Daily Record FINANCIAL NEWS &
FRIDAY, JANUARY 20, 2017
Vol. 104, No. 049 • oNe SectioN
35¢ www.jaxdailyrecord.com
Harrison wants to take on CSX agement. According to a Wall Street Journal report, Harrison is teaming up with activist fund manager Paul Hilal to take on CSX, although it’s unclear exactly what his plan is. Still, the news sent CSX’s stock soaring Thursday for its biggest one-day gain in more than three decades. “CSX Corporation welcomes the views of all of our shareholders and always considers their thoughts on the company’s business and strategy. Likewise
By Mark Basch Contributing Writer
A day after CSX Corp. Chairman and CEO Michael Ward expressed optimism about 2017, an old thorn reappeared in his side. Canadian Pacific Railway Ltd. CEO Hunter Harrison, who tried and failed to convince Ward to merge the two major railroad companies in 2015 and 2016, abruptly retired from his post and indicated he wants to use his time shaking up CSX man-
its board and management team remain supportive of the company’s strategic growth strategy, which has started to deliver sustainable value for shareholders,” Jacksonville-based CSX said in a statement Thursday afternoon. “The company and its board of directors will actively evaluate Mantle Ridge’s (Hilal’s fund) views and look forward to discussing our core strategy to continue driving earnings growth and shareholder value going forward with Mantle Ridge and all our shareholders,” it said.
Canadian Pacific announced Harrison’s resignation late Wednesday, saying in a news release “he had approached the board to discuss his retirement from CP and potential related modifications to his employment arrangements that would allow him to pursue opportunities involving other Class 1 Railroads.” As Harrison sought a merger with CSX or the other major Eastern U.S. railroad company, Norfolk Southern Corp., over the CSX CONTINUED ON PAGE 3
10 QUESTIONS FOR NEW CONGRESSMEN
Adjusting to life in Washington
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U.S. Rep. Al Lawson 5th Congressional District Democrat Talk about what the first several days in Washington, D.C., have been like, including the pace, what you had to get done before your official start and casting your first vote. The pace is nonstop. I’m getting my exercise for sure with all the walking and running here and there. It’s a pleasure to serve the people of Florida and I take pride in voting on their behalf. Before being sworn in, I had to tidy up all my personal business affairs, notify my insurance clients that someone else would be servicing their accounts.
Public
Provided by John Rutherford
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What are some of the personal items you took with you to keep in your D.C. office and why are they important to have with you? The Bible from my police vehicle; I had it to take the oath of office. My St. Michael statue to remind me of the battle and several family photographs to remind me why I need to work hard and get it right.
In addition, I had to interview and hire new congressional staff and secure new space to locate district offices in Tallahassee and Jacksonville. I’ve also had to undergo weeks of training on how Congress works, two weeks in Washington and one week at Harvard University. Who did you invite to attend your swearing-in ceremony and why? Did you have a personal gathering, as well? I took my grandkids — Cameron, Jordan and Sam — into the chamber with me, as only kids under 12 were allowed on the House floor. I was really nervous as I didn’t know how the 3-year-old would behave. He did go to sleep, which was great. My wife and son were in the gallery. The balance of my family, friends and supporters were in my office watching on the TV. LAWSON
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Special to the Daily Record
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U.S. Rep. John Rutherford has several personal items in his new office, including photos of his wife, Pat, as well as a statue of St. Michael, patron saint of law enforcement.
House Speaker Paul Ryan, right, at a mock swearing-in with U.S. Rep. Al Lawson and his family.
Describe your emotions and thoughts during the swearing-in ceremony. It was a great privilege to take the oath of office to represent the people of Florida’s 5th Congressional District. I felt a tremendous sense of joy, respect and thankfulness to the citizens for allowing me to serve.
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RUTHERFORD
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Talk about what the first several days in Washington, D.C., have been like, including the pace, what you had to get done before your official start and casting your first vote. Two weeks of orientation in D.C. helped tremendously. Setting up a D.C. office and district office has been very time consuming, with hiring personnel and looking for office space. My time as sheriff certainly helped with both of those challenges. The days are long and filled with a variety of issues, but again my time as sheriff prepared me well for the long hours and multiple decisions which have to be made simultaneously.
Provided by John Rutherford
U.S. Rep. John Rutherford 4th Congressional District Republican
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2 Wawas identified on Philips and Beach
Wawa continues its drive into Northeast Florida with two more proposed sites for development, boosting the number of identified area locations to nine. The Pennsylvania-based chain of gas stations and convenience stores is considering sites at Philips Highway and Bowden Road and at Beach Boulevard and Brougham Avenue. One is a former auto dealership at 5735 Philips Highway and the other is the Captain’s Club property at 13363 Beach Blvd. Both would be redevelopments in which some buildings would be removed and Wawa would build covered gas pumps and 6,119-square-foot retail stores, its prototype size. L. Charles Mann of Mann-Pellicer is the agent for both projects. He applied this week to rezone the properties as Planned Unit Developments. The Planning and Development Department said it is reviewing the applications and the description and site plans might change. Wawa plans to redevelop land now occupied by the former Frank Griffin car dealership. “The area is transitional and is in need of reinvestment, bringing new users to the corridors,” says an exhibit filed with the proposed Bowden Road Redevelopment PUD. Ownership at the 4.87-acre Philips site comprises the Frank G. Griffin Trust and Burger King Corp. The written description said the subject property would combine the existing Burger King restaurant with the remainder of the former dealership to redevelop the site, adding Wawa and possibly another commercial outparcel. A PUD exhibit shows Burger King will remain, facing University Boulevard West, with Wawa at Philips Highway and Bowden Road. The Brougham Avenue Commercial PUD shows Wawa would be developed on about 2.5 acres now owned by two entities — Captain’s Club Inc. and B&S Family LLC. MATHIS CONTINUED ON PAGE 2
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