Norfolk Southern's first-quarter earnings report provided the opportunity for CEO Alan Shaw to defend his strategy ahead of an upcoming investor vote on May 9. Activist shareholders, including the Teamsters union, are supporting Ancora in a proxy fight to oust existing management and board members. The railroad is facing increased pressure from activist investors targeting the North American railroads industry.
Activist Ancora endorsed by second Norfolk Southern union in proxy contest https://t.co/kU9T3B7xHh
Activist investors have targeted few industries as much as North American railroads, and now they're coming for Norfolk Southern https://t.co/oc9muBoGx4 via @blsuth @kielporter @business #HedgeFunds #ActivistInvestor
Activist investors have targeted few industries as much as North American railroads, and now they're coming for Norfolk Southern https://t.co/jWxSc0JKie
Unusual: a union is backing effort by activist shareholder Ancora to oust existing mgmt and several board members at $NSC. Unions usually comfortable with the devil they know. But Brotherhood of Maintenance of Way Employees Division of the @Teamsters is backing Ancora. #rail https://t.co/amN7GnpHQS
Teamsters union endorses activist Ancora in Norfolk Southern proxy fight https://t.co/GVFha2XWKs
Activist shareholder steps up campaign against Dye & Durham in open letter to other investors /via @globeandmail https://t.co/i0J622RYO4
Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of control vote https://t.co/KwRoffRYvQ
Norfolk Southern's first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw's strategy again before investors decide on May 9 whether to back him. Since the railroad already preannounced its... https://t.co/eE9EFdETU8