some concerns here, also, hunter harrison is not a young guy.nd last month the "wall street journal" published and article suggesting he's got an undisclosed medical condition forcing him to work from home many times during his first weeks as ceo he told the paper, i'm quoting, running on so much adrenaline no one can stop me. don't judge me by my medical reports, judge me by my performance. fair enough. seems to peak. cars another huge cargo. the company can afford a modest deceleration as long as the rest of the business holds up most salient issue, csx stock, it's no longer cheap trading at 19 times next year's earning estimates. that's not crazy compared to union pacific and others and not the bargain it was 15 points ago bottom line, market is acting like hunter harrison can work miracles done an impressive job but the stock has run up so much, if you want to buy shares in csx, you need to wait for a better entry point if you already don't own it i hate to chase. so be patient. sooner or later a market-wide pullback again and then you can p

shareholders approving a proposal to reimburse $84 million for arranging the hiring of a new ceo hunter harrison. the ceo of mantle ridge, by the way, is the vice chairman of the board for csx. in the skies the good times continue to roll. airlines globally are collectively raising their profit forecast. the industry group that represents more than 200 airlines says the profits should top $31 billion this year. that's about $1.5 billion more than previously forecast. >>> and the supreme court scaling back the s.e.c.'s power to recoup profits made in securities fraud. they can still order companies to pay back illegal profit but must do so within five years of any claim of fraud. >>> those headlines falling all under the shadow of another it terror attack in london over the weekend. seven reported dead, dozens more remain in the hospital. this is the third attack in less than three months and happening just days before the uk's general election. wilfred frost? >> reporter: brian, thanks very much. we're going to start with some live pictures of a vigil taking place as we speak on the banks of the

hunter harrison got his pay package approved almost unanimously as you might have expected.nique case, mantle ridge, activist fund, not that large but run by this guy paul halall, bringing in the ceo and benefiting everybody. you see the changes he made in the root schedule at csx and what it's done? >> i want to defend michael ward. there are some things he did, harrison couldn't have up-ended everything. >> he's a cevante. can he control practically every crossing from his home and does. gets on the thing to the engineer, gets on whatever you want to call it, to the engineer, can talk to them and tell them speed up, slow down. he's running that railroad from his living room. >> i got to hand it to him. in terms of going back to fashion for a second. >> from railroad to fashion, yes. >> and your trip to milan. >> we had a nice trip to milan. >> my wife says milan is pretty, i haven't been there yet. manny tirico, pvh, calvin klein, they've got a direct, a designer here, ralph simon, who just won the award for top men's and women's designer that will help them with sak's, ba

. >> >> i think you're referencing hunter harrison and the model, employed at csx.rove our operating margin by 2,500 basis points. >> that's 2,500 basis points would be about 25%. >> 25 percentage points. >> wow. >> so we've been at it a long time we understand the role that productivity plays in generating an enhanced operating margin or operating ratio. likewise volume, likewise price. as we look forward, right now we're america's most profitable railroad as measured by operating ratio, and we anticipate improving that operating ratio. we've got a whole series of projects under way right now to do that. we're not shy about learning from other companies and other leaders. >> have you adopted any of those approaches >> we've adopted approaches that we've seen, for instance in, canada if we look at our low horsepower locomotive fleet which is largely used for switching cars and for local service, we've reduced that by about 25% over the last two years we learned some of those lessons from our operating peers in canada and how they approach their market. >> can i ask