TCI charges CN with being too opaque over Godin resignation

TCI Fund Management Ltd., a London-based hedge fund management firm, recently delivered to the board of directors of the Canadian National Railway Co. (CN), a letter charging that the board has been “responsible for selective, inconsistent and potentially misleading disclosure of information.”

The open letter, addressed to board Chairman Robert Pace, is part of TCI’s continuing campaign to get more value out of its equity in CN, Canada’s largest railway and one with extensive capacity in the U.S. as well. 

Signed by TCI principals Chris Hohn and Ben Walker, this . . .

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.
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