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Rail Operator CSX Ousts Chief Executive After Activist Pressure

The New York Times•Monday, September 29, 2025 at 11:08:00 PM
NegativeFinancial Markets
Rail Operator CSX Ousts Chief Executive After Activist Pressure
CSX has made a significant leadership change by ousting its CEO, Joe Hinrichs, and replacing him with Steve Angel. This move comes amid growing pressure from activist investors and follows recent mergers in the rail industry, particularly between Union Pacific and Norfolk Southern. The decision to replace Hinrichs could signal a shift in strategy for CSX, potentially opening the door for future mergers. This is important as it reflects the ongoing evolution in the rail sector and the influence of activist investors on corporate governance.
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