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Canadian Railroads > CN CEO announces retirementDate: 10/20/21 12:20 CN CEO announces retirement Author: ORNHOO Under pressure from TCI after the failed merger with KCS: https://finance.yahoo.com/news/canadian-national-railway-says-ceo-211724608.html
Date: 10/20/21 14:40 Re: CN CEO announces retirement Author: Lackawanna484 Elliott Management, another activist firm, also announced it owns a "substantial' position.
TCI owns "more than 5%", Elliott owns less than TCI Posted from Android Date: 10/20/21 18:39 Re: CN CEO announces retirement Author: Maximus I am at a loss to understand how a fund that owns just five percent of CN stock can have so much control and influence over the management of the railroad.
Date: 10/21/21 03:48 Re: CN CEO announces retirement Author: Lackawanna484 I believe Canadian law allows share owners holding at least 5% of shares to request a special meeting, propose directors to stand at the next voting etc.
Posted from Android Date: 10/21/21 06:52 Re: CN CEO announces retirement Author: Juniata JJ is perhaps a year younger than me. I pulled the pin two and a half years ago so he is definitely at the retirement threshold. JJ is a genuinely nice guy and I can well imagine he simply has no desire to wage a prolonged battle with these activist numb nuts. It’s almost certainly better for his and his families mental health to say the hell with it and pull the pin.
I would do the same thing were I in his position. Let the younger folks fight this one! CW Posted from iPhone |