CHICAGO (Reuters) - U.S. railroad CSX Corp (CSX.N: ) said on Friday that two nominees from a dissident shareholder slate could join its board immediately, but two other seats on the board are the subject of a court appeal. Two hedge fund shareholders of CSX -- The Children's Investment Fund (TCI) and 3G Capital Partners -- proposed a slate of five nominees to the Jacksonville, Florida-based company's board as part of a lengthy and bitter proxy battle. The hedge funds said they had proposed the dissident slate because CSX has been underperforming. For instance, while CSX has indicated its profits should double within the next five years, the hedge funds argue that earnings could quadruple in that time with improved network performance and cost savings. The hedge funds also claim they could achieve $2.2 billion in annual...
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