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Hace 5 días · By Peter Eavis. May 9, 2024. Shareholders of Norfolk Southern, the beleaguered freight railroad, on Thursday voted down an attempt by an activist investment firm to remove the company’s chief...
Hace 5 días · Updated 8:04 AM PDT, May 9, 2024. Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away.
Hace 5 días · “It’s a big win for Norfolk Southern but they remain on notice,” he said. Ancora’s campaign to rein in costs at the railway operator drew criticism from many industry observers, who warned ...
Hace 5 días · Norfolk Southern shareholders on Thursday voted to elect three of dissident Ancora’s director nominees but fell short of ousting incumbent CEO Alan Shaw, capping a remarkable proxy fight at one...
Hace 4 días · Activist investment firm Ancora has seen three of its nominees elected to the board of railroad Norfolk Southern (NS) after a months long proxy battle, but failed to oust CEO Alan Shaw or COO John Orr, with both sides claiming victory as a result. Results announced during the company’s Annual Meeting saw shareholders elect the three Ancora ...
Hace 5 días · Activist investor Ancora Holdings won three board seats at Norfolk Southern but failed to oust the railway's chief executive, disappointing investors who pushed the stock price lower in early trading.
Hace 4 días · The votes from Norfolk Southern’s May 9 42nd Annual Meeting Shareholders have been tabulated and the results are clear. Following a months-long proxy battle launched by activist investor Ancora Holdings Group and punctuated by harsh rhetoric and personal attacks, 10 of Norfolk Southern’s existing Board members remain in place.
