Hedge fund gives up a seat on CSX board
Written by William C. Vantuono, Editor-in-Chief Hedge funds TCI (The Children’s Investment Fund) and 3GCapital Partners won four seats on the CSX Corp. board of directors in a proxy fight last year. Now, TCI managing partner Christopher Hohn has decided not to seek re-election to the board this year and CSX has decided not to fill the vacancy, according to a filing with the Securities and Exchange Commission onFeb. 12.
CSX told the SEC that Hohn’s decision “resulted from his responsibilities in managing his business interests.”
