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 07:25:24 source:World Warp 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
  • Red Lobster seeks bankruptcy protection after closing some restaurants
  • Kohli reacts angrily to his full
  • 8 shot, 2 men killed at a party in Memphis park
  • I auditioned for Britain's Got Talent ten years ago and it looks nothing like what you see on TV
  • Jon Wysocki dead at 53: Staind drummer passes away
  • British conductor Sir Andrew Davis dies aged 80: Much
  • Billy Horschel goes to Dominican Republic. He returns a PGA Tour winner again
  • Korda 1 stroke back in suspended 3rd round of Chevron Championship as she chases 5th straight win
Recommended content
  • Amtrak train hits pickup truck in upstate New York, 3 dead including child
  • Luis Gil gets 1st big league win in 3 years, pitches Yankees over Rays 5
  • Inside the Los Angeles highway houses: Sky
  • Only one member of the royal family has ever run the London Marathon
  • Red Lobster seeks bankruptcy protection after closing some restaurants
  • Barcelona midfielder De Jong leaves 'clasico' on a stretcher after right leg injury