Daily Record Financial News &
Tuesday, December 26, 2017
Vol. 105, No. 028 • One Section
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Election supervisors foresee a hefty November ballot
CSX stock gains far exceeded $84M paid Harrison Executive’s legacy: A company worth billions more than when he took over.
Duval County registered voters by party affiliation Republican Party of Florida
Voters will decide races for governor, Legislature, U.S. Senate and the judiciary along with amendments to the state constitution.
216,602 Florida Democratic Party
No party affiliation
235,829
123,797
By Max Marbut Associate Editor Duval County Supervisor of Elections Mike Hogan and his 66 colleagues from each county in the state are looking ahead to the 2018 primary elections in August and the general election in November. The group met this month at the Florida State Association of Supervisors of Elections Mid-Winter Conference in Daytona Beach. Hogan said the supervisors identified some areas of common interest, including the potential size of the November ballot. It’s expected to be lengthy, considering races for governor, both sides of the state Legislature, U.S. Senate and judicial races and retention will be considered when voters receive vote-by-mail ballots or go to the polls on election day. Also on the ballot will be amendments to the Ballot
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Other parties
3,500
The other parties Libertarian Party of Florida 1,992
Constitution Party of Florida
58
Independent Party of Florida 914
Ecology Party of Florida
20
Green Party of Florida
Party for Socialism
16
333
America’s Party of Florida
89
and Liberation, Florida
Reform Party of Florida
75
Party not registered with state 3
Register to vote or switch party affiliation: To register to vote or change your party affiliation, visit registeredtovoteflorida.gov
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As financial news outlets last week examined the legacy of Hunter Harrison’s brief tenure at CSX Corp., you probably saw headlines reminding everyone that shareholders paid him $84 million for what turned out to be nine months of work. Harrison received that money as compensation for payments he forfeited when he left his previous job at Canadian Pacific Railway Ltd. The contracts CSX filed in Securities Harrison and Exchange Commission documents don’t show any provisions for Harrison’s heirs to repay any of that $84 million. However, while it seems like a ridiculous amount of money for a short term as chief executive officer, many CSX shareholders probably would still say it was money well spent. CSX’s stock did fall Dec. 15 after the company announced Harrison was taking a medical leave. But on Dec. 18, the first trading day after Harrison’s death, the stock closed at $53.59, 45 percent higher than its price in January when word surfaced that Harrison was seeking the CSX job. Harrison’s track record of improving operational efficiency at railroads, while acrimonious to employees who faced job losses, was cheered by Wall Street, sending the stock up even before he was hired. While the $84 million payment was subject to a shareholder advisory vote, several analysts pointed out stockholders would approve because the value of CSX’s stock rose by billions. The measure was approved by 90 percent of shares voted at the company’s June annual meeting. Basch
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