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Activist investor Ancora has successfully secured three board seats at Norfolk Southern, falling short of ousting CEO Alan Shaw. AREX Capital Management is also seeking seven board seats at Enhabit to address poor financial performance. The annual meeting of shareholders saw a significant board challenge at both companies.
Norfolk Southern $NSC prevails in landmark proxy fight with activist Ancora https://t.co/Svml68XfFq https://t.co/ChrVhIsRjN
Norfolk Southern’s shareholders on Thursday voted against an activist investor’s proposal to unseat Alan Shaw as CEO https://t.co/CEitsVxYj3 https://t.co/CEitsVxYj3
Norfolk Southern’s CEO Survives Activist's Push to Oust him. Ancora, the activist investor, says they will keep fighting. https://t.co/hRGLVgD50C via @WSJ
