Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Investors trying to take control of Norfolk Southern railroad pick up key support !

Investors trying to take control of Norfolk Southern railroad pick up key support

Time:2024-05-21 14:01:23 source:Worldly Wisdom news portal

The activist investors trying to take control of Norfolk Southern’s board are picking up key support, but the railroad’s CEO promised Monday to fight the takeover attempt until a May 9 shareholder vote because he believes his strategy is the best in the long run for investors, customers and workers.

Ancora Holdings’ bid to elect seven new directors and replace management at the Atlanta-based railroad has gained the backing of one of the major proxy advisory firms, one of the railroad’s biggest customers and two of its largest labor unions in recent days.

But CEO Alan Shaw said he believes he still has the support of most of the railroad’s workers, investors and customers.

“The choice really couldn’t be any more clear for our shareholders,” Shaw said an interview with The Associated Press. “We make promises and we’ve continued to keep our promises, and we will continue to deliver. And we’ve got a long-term vision for Norfolk Southern where shareholders win, as opposed to the activists who’ve got a short-term and erratic approach where shareholders lose.”

Related information
  • US overdose deaths dropped in 2023, the first time since 2018
  • Gemma Collins confesses to making herself look FATTER in social media snaps to earn cash
  • How Anya Taylor
  • It Ends With Us first official trailer released! Blake Lively shares steamy scene with co
  • Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue
  • Pink Princess and wannabe fashion designer Maria Chiara rocks DIY dress in Cannes
  • Theft of more than 400 vehicles in Michigan leads to the arrest of 6 men
  • Man convicted of murder in Detroit teen's death despite body still missing in landfill
Recommended content
  • Six killed in a 'foiled coup' in Congo, the army says
  • China's Swap Connect further enhanced to promote financial opening up
  • Biden marks Brown v. Board of Education anniversary amid signs of erosion in Black voter support
  • Struggling to focus? Stop multitasking and try the 'pull method' instead
  • California congressman urges closer consultation with tribes on offshore wind
  • Louisville native Justin Thomas has work to do at PGA Championship, but 2