Activist fund seeks to uproot CSX board

摘要

CSX is keeping all lines of communication open with London-based Children's Investment Fund even as the fund's managers are battling to unseat the company's board and top management. The fund has said it wants to improve safety and profitability and increase shareholder value. "In terms of communication, we communicate with all of our shareholders," said spokesman Garrick Francis when asked about the railroad's relationship with the fund, which is also known as TCI. "We've had numerous conversations with the fund over the last year. In terms of hedge funds, we welcome them as shareholders."