CSX(US:CSX) Youtube·2025-09-29 15:02Company Overview - CSX has undergone a significant leadership change with the replacement of Joe Henrik, who was seen as performing well, by Steve Angel, who is 70 years old and previously built Lindy [1][4][6]. Leadership Performance - Joe Henrik was recognized for his strong performance, including a notable Total Shareholder Return (TSR), and his departure was viewed as unjust by some stakeholders [2][4]. - The board's decision to fire Henrik is perceived as a panic response due to the lack of deals, despite Henrik's successful management [5][6]. Market Dynamics - There is speculation that the board was under pressure to initiate a deal, but the only potential buyer, Berkshire, is not interested in acquiring CSX [3][7]. - The current leadership transition raises questions about whether Steve Angel can maintain or improve the operational performance of CSX [5][6].