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Influential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing him as a "credible director and CEO candidate nonetheless." Ancora is seeking to oust both current CEO Shaw and newly appointed COO John Orr. ISS recommends shareholders support Ancora nominees William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry and John Kasich. "As board chair, Amy Miles arguably bears the most responsibility for this state of affairs," ISS' report read. WATCH: CNBC's full interview with NSC CEO Shaw on activist campaign
Persons: Jim Barber, Glass Lewis, Alan Shaw's, Barber, Amy Miles, Ancora, Shaw, John Orr, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, John Kasich, Orr, Sen, Heidi Heitkamp, Richard Anderson Organizations: Norfolk, ISS, CNBC, Vanguard, BlackRock, Norfolk Southern, Delta Locations: Norfolk Southern, East Palestine , Ohio, Norfolk
Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.
Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora
The poll, taken Tuesday through Friday, also found more registered Republicans in the state view Haley unfavorably (47%) than favorably (31%). Trump, meanwhile is viewed favorably by 76% of registered Republicans and unfavorably by just 16%. Some Haley supporters interviewed at her events are left-leaning voters who have little ideological overlap with Haley but are intent on stopping Trump. The day before, he won a rousing endorsement from South Carolina Sen. Tim Scott, whom Haley appointed to the Senate when she was governor. “I think I know what favorable territory is in South Carolina.
Persons: — Richard Anderson, he’s, Anderson, Jackson, Nikki Haley, Donald Trump, “ I’ll, she’s, , John McCain, Republicans ’, Nathan Shrader, , Haley, Trump, Corinne Pullen, Pullen, Haley’s, , ” Trump, Chris LaCivita, South Carolina Sen, Tim Scott, that’s, Dante Scala, McCain, ” Haley doesn’t, Chris Sununu, Ron DeSantis, I’m, Phil Scott, Biden, Kristen Mansharamani, Mansharamani, Haley’s caucusgoers, Amy Watson, Hollis, Emily Swanson, Jill Colvin, Joseph Frederick, Linley Sanders Organizations: CONCORD, Republican, Mount Washington, New, Republicans, New England College, GOP, CNN, University of New, Trump, Democrats, South, Senate, South Carolina, PAC, New Hampshire Gov, , Florida Gov, Vermont Gov, New Hampshire voters, Trump Republicans, AP VoteCast, Washington , Associated Press, Associated Press Locations: N.H, New, New Hampshire, University of New Hampshire, Canterbury, South Carolina, Tuesday's, Trump, Vermont, Lincoln, In Iowa, Iowa, Washington ,, Washington
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