By Andrew Pantazi, The Florida Times-Union; December 14, 2018
A Jacksonville judge may soon decide if CSX shareholders have the right to take the Jacksonville railroad giant’s board of directors to task for its decision to spend $84 million to hire former CEO Hunter Harrison even though he was in poor health and would die eight months later.
Three shareholders filed suit this year against the board, arguing it committed misconduct in hiring Harrison and not sharing information about Harrison’s health with shareholders before a 2017 vote to pay for an $84 million benefits package for Harrison.
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