Brooke Sutherland, Columnist

CSX Upheaval Risks Throwing It Off Track

The railroad operator just lost a wealth of institutional knowledge.

October 26, 2017 at 5:09 PM UTC

Brooke Sutherland is Bloomberg News' Boston bureau chief and writes the Industrial Strength Newsletter. She was previously a Bloomberg Opinion columnist covering deals and industrial companies and an M&A reporter for Bloomberg News.

1509036854_pic — Photographer: Luke Sharrett/Bloomberg

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Three top executives don't leave a company when everything is going swimmingly.

CSX Corp., the railroad that replaced its CEO with storied cost-cutter Hunter Harrison amid pressure from an activist investor, announced more management upheaval on Wednesday. The $47 billion company's chief operating officer, chief marketing officer and general counsel are all stepping down. I find it hard to believe this reshuffle was planned far in advance because the changes forced CSX to delay an investor conference that had been scheduled for next week. The meeting now won't happen until February, Harrison told Bloomberg News. I hope analysts' and shareholders' flights to Palm Beach, Florida, are refundable.