CSX ‘Welcoming’ Work With Activist Hedge Funds

CNBC – Cramer got a chance Thursday to check in briefly with CSX Chairman and CEO Michael Ward.

Ward’s been a regular guest on Mad Money as his company has battled with activist hedge funds fighting to have him ousted.

Those hedge funds have managed to get two people on CSX’s board of directors, and another two are pending approval based on a lawsuit that proceeds to oral hearings this coming Monday, Aug. 25 in the Second Court of Appeals in New York.

“Maybe they can actually help,” Cramer said of the board additions.

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