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Corporate Pirates: Another Viewpoint

Per your recent article on “Corporate Pirates” I have a different opinion.

It is something that has been needed for a long time. The CSXT is a combination of 21 different railroads, 22 if you include Conrail.

Their management style and operating philosophy are out dated to put it mildly. For anyone who has ever worked on the CSXT and was not home grown know the drill.

The infusion of a New Blood on the Board will wake up and break up the “Country Club” mentality that has prevailed on the CSXT for years. They need to be held accountable to the stock holders and employees and run a business. Mike Ward holds onto the top three spots and Clarence Gooden has been a drone since his career began.

Stock Holders and Employees Rejoice!

The Insider

Permalink07/03/08, 03:50:30 pm, by admin Email , , Class 1 Railroads Send feedback

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