{"id":8123,"date":"2008-07-17T00:00:00","date_gmt":"2008-07-17T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-funds-get-4-of-5-candidates-on-csx-board","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2008\/hedge-funds-get-4-of-5-candidates-on-csx-board.html","title":{"rendered":"Hedge funds get 4 of 5 candidates on CSX board"},"content":{"rendered":"<p><strong><strong \/><\/strong> Bizjournals.com- CSX Corp&#8217;s board is in for a bumpy ride despite assurances from the railroad and two rival hedge funds they will work together to maximize profitability, a railroad analyst said.   <\/p>\n<p> &quot;Everyone is human and the proxy fight between them has gotten ugly at times,&quot; said Lee Klaskow, a Longbow Research senior analyst. <\/p>\n<p> Four out of five of the nominees put forth by The Children&#8217;s Investment Fund Management LLP and 3G Capital Partners Ltd. have been voted in by shareholders, according to the independent inspector of the election&#8217;s preliminary report. As reported, the vote is a sound defeat for CSX CEO Michael Ward and his managment group, which fought hard to convince shareholders to avoid the candidiates backed by the hedge funds. <\/p>\n<p> Klaskow said the board changes won&#8217;t change day-to-day operations, but they may affect long-term ones, as the hedge-fund-nominated members will likely make more aggressive proposals. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bizjournals.com\/jacksonville\/stories\/2008\/07\/14\/daily18.html\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bizjournals.com- CSX Corp&#8217;s board is in for a bumpy ride despite assurances from the railroad and two rival hedge funds they will work together to maximize profitability, a railroad analyst said. &quot;Everyone is human and the proxy fight between them [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[156,245,242,362,1512,1513,244,1511,745,247,240],"class_list":["post-8123","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-brian-l-roberts","tag-embarrassment","tag-img-src","tag-industry-experience","tag-member-board","tag-ordeal","tag-outsiders","tag-panel-sessions","tag-standalone-basis","tag-target","tag-us-congress"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8123"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8123\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}