Page 1 of 1
CN CEO leaving. The sharks are circling
Posted: Wed Oct 20, 2021 8:19 pm
by DaveO
Re: CN CEO leaving. The sharks are circling
Posted: Mon Oct 25, 2021 8:05 am
by PatAzo
As soon as the Class One's run out of costs to cut they will either have to pay decent dividends or start showing revenue growth to keep Wall Street appeased. Maybe CN along with BNSF will be ahead of that curve.
Re: CN CEO leaving. The sharks are circling
Posted: Mon Oct 25, 2021 5:54 pm
by mach69
Grabs popcorn
Re: CN CEO leaving. The sharks are circling
Posted: Tue Oct 26, 2021 4:45 pm
by David Collins
Something is telling me this is somewhat related to the KCS merger falling through but isn't considering this was planned....
Re: CN CEO leaving. The sharks are circling
Posted: Wed Oct 27, 2021 4:59 pm
by LansingRailFan
David Collins wrote: ↑Tue Oct 26, 2021 4:45 pm
Something is telling me this is somewhat related to the KCS merger falling through but isn't considering this was planned....
What makes you say whatever you just said? Explain thy reasoning behind whatever you tried to say above!
Re: CN CEO leaving. The sharks are circling
Posted: Wed Oct 27, 2021 6:24 pm
by David Collins
LansingRailFan wrote: ↑Wed Oct 27, 2021 4:59 pm
David Collins wrote: ↑Tue Oct 26, 2021 4:45 pm
Something is telling me this is somewhat related to the KCS merger falling through but isn't considering this was planned....
What makes you say whatever you just said? Explain thy reasoning behind whatever you tried to say above!
I'm guessing he's leaving the company because I think he ruined CN's reputation due to the whole CN-CP-KCS situation, But there's a problem with that, It isn't because the company says it isn't planned. I just have my doubts, That's all.
Re: CN CEO leaving. The sharks are circling
Posted: Thu Oct 28, 2021 9:28 pm
by trainjunkie47
CN was an earnings miss for three straight quarters before this latest quarter, and their operating ratio has been off even prior to the pandemic. The failure of the KCS merger was icing on the cake. The institutional investors were not happy. Ruest thought for sure that CP would counter with a higher offer when CN made their unsolicited bid. That was also a huge miscalculation. It would seem that Creel and the CP board knew from the start that CN would never get the green light from the regulators, so they simply bided their time until CN was forced to bow out.