CP CEO Harrison: Strongly Believe We Could Get Trust Done

Hunter Harrison discusses his efforts to merge Canadian Pacific with either Norfolk Southern or CSX. He explains the strategic considerations, challenges, and negotiations involved, emphasizing the importance of a cooperative approach over a hostile takeover. Harrison reflects on past actions and outlines future plans, while addressing regulatory and competitive challenges in the railway industry.

What is Hunter Harrison's main goal in the negotiations with Norfolk Southern and CSX?

• To eliminate competition in the railway industry

• To increase the stock price of Canadian Pacific

• To merge with both companies simultaneously

• To find a suitable partner for Canadian Pacific

How does Hunter Harrison describe his approach to dealing with both Norfolk Southern and CSX?

• He is indifferent and has no preference

• He has a clear favorite between the two

• He is aggressively pursuing both companies

• He is carefully balancing negotiations with both

What was the initial outcome of the talks with CSX according to Hunter Harrison?

• The talks were inconclusive and led to exploring other options

• An immediate agreement was reached

• The talks were canceled due to a leak

• CSX showed strong interest in a merger

What is one of the main frustrations Harrison mentions regarding Norfolk Southern?

• The frequent leaks of confidential information

• The high financial demands of the company

• The aggressive stance of the management

• The lack of interest from shareholders

Why does Hunter Harrison prefer not to pursue a hostile takeover?

• It is against company policy

• It would not create a cooperative environment

• It would take too long to complete

• It would be too costly

What does Harrison suggest could have been done differently in the negotiations?

• Focusing solely on Norfolk Southern

• Offering a higher price initially

• Taking a softer approach with both companies

• Involving more stakeholders in the discussions

What is Harrison's view on the political nature of railway mergers?

• He supports political involvement to ensure fairness

• He is indifferent to the political aspects

• He thinks it should not be a political process

• He believes it is a necessary part of the process

What does Harrison believe about the current state of customer support for the merger?

• Customers are largely against the merger

• Customers are beginning to understand its benefits

• Customers are fully supportive of the merger

• Customers are indifferent to the merger

What does Harrison imply about the actions of larger railroads like Union Pacific and BNSF?

• They are supportive of further mergers

• They are planning to merge themselves

• They are trying to prevent further consolidation

• They are indifferent to the merger activities

What is Harrison's primary obligation according to his statements?

• To the customers of Canadian Pacific

• To the shareholders of Canadian Pacific

• To the employees of Canadian Pacific

• To the government regulations