Activist Ancora endorsed by second Norfolk Southern union, splitting labor support
Publishing timestamp: 2024-04-26 13:09:03
Summary
The BLET Teamsters are backing activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management. This is the second union endorsement for Ancora's seven-director slate, with roughly half of the unionized workforce at Norfolk Southern supporting the activist. The battle for shareholder support ahead of the May 9 annual meeting continues, with unions and activists making their cases.
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Keywords: mergers and acquisitions, breaking news, activism, business, breaking news: business, business news, norfolk southern corp,
Source: https://www.cnbc.com/2024/04/26/activist-ancora-endorsed-by-second-norfolk-southern-union.html