ISS says unions and pension funds should back Norfolk Southern activist investor [CNBC]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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US:NYSE Investor Relations:
nscorp.com/content/nscorp/en/investor-relations.html
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Source: CNBC
ISS' Taft-Hartley Advisory Services and Social Advisory Services, which focus their recommendations on regulated unions and socially-responsible investors respectively, said in their reports, which were both viewed by CNBC, that an Ancora majority would help address “negligence” by the current board and address its “serious concerns with accountability.” “The proxy contest is centered on a debate over which management team is best suited to the lead the company forward. It is therefore important to provide the dissident with a voice that is loud enough to have its case for management change appropriately considered,” both reports said. The recommendations also voiced their support for Ancora's CEO pick Jim Barber as a “credible” director and chief executive, undercutting criticisms that his lack of railway experience was a liability. The former UPS executive “appeared to to be a capable candidate with experience and skills that should be transferable to the railroad industry,” th
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NSC
Earnings
- 4/24/24 - Miss
NSC
Sec Filings
- 5/15/24 - Form 8-K
- 5/14/24 - Form 4
- 5/10/24 - Form 144
- NSC's page on the SEC website