An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
Category: Shaw, Alan
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Activist Ancora Wins Three Norfolk Southern Board Seats but Will Not Oust CEO
An activist investment firm failed to replace the railroad’s top executive and all its directors, but did win three seats on its board.
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Norfolk Southern Faces Activist Investor Challenge
A year after a derailment in Ohio raised questions about rail safety, an investment firm is seeking to install new management in an effort to increase profits.