Council of Institutional Investors

Event Calendar

Monday, April 22, 2024

Webinar: Ancora’s Case for Change at Norfolk Southern

Start Date: 4/22/2024 12:00 PM EDT
End Date: 4/22/2024 12:30 PM EDT

Citing what it calls a failed strategy, poor leadership and ineffective board oversight at Norfolk Southern, Ancora Holdings is waging a proxy fight to replace a majority of the directors on the railroad operator’s board at its May 9 shareholder meeting. During the webinar, members will hear from three of Ancora’s seven nominees about their plans to overhaul Norfolk Southern, which has been under intense scrutiny after a toxic train derailment in Ohio last year. The speakers are: Jim Barber Jr., shipping and logistics industry veteran and former COO at UPS, and also Ancora’s choice to be Norfolk Southern’s CEO; Allison Landry, a former Credit Suisse transportation and logistics stock analyst; and William Clyburn Jr., a former railroad regulator. CII Executive Director Amy Borrus will moderate. Norfolk Southern is considering CII’s invitation to speak to members in a separate webinar. 

Zoom details will be sent within 24 hours of registration.