On March 1, 2024, Ancora Holdings Group announced that it has issued a letter to Norfolk Southern Corporation?s Chair, Amy Miles. Ancora Holdings stated that it has asked the Board to reflect on the points before continuing to spend the Company?s money, time and reputational currency on a scorched-earth campaign that will be associated with directors: i) Shareholders are confounded by the Board?s decision to award Alan Shaw a raise for 2023, ii) Shareholders are concerned the Board is pursuing a scorched-earth campaign that involves poisoning the well with key stakeholders of the railroad, iii) Shareholders want an election contest to be defined by facts and ideas.
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