Investors trying to take control of Norfolk Southern railroad pick up key support
Time:2024-04-30 13:24:49 Source:worldViews(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:Supreme Court rejects Musk appeal over Tesla tweets
Next:China's archaeological site parks register strong revenue growth
You may also like
- Classic Peking Opera films set for screening in Beijing
- Xi congratulates Pellegrini on election as president of Slovakia
- Xi Stresses Strengthening Farmland Protection, Quality Improvement
- Xi Story: Prioritizing Regular Physical Exercises from an Early Age
- King and Queen jet back to London for public
- Scenery of Tuiwa Village by Puma Yumco Lake in Tibet
- Economic Watch: Improving logistics indexes reflect China's economic recovery
- Significant upgrade of Japan
- Analysis: IndyCar cheating scandal risks sullying Roger Penske's perfect image