Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him. Since the railroad already preannounced its disappointing results earlier this month when it disclosed a $600 million settlement over the disastrous February 2023 Ohio derailment there were few surprises in Wednesday’s numbers.
Source link
Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of board vote
Related Posts
Nike CEO John Donahoe is out, replaced by company veteran Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan…
Brazil X: Court fines Musk website for site’s brief return
Brazil has fined Elon Musk’s companies after some users in the country were able to briefly access the social media platform X, despite a ban imposed last month.Brazilian users swarmed…