This article is going to discuss the 15 Largest Metro Networks in the World. If you wish to skip our analysis of transportation sector of the world and the metro rail infrastructure market, you can go directly to 5 Largest Metro Networks in The World. Growth of cities has been phenomenal in the recent times, […]
Egan-Jones is the third proxy advisory firm to support Ancora director candidates after Institutional Shareholder Services supported five of Ancora's seven nominees and Glass-Lewis backed six of the hedge fund's director candidates. Egan-Jones said the Atlanta-based railway's board has failed its "oversight responsibilities by allowing a non-optimum approach to operational transformation" at Norfolk Southern.
Proxy advisory firm Egan Jones said on Thursday that it recommended Norfolk Southern shareholders vote for activist investor Ancora's nominees to the company's board and backed a CEO change at the railroad. The advisory firm said it favored Ancora's plan to replace the company's current CEO Alan Shaw with former UPS executive Jim Barber and elect seven of its candidates to the railroad's 13-member board.