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Norfolk Southern urges shareholders to vote for its nominees on white proxy card, as board of directors is composed of industry leaders with diverse expertise; company says Ancora wishes to replace board with nominees who 'lack necessary qualifications'
Published: March 26, 2024 by PR Newswire
Ancora, which owns a large equity stake in Norfolk Southern, criticizes company's decision to appoint third COO in two years; investor accuses board of working in self-interest by paying US$25M to hire COO with no experience as Eastern railway operator
Published: March 20, 2024 by Business Wire
Norfolk Southern faces pressure after train derailment in Pennsylvania, criticism from activist investor group Ancora that's seeking to replace CEO; company's 2023 net income and revenue fell but CEO compensation rose, sparking further backlash
Published: March 04, 2024 by Atlanta Journal-Constitution
Ohio-based investment firm Ancora launches attempt to replace management of Norfolk Southern, in response to hazardous materials train derailment last year; group has proposed that former UPS COO Jim Barber become CEO of NS
Published: February 20, 2024 by Atlanta Journal-Constitution
Ancora Holdings-led investor group takes US$1B stake in Norfolk Southern and nominates board directors in bid to oust CEO Alan Shaw on dissatisfaction over handling of 2023's train derailment in Ohio and missed operating targets
Published: February 02, 2024 by Reuters

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