Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
Publishing timestamp: 2024-02-27 14:58:56
Summary
Proxy fight at Norfolk Southern has been launched by activist investors, drawing in politicians and regulators. The battle is over the company's CEO and management team, with both sides presenting opposing lineups. The company's stock has underperformed, and the activists are seeking to replace the CEO with former UPS executive Jim Barber. The company and its CEO have been praised for improving safety standards, but there are concerns about labor issues and efficiency. The outcome of the proxy battle remains uncertain.
Sentiment: MIXED
Tickers: UPS, CNR-CA, DAL, CSX, HD, MDT, NSC, CNI,
Keywords: business news, breaking news, norfolk southern corp, donald trump, palestine, medtronic plc, home depot inc, breaking news: business, joe biden, csx corp, business, united parcel service inc, activism, canadian national railway co, transportation, delta air lines inc, mergers and acquisitions, john kasich,