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Stock impact report

Proxy adviser on Norfolk Southern: Overhaul board but keep CEO Shaw [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
investor Ancora Holdings, but the latest report, while mostly critical of NS, recommends that CEO Alan Shaw keep his job. Whereas proxy adviser Glass Lewis recommended that shareholders not vote in favor of Shaw to remain as a Norfolk Southern (NYSE: NSC) director — in essence, a vote to oust him because the CEO would be expected to also serve as director — ISS' recommendation is that shareholders vote to keep Shaw on the board at the company's annual meeting May 9 (though voting is already underway). At the same time, ISS recommends that five of the proposed directors put up by Ancora be elected to the board to steer the company in a different direction. One Ancora nominee ISS doesn't back for a seat as a director: James Barber, the former UPS executive whom Ancora has picked to be the new CEO of Norfolk Southern if it controls the board. If Shaw stays as CEO under ISS' scenario, there isn't room for Barber. “He appears to be a capable candidate with experience and skills tha Show less Read more
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