Proxy advisor ISS says unions and pension funds should back Norfolk Southern activist investor
Publishing timestamp: 2024-05-02 13:33:14
Summary
ISS recommends ESG-focused investors and union pension plans to back activist Ancora and its CEO pick Jim Barber at Norfolk Southern's annual meeting. The endorsements carry weight in the heavily unionized industry and at a railroad dealing with the aftermath of a toxic chemical derailment. Union support has been divided between management and the activist investor.
Sentiment: POSITIVE
Tickers: NSC,
Keywords: breaking news: technology, technology, norfolk southern corp, activism, labor economy, business news, mergers and acquisitions, breaking news: business, social issues, breaking news, business,
Source: https://www.cnbc.com/2024/05/02/norfolk-southern-iss-activist-third-proxy-advisor-endorsement-.html