Investors trying to take control of Norfolk Southern railroad pick up key support
Time:2024-05-21 16:52:33 Source:healthViews(143)
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.”
Previous:Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
Next:French sports minister calls for sanctions after Monaco player tapes over anti
You may also like
- French sports minister calls for sanctions after Monaco player tapes over anti
- A US citizen facing drug charges in Russia appears in court. His case was adjourned until mid
- Not every WNBA draft pick will make her team's roster. Here's why
- Russia fines actress who hosted 'almost naked' party over her calls for peace
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Olivia Dunne calls for boyfriend Paul Skenes to get his Pittsburgh Pirates MLB debut
- Married With Children's WILD behind
- US applications for jobless claims fall to lowest level in 9 weeks
- Biden says Brown v. Board of Education ruling was about more than education