CSX Is Off the Rails, but $1.2 Billion May Bring it Back

The investors behind startup activist fund Mantle Ridge have committed $1.2 billion for five years to CSX (CSX) - Get Report. Long-term capital helped drive a blockbuster settlement between the fund and railroad. With a long-term focus, the fund's founder, Paul Hilal, got a seat on CSX's board and Mantle Ridge Partner railroad veteran Hunter Harrison got a four-year contract as CEO.

This article was written by a staff member of TheStreet.