still work, on the Canadian National Railways.
MiningmanExtortion --not ex-torsion, but we know what you mean. Wonder if it was known to a select few that things were not well at all with him.... they set him up with the $$$"s, waived the medical, he really rushed things through wham bamm as if the clock was ticking, put in his trusted successor and exit stage left. Not a coincidence!
Wonder if it was known to a select few that things were not well at all with him.... they set him up with the $$$"s, waived the medical, he really rushed things through wham bamm as if the clock was ticking, put in his trusted successor and exit stage left. Not a coincidence!
He should also be manipulated as a torsion bar - twisted until broken.
Extortion --not ex-torsion, but we know what you mean.
overallSo, EHH came on in March and has been on the job for seven months. He got the $84M signing bonus and now he is on a leave of absence. If he exits the scene, that will be $12M per month. I wish TRAINS would interview some CSX investors, on condition of aninimoty of course, and ask if they feel robbed or cheated or anything like that. From the outside, these people seem like some of the biggest ignoramases on the planet.
I am a CSX investor and I am livid. Sue EHH for breach of contract. Return the $84M and triple damages.
He did not get my vote for his extorsion!
So, EHH came on in March and has been on the job for seven months. He got the $84M signing bonus and now he is on a leave of absence. If he exits the scene, that will be $12M per month. I wish TRAINS would interview some CSX investors, on condition of aninimoty of course, and ask if they feel robbed or cheated or anything like that. From the outside, these people seem like some of the biggest ignoramases on the planet.
Perhaps this will provide some idea of whether EHH or his handlers have been running the show...
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
What happens to his contracted millions should he not return to active service?
As a stockholder, I want a refund of the 'signing bonus' of $84M and I want it now!
beaulieu E. Hunter Harrison has taken a Medical Leave due to illness from CSX. newly appointed COO James Foote has been appointed as Acting CEO. CSX News
E. Hunter Harrison has taken a Medical Leave due to illness from CSX. newly appointed COO James Foote has been appointed as Acting CEO.
CSX News
"Whoa- Wholeee Moleeee!"
>**************************************************<
'Planned EXIT????? {' Snidely Whiplash' ties the unsuspecting [stockholders(?)] to the rails, Takes his money, and runs(?)'}
Call me conspiratorial, but the timing seems somewhat convenient ?
When is the funeral?
Whoa- Wholeee Moleeee!
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