Re: Activists Gunning for Control of Norfolk Southern and Ouster of CEO
Author: Peter Short
Date: 02-06-2024 - 16:48
The CEO of NS has turned his back on PSR and not laid off all kinds of train personel, instead
cross training them for engine service. Trains magazine ran a piece on this a couple of issues ago and they wondered if activist investors would tolerate keeping people around and
preparing for the eventual upturn in traffic -- looks like they are not tolerating making
future profits and want their money now. UP is still cutting everywhere except on Superbowl
Specials.