CSX loses $6 billion in value after CEO takes medical leave
December 15, 2017 at 11:10 AM EST
CSX Corp. shares fell 12% early Friday, erasing nearly $6 billion in market value, after Chief Executive Hunter Harrison was placed on medical leave, highlighting the risk the railroad’s board took when it agreed to hire the 73-year-old railroad veteran despite the emergence of unspecified medical problems earlier in the year.