Hunter Harrison Departs CP, Apparently Interested in Next Turnaround, Leaves CAD 118 Million Behind
Canadian Pacific announced that CEO Hunter Harrison, age 71, will depart the firm on vacation immediately until his long-time protege and credible successor Keith Creel, 47, assumes the helm Jan. 31. This is about six months earlier than previously indicated, and Harrison will not consult for CP thereafter, because he approached the board to discuss modifications to his postemployment agreement to pursue opportunities involving other Class I railroads. The board agreed to waive his noncompete ob...Norfolk Southern is a holding company. Through its subsidiaries, the company is engaged in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. The company also transports overseas freight through several Atlantic and Gulf Coast ports. The company provides intermodal network in the eastern half of the United States. The company's railroad operates in several states and the District of Columbia. The company's system reaches manufacturing plants, electric generating facilities, mines, distribution centers, transload facilities, and other businesses in its service area.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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