Norfolk Southern Defeats Activist Attempt to Sack Rail CEO

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Norfolk Southern Defeats Activist Attempt to Sack Rail CEO
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Investors backed a majority of Norfolk Southern Corp.’s board nominees, a win for Chief Executive Officer Alan Shaw in a bitter fight with an activist intent on throwing out the railroad’s leaders.

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Activist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEOActivist investor wins 3 Norfolk Southern board seats but won’t have control to fire CEONorfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away.
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Activist investor wins several Norfolk Southern board seats but won’t have control to fire CEOActivist investor wins several Norfolk Southern board seats but won’t have control to fire CEONorfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but he won’t be fired right away.
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Cleveland-Cliffs Backs Activist in Norfolk Southern Proxy BattleCleveland-Cliffs Backs Activist in Norfolk Southern Proxy BattleCleveland-Cliffs Inc., a major customer of Norfolk Southern Corp., has backed activist investor Ancora Holdings Group in its effort to overhaul the board of the railway company.
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