Daily Record Financial News &
Monday, October 23, 2017
Vol. 104, No. 243 • One Section
35¢
www.jaxdailyrecord.com
Who will succeed Harrison at CSX? CEO says question “is not something we’re ignoring.”
Before Hunter Harrison began lobbying for the job last winter, CSX Corp.’s board was preparing to announce succession plans for the pending retirement of incumbent CEO Michael Ward. But before a successor could be revealed, Harrison was brought in as chief executive in March and all previous plans were thrown out the window. Harrison’s contract runs to
Harrison
2021, and while that seems like a long time away, some investors already are wondering what will happen after Har-
rison’s tenure. During the company’s quarterly conference call last week,
Susquehanna Financial analyst Bascome Majors asked Harrison about succession planning, since there is no obvious heir apparent. “Well, I can tell you that’s something that the board is very sensitive to ... and not something we’re ignoring,” Harrison said. “I’m hopeful that maybe we could give you more insight at the analysts’ meeting but I’m not sure of that.”
CSX scheduled a two-day analyst meeting beginning Sunday in Palm Beach, where Harrison lives. “We share your concerns. I share your concerns both as CEO and a shareholder. And it’s something that, until we receive an answer, we will stay on top of,” Harrison said. Basch
continued on
Page 3
Kelly on mission to preserve jury trials
Touring Cowford Chophouse
Organization seeks to maintain Seventh Amendment. By Andrew Warfield Associate Editor
Photo by Monty Zickuhr
Jacques Klempf, owner of the Cowford Chophouse at 101 E. Bay St. Downtown, takes the media on a tour Friday. The restaurant, which has been under renovation since 2015, opens to the public Thursday. For more photos, see jaxdailyrecord.com.
Jury trials are on the decline in the United States as more legal cases increasingly are adjudicated by arbitration or negotiation. That was among the issues discussed by Dulin Kelly, president of the American Board of Trial A d v o c a t e s , Kelly who addressed the organization’s Jacksonville chapter Wednesday at The River Club. The Jacksonville stop was the latest in his national tour of state and local chapters at their invitation. Of the 97 chapters across the country, Kelly anticipates making more than 30 visits before his one-year term ends in December. Florida has a state chapter, Kelly
continued on
Page 4
Al Letson: ‘We need to walk in each other’s shoes’ Journalist tells JBA it’s important to understand other people’s views on race. By Maggie FitzRoy Contributing Writer When a white supremacist protester was attacked at a recent rally in California, African-American poet, playwright, and journalist Al Letson rushed to his defense and shielded him from harm. Attorney Asghar Syed told that story as he introduced Letson as
Public
guest speaker Friday at the Jacksonville Bar Association luncheon. Letson defended his actions, saying it didn’t matter if the protester didn’t understand his point of view, Syed said. “He said what matters is that I see his.” Trying to understand other people’s views about race was the theme of Letson’s speech at the Omni Jacksonville Hotel.
legal notices begin on page
12
He discussed how Americans can deal with their past, while understanding the present and moving forward to a better future. It was a timely message for the Jacksonville legal community as it coincided with the recent launch of a Jacksonville Bar Association Study Circle program involving race relations, held in conjunction with the Jacksonville Human Rights Commission. “It’s an honor to have such a Letson
continued on
Page 5
Photo by Maggie FitzRoy
Jamie Karpman, an attorney with U.S. Department of Housing and Urban Development, and journalist Al Letson.
Published
for
27,304
consecutive business days