CSX railroad replaces CEO after investor pressure, poor performance

ABC NewsMonday, September 29, 2025 at 3:45:13 PM
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CSX railroad replaces CEO after investor pressure, poor performance
CSX railroad has made a significant leadership change, replacing its CEO Joe Hinrichs just two months after pressure from an investment fund. This move comes amid concerns about the company's performance and the need to enhance competitiveness against rivals like Union Pacific. The decision highlights the ongoing challenges in the railroad industry and the impact of investor influence on corporate governance.
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