Re: And in other rail news: The beatings will continue, until morale improves......
Author: Zulu Charlie Kilo
Date: 03-01-2024 - 20:21
Waterbed Lou Wrote:
-------------------------------------------------------
> What are they complaining about now?
OMAHAHA, Neb. (AP) — Norfolk Southern wants its shareholders to back its current management team and strategy and reject a bid from a group of investors seeking to take control of the railroad.
The Atlanta-based railroad urged shareholders to reject Ancora Holdings’ eight board nominees in a proxy statement Monday morning with the Securities and Exchange Commission. Norfolk Southern also nominated two new board members of its own — a former Amtrak CEO and a former U.S. Senator — that the railroad argues will provide valuable fresh perspective without derailing its current plan.
“We are confident that the continued execution of our balanced strategy — under the vision and leadership of Alan Shaw — is critical as we prioritize operational rigor, safety, and service,” said board chair Amy Miles.