Overview
- ISS endorses five of Ancora's seven nominees, excluding CEO pick Jim Barber, but acknowledges his credibility.
- Glass Lewis supports six Ancora nominees, including CEO candidate Jim Barber, emphasizing the need for substantial leadership overhaul.
- Two major unions and Cleveland-Cliffs, a key customer, back Ancora's bid to replace current CEO Alan Shaw and other board members.
- Ancora's campaign gains momentum with endorsements from influential proxy advisors and significant stakeholders.
- The shareholder vote on May 9 will be crucial in determining the future leadership and strategic direction of Norfolk Southern.