Norfolk Southern activist Ancora wins three board seats but falls short of ousting CEO
Publishing timestamp: 2024-05-09 14:59:25
Summary
Norfolk Southern shareholders elected three of Ancora's director nominees but did not oust incumbent CEO Alan Shaw, signaling a desire for change at the railroad. Ancora's activist campaign saw unexpected support from unions, customers, and proxy advisory firms, but Shaw remains in his position for now.
Sentiment: MIXED
Tickers: NSC,
Keywords: breaking news: business, technology, transportation, business, norfolk southern corp, breaking news, breaking news: technology, business news,
Source: https://www.cnbc.com/2024/05/09/norfolk-southern-activist-wins-three-board-seats-at-railroad.html