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Stock impact report

Proxy fight to play out for control of Norfolk Southern railroad at May shareholders meeting [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Ohio-based Ancora Holdings Group on Monday said yes to Glass, Lewis and Company's call for Norfolk Southern Corporation shareholders to vote to elect six new Ancora-backed board members at Norfolk's upcoming May 9 shareholders meeting. "We believe Ancora has presented a compelling case for supporting a substantial overhaul of the Company's current leadership," Glass Lewis' report noted regarding the need for a change in leadership at Norfolk Southern. The San Francisco, Calif.-based Glass Lewis is a leading independent proxy advisory firm, and Ancora owns a large equity stake in the Atlanta, Ga.-based Norfolk Southern Corporation. Glass Lewis had recommended to shareholders Ancora nominees Betsy Atkins, James Barber Jr., William Clyburn Jr., Sameh Fahmy, Gilbert Lamphere and Allison Landry. They also called for current board Chair Amy Miles, board director Claude Mongeau and Norfolk Southern's CEO Alan Shaw to "be immediately replaced due to their apparent responsibility Show less Read more
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