Written by William C. Vantuono, Editor-in-Chief, Railway Age Magazine; October 26, 2017
CSX management has cancelled its Oct. 30 Investor Day the event with little explanation. “We have received many incoming calls and emails from concerned investors who are worried what else could be behind management changes and/or the event’s cancellation,” said Cowen and Company Managing Director and Railway Age Wall Street Contributing Editor Jason Seidl.
Investor Day cancellation came on the same day, Oct. 25, as CSX’s announcement that three top executives would be leaving the company in mid-November—Chief Marketing Officer Frederick Eliasson, Chief Operating Office Cindy Sanborn, and General Counsel Ellen Fitzsimmons. At close of business, CSX shares had dropped 2.60%, to $52.92. In after-hours trading, the decline increased to 3.82%, to $50.92.
Click here to read the full story.