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  "documentTitle": "Canadian National Railway (CNI)",
  "authorId": "20_TCI_Fund",
  "authorName": "Sir Christopher Hohn",
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  "notes": "Uses a quote from the CEO to highlight the gap between stated intent and actual performance.",
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      "text": "Canadian National has been failing to meet its objectives under current leadership",
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      "text": "Operating income: -9%",
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      "text": "Mr. Ruest was appointed CEO in July 2018, after having served as Interim CEO since March 2018",
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      "kind": "quote",
      "text": "We're not running the company for the OR, we're running the company for EPS growth, operating income, free cash flow",
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      "text": "\"We're not running the company for the OR, we're running the company for EPS growth, operating income, free cash flow\" — Jean-Jacques Ruest, CEO, Q2 2021 earnings conference call",
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      "text": "Source: TCI analysis",
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