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The World as Seen by Ackman Trophy Hire: `I'll Run the Railroad'

  • Canadian Pacific's Hunter Harrison, unbound on latest deal bid
  • `You start nickel-and-diming me, I'm outta here,' he says
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The World as Seen by Ackman Trophy Hire Hunter Harrison

Hunter Harrison, the most-experienced CEO in North American railroading, has never been one to filter his remarks when talking to the media or even other executives. So it was last week when he hailed his latest merger bid as unprecedented, dismissed another potential deal as unworthy and said activist investor Bill Ackman understands that he needs to “stay out of my business.”

This is the world according to Harrison, the 71-year-old Canadian Pacific Railway Ltd. chief executive officer who is pursuing a $28 billion takeover of U.S. carrier Norfolk Southern Corp. -- and in the process bucking the long-held industry view that the era of big mergers is over. Norfolk Southern has been cool to the overture.