The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
ISS recommended that shareholders support five of Ancora's seven nominees and seven Norfolk Southern nominees.
Norfolk Southern shareholders should vote for activist Ancora's nominees, proxy advisory firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
INDEPENDENCE, Ohio — The Brotherhood of Locomotive Engineers and Trainmen is now backing activist investor Ancora Holdings and its call for management change at Norfolk Southern. The union’s decision, announced today, is the second in as many days: The union representing maintenance of way workers yesterday swung its support to Ancora. The unions represent 41.5% []Read More
ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, Institutional Shareholder Services said on Thursday.
CLEVELAND – With less than a week to go in its Norfolk Southern proxy fight, activist investor Ancora Holdings has questioned the railroad’s service improvements, won support from a small proxy advisory firm, and sought to woo shareholders with a letter from CEO candidate Jim Barber Jr. NS has touted the pace of operational improvements []Read More
Norfolk Southern shareholders should elect five of an activist investor’s seven board candidates but retain embattled CEO Alan Shaw, proxy advisory firm Institutional Shareholder Services recommended today. If institutional shareholders follow the ISS guidance at the NS annual meeting on May 9, it would leave Ancora Holdings two seats short of a majority on the []Read More
If activist investor Ancora Holdings wins its Norfolk Southern proxy battle this week, its new management team aims to generate unprecedented growth in carload traffic over the next four years. Ancora plans to run the same playbook that CSX has used since it shifted to a Precision Scheduled Railroading operating plan in 2017. Improve your []Read More
A huge labor endorsement went to President Joe Biden today. The Associated Press reports: “President Joe Biden picked up the endorsement of North America’s Building Trades Unions at a Wednesday event where the president and his allies set out to dismantle Republican Donald Trump’s reputation as a successful real estate developer. “Donald Trump is incapable… Source
Union workers are feeling increasingly emboldened to reject tentative agreements as they fight to join the ranks of those benefiting from the recent wave of wage gains, experts say. “It's pretty clear to me that there is an uptick in workers rejecting agreements that have been recommended by their contract bargaining committees,” said Barry Eidlin, an associate professor of sociology at McGill University. It’s a sign that their expectations have risen significantly over the past few years,...
Graeme McCormick said he had the support to run but is backing former Scottish deputy first minister, who is sole official candidateA Scottish National party activist has pulled out of the race to become its new leader and has endorsed John Swinney as Scotland’s next first minister.Graeme McCormick, who stood to become SNP president in 2023, earlier claimed he could gather the 100 signatures needed from 20 different party branches to mount a challenge for the leadership. Continue reading
This is the first time in over four decades that a group of firefighters have been on a lock out in the U.S.