The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
The BLET Teamsters said they would back activist Ancora's efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
The BLET Teamsters, which represents the engineers and trainsmen who operate Norfolk Southern's locomotives, said Friday they're throwing their weight behind Ancora. Union support is unusual for an activist railroad campaign. The BLET Teamsters initially said they would vote their shares with management in February, but decided to back the plan for leadership change following outreach and meetings from CEO pick Jim Barber and Ancora's COO nominee Jamie Boychuk.
The BMWED Teamsters also initially came out against the activist's plan in February, before deciding to back Ancora.People wait in line at the Norfolk Southern Assistance Center to collect a $1000 check and get reimbursed for expenses while they were evacuated following a train derailment prompting health concerns on February 17, 2023 in East Palenstine, Ohio.Norfolk Southern and Ancora are fighting to win support from the railroad's shareholders ahead of a May 9 annual meeting.
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