CSX CEO fired over handling of takeover approach - Semafor (CSX:NASDAQ)

Core Insights - CSX Corp.'s former CEO Joe Hinrichs was reportedly fired due to the board's belief that he mishandled a takeover approach from Union Pacific last year [2] Company Summary - The firing of Joe Hinrichs occurred after informal outreach from Union Pacific, indicating potential strategic missteps in handling competitive pressures within the railroad industry [2]