A railroad spent $84 million to hire a sick CEO—he died eight months later

CSX, one of the largest US railroad operators, spent $84 million to hire Hunter Harrison away from his old job and install him as CEO in March.

CSX’s board members knew he was in poor health—while his illness was undisclosed, he used an oxygen machine and mostly worked from home—but they entrusted him to lead a major shakeup of the company that alienated customers and led other executives to leave, according to the Wall Street Journal.

Shareholders loved the hire—CSX shares rose...

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