Norfolk Southern reaches $310m settlement
More than a year on from the East Palestine, Ohio, derailment and its associated chemical ...
Photo: Alan Stoddard, Dreamstime.com
Ancora Capital’s $1bn push to take control of Norfolk Southern Railway (NS) has failed.
NS shareholders voted to keep 10 of the 13 board members in place, including CEO Alan Shaw and COO John Orr, while activist investor Ancora only saw three of its seven candidates accepted.
Ex-UPS COO Jim Barber and Jamie Boychuk – nominated to take over as CEO and COO respectively – failed to be endorsed by shareholders.
One of the casualties ...
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