Norfolk Southern CEO Alan Shaw appeared on ‘Closing Bell Overtime’ to address the ongoing battle with Ancora and the proxy advisor firm Glass Lewis siding with the activists ahead of the May 9th vote. Shaw emphasized the company’s strong position, highlighting its financial performance and operational improvements.
Shaw also provided updates on the railroad’s progress on its operations, noting the implementation of precision scheduled railroading and other initiatives to improve efficiency. He expressed confidence in the company’s ability to continue delivering strong returns for shareholders despite the challenges posed by Ancora and Glass Lewis.
