Norfolk Southern CEO Alan Shaw criticizes Ancora Holdings' unreasonable settlement responses amidst a proxy fight over the railroad company's board.

Norfolk Southern CEO Alan Shaw has criticized activist investor Ancora Holdings' responses to settlement as "unreasonable", amidst a proxy fight over the railroad company's board. Ancora Holdings aims to add eight directors to Norfolk Southern's board and oust CEO Alan Shaw. The company faced criticism after a freight train derailment in East Palestine, Ohio, released toxic chemicals into the environment.

March 27, 2024
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