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Stock impact report

Activists looking to oust Norfolk Southern management get key support [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
have taken a major hit to their survival efforts following the recommendation of Glass Lewis to back the proxy battle undertaken by Ancora Holdings. Glass Lewis is an independent proxy advisory firm that makes recommendations to institutional shareholders about how to vote in proxy battles. News reports about the firm inevitably use the word “influential” to describe it. For example, Glass Lewis came out in support of the existing management of Disney in a proxy battle with activist investor Nelson Pelz, a fight that Disney management won. As of publication time, the Glass Lewis report was not available, but Ancora, which is challenging the management of Norfolk Southern (NYSE: NSC) , released a statement Monday on the proxy adviser's recommendations that institutional investors back the effort to replace Norfolk Southern CEO Alan Shaw, newly hired COO John Orr and seven directors. “Having given due consideration to the arguments presented by each side, we believe Ancora has p Show less Read more
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