Name: NoMo
E-mail: 
Employed as: Other, non-employee, for N/A
Posted: 28 July 2012

Hey EZreeder:

Not a bad way of looking at that when it comes to Shareholder
proposals, some of which have a great deal of merit but get poo-pawed
because the board considers them intrusions into their domain.

Remember though we are talking about the BoD...things don't work like
that when it comes to the election of directors. Unless there's a
proxy fight all directors stand for election unopposed. You can't vote
against a director...you can vote for, withhold authority to vote for,
or abstain. If you fail to cast a ballot, the Board will vote your
shares for you in accordance with the Boards
recommendations.

Why the disparity in the volume vs. revenue numbers...I guess the rates
are low in order to compete with the other carriers. Their logic being
what they lose in margins, they gain in volume. I'm sure there's a
bonus trigger attached somehow. Also Intermodal is easy, moves faster
among other things, and fits CSX's game plan of exclusively becoming a
line haul carrier. If CSX never switched another car it wouldn't bother
them one bit. I might also add that
the lost margins are passed along to other captive shippers like power
generators, who pass along the shopping costs to their customers!