Current location:world >>
Investors trying to take control of Norfolk Southern railroad pick up key support
world621People have gathered around
IntroductionThe activist investors trying to take control of Norfolk Southern’s board are picking up key support ...
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.”
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Station news portal”。http://faroeislands.soorot.com/article-31f999002.html
Related articles
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
worldAmir Khan's £11.5million luxury wedding venue has finally hosted its first marriage after a series o ...
【world】
Read moreLegislators eye growth boost
worldChina is planning to strengthen its legislation concerning the economy this year to accelerate the c ...
【world】
Read moreWashington manipulates freedom of speech, report finds
worldChina Foreign Affairs University in Beijing released a report on "Freedom of Speech in the United St ...
【world】
Read more
Popular articles
- Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
- Von der Leyen wins conservatives' backing to lead EU
- Wang's NZ visit comes at pivotal time in relations, analysts say
- China, Angola elevate bilateral ties
- The Latest
- China urges S Korea to refrain from hyping up S China Sea issue
Latest articles
LINKS
- Panthers beat Maple Leafs 5
- China's political advisors discuss foundations of food security
- Chicago woman pleads guilty, gets 50 years for cutting child from victim's womb
- New leader of Jesse Jackson's civil rights organization steps down just months on the job
- Orioles homer 3 more times in an 11
- Pirates 3B Ke'Bryan Hayes scratched with lower back tightness. Grandal starts rehab assignment
- Outfielder Tommy Pham finalizes minor league deal with slumping White Sox
- Governor's pandemic rules for bars violated North Carolina Constitution, appeals court says
- Barry Keoghan sports a Burberry bandana on his face as he playfully poses with Stormzy at Coachella
- Kiefer Sutherland reunites with Stand By Me co