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- Sep 15, 2017
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Interesting situation brewing in relation to Norfolk Southern. They are in the midst of a revolt by an activist group of shareholders. Regulators have praised CEO Shaw’s response to the East Palestine incident and safety culture changes which has reduced the number of derailments. The concern of regulators and even passenger advocacy organizations that have weighed in is that this activist group of shareholders is primarily motivated by the affect of the response on short term gains and operating ratios and wants to dump Shaw in order to get back to the regular PSR order of things. Interestingly one of the board members NS just announced to try to fend off the challenge is none other than….Richard Anderson.
https://www.trains.com/trn/news-rev...ts-activist-investors-short-sighted-strategy/
https://www.trains.com/trn/news-rev...ts-activist-investors-short-sighted-strategy/