The saddest part is the 12 fools sitting on the Board actually believe Farrell. Hey I've got a novel idea... we will increase profits in a operating revenue intensive business by cutting all the costs. Thereby cutting any ability to grow as a company, and any ability to compete in the future against others that will serve the customers we lose! Great idea Mike! Let's do it!!!!
Yayyyyyyyy ( Board of Directors clapping and cheering)
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You said best!!!! They needed to hear just how brain washed and blinded by greed they really are..... unfortunately I don’t think the 12 terrorists that sit on the board care cause they’ll be long gone by the time time this has run its course... I almost feel for the poor SOB that has to come in and pick up the pieces... remember this is not a sustainable business practice... CN, CSX, and CP have already proven it
Because at the end of this 3 year "plan" they are gonna dump their stock and run. Case and point the hedge fund that just dumped 328 million in CSX stock....conveniently 3 years after their "plan" started. They all realize the railroad is an aged dinosaur and the billion dollar profits will become a thing of the past. They are squeezing this lemon one last time and leaving it for someone to scoop up on the cheap and be satisfied with mediocre profit margin.