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Harrison, an investor favorite for leading turnarounds of Canada's two major railroads, died just eight months into a dramatic restructuring campaign that included slashing jobs, shutting multiple ...
Ewing Hunter Harrison (November 7, 1944 – December 16, 2017) was a railway executive who was the CEO of Illinois Central Railroad (IC), Canadian National Railway (CN), Canadian Pacific Railway (CP), and CSX Corporation. He is known for introducing precision scheduled railroading to the companies he ran. [3]
CSX Corp's management team will provide investors on Thursday with the railroad's longer-term plan for boosting profitability and streamlining operations following the death of Chief Executive ...
The company went through major leadership changes in 2017 when activist investor Mantle Ridge, a hedge fund that held 4.9% of CSX's stock, demanded a change in the board, that Michael Ward step down as CEO, that the company cut middle management, and that the company hire Hunter Harrison, known for leading the turnaround three other railroads ...
On December 14, 2017, CSX announced that Hunter Harrison was on medical leave. Two days after the announcement, Harrison died, one day after being hospitalized for complications of an ongoing illness. CSX initially saw a 10% drop in its stock price, but turned around to hit a new 52-week high less than a month later (January 2018). [28]
Longtime railroad exec Hunter Harrison pioneered PSR as a means to cut costs and boost operating margins. The system has three key components: minimize railroad car downtime; run longer trains at ...
Economics of bitcoin. The digital cryptocurrency Bitcoin loses a third of its value within 24 hours.; CSX Corporation names chief operating officer Jim Foote its new chief executive officer, succeeding E. Hunter Harrison who died last week.
July 17, 2019 at 9:44 AM