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 articles:
Related suggestion:
Italy seeks G7 message to deDozens of Russian athletes are likely to qualify for the Paris Olympics. Will Moscow let them go?Influencer Laura Lee reveals she spent $2,000 buying Kylie Jenner's USED designer shoesEnvoy says US is determined to monitor North Korean nukes, through the UN or otherwiseGolden Knights defeat Blackhawks 3AP mock NFL draft 3.0: 8 trades, including 2 in the top 5 highlight AP's final mock draftGeorgia's parliament votes to approve soTaylor Swift teases The Tortured Poets Department album release week with Spotify messageA woman who accused Trevor Bauer of sex assault is now charged with defrauding exSouthern California city council gives a key approval for Disneyland expansion plan
2.0735s , 6499.265625 kb
Copyright © 2024 Powered by Investors trying to take control of Norfolk Southern railroad pick up key support ,Global Grandeur news portal