Norfolk Southern loses support of engineers’ union in proxy battle with activist investor (updated)
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AFL-CIO urges Norfolk Southern shareholders to vote against activist investor’s proposals
WASHINGTON — The AFL-CIO today became the latest organization to oppose an activist investor’s bid to gain control of Norfolk Southern. “In our view, Ancora’s business plan to reduce Norfolk Southern’s operating ratio while improving safety and service is not realistic. Railway labor unions, shippers, and federal regulators have warned that Ancora’s plans may jeopardize []Read More
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Activist investor wins backing of union representing Norfolk Southern maintenance of way employees (updated)
CLEVELAND – The union representing Norfolk Southern’s maintenance of way employees has thrown its support behind activist investor Ancora Holdings. The Brotherhood of Maintenance of Way Employes Division of the International Brotherhood of Teamsters said today that a change in leadership is necessary at NS. The union is backing Ancora’s full slate of director candidates []Read More
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Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.