Epstein Files Search

EFTA01415820Set 10

2017-10-31222p30,137w

same time, however, Creel was acting COO and being groomed to be Hunter Harrison's replacement. Combined with the major task of turning around North America's least profitable railroad ... Hunter Harrison's Precision Railroading model has helped CP and CNI achieve bestin-class operating ratios. 61.0% 66.3% 60.5% 55.6% 55.7% 2010 2011 2012 2013 2014 2015 2016 2017E 2018E ... believe a large driver behind this is the Precision Railroading model implemented by Hunter Harrison at both CP and CNI (we go into more details in company-specific sections). However

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01415820.pdf

EFTA01371118Set 10

2017-10-311p444w

operating ratio by nearly 1,700bps. The majority of this improvement came during Hunter Harrison's tenure as CEO (see figure below) when the operating ratio improved 1,600bps from

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371118.pdf

EFTA01371113Set 10

2017-10-311p433w

NYSE and Toronto Stock Exchange. In June, 2012 CP hired railroad legend Hunter Harrison as CEO in response to activism efforts from Pershing Square. After acquiring a 14.2% stake

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371113.pdf

EFTA01371097Set 10

2018-01-011p300w

believe a large driver behind this is the Precision Railroading model implemented by Hunter Harrison at both CP and CNI (we go into more details in company-specific sections). However

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371097.pdf

EFTA01371108Set 10

2017-10-311p318w

acquisitions, generated best-in-class volume growth, and removed costs through the implementation of Hunter Harrison's Precision Railroading model. {Figure 73: The rails solidly outperformed

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371108.pdf

EFTA01371109Set 10

2017-10-311p278w

fears over further volume declines subsided. Performance was relatively similar across the board until Hunter Harrison left CP to join CSX. Since then, CSX has been the Page 36 Deutsche

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371109.pdf

EFTA01371119Set 10

2017-10-311p246w

appointed to CEO and President of CP in January 2017 after the departure of Hunter Harrison • Previously, Keith served as Executive Vice President and COO of Canadian National after joining

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371119.pdf

EFTA01371124Set 10

2017-10-311p348w

improve its connectivity across Canada and into the U.S. Acting Illinois Central CEO Hunter Harrison was then appointed CEO of CN. In 1999, CN and BNSF announced that

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371124.pdf

EFTA01371090Set 10

2017-10-311p463w

same time, however, Creel was acting COO and being groomed to be Hunter Harrison's replacement. Combined with the major task of turning around North America's least profitable railroad

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371090.pdf

EFTA01371096Set 10

2017-10-311p287w

Class I rail operating ratios (opex as a of revenue) 2010-2019E Hunter Harrison's Precision Railroading model has helped CP and CN1achieve beau 85% in-class operating ratios

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01371096.pdf