Thomas Black and Scott Deveau

Business, For-Hire

FedEx Boosts Dividend, Shakes Up Board

 A fuel nozzle in a FedEx delivery truck A fuel nozzle in a FedEx delivery truck. (David Paul Morris/Bloomberg News)

FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new CEO Raj Subramaniam.

June 14, 2022
Business, Logistics

CSX Seen Restarting CEO Talks After Activist Softens His Demands

Chris Goodney/Bloomberg News

CSX Corp. is expected to restart talks to install Hunter Harrison as CEO after an activist investor allied with the railroad turnaround veteran softened his demand for board representation, a Citigroup Inc. analyst said.

February 17, 2017