Ancora's activist strategy: Why the firm is targeting Norfolk Southern

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CNBC Television

CNBC Television

4 ай бұрын

CNBC’s Leslie Picker and James Chadwick, Ancora president of alternatives, join 'Squawk Box' to discuss the firm's activist stake in Norfolk Southern, why Ancora is targeting the railroad company, and more.

Пікірлер: 16
@MACK4114
@MACK4114 2 ай бұрын
The East Palestine derailment was almost literally the direct result of PSR.. Build these ridiculously large trains that are at maximum tonnage/length and keep them moving down the line no matter what.. Furlough all of the Car Men, Car Shop, and Roundhouse employees that inspect these trains and cars to ensure they’re in safe working order.. give them 30 seconds to inspect each car and stretch them so thin that is not realistically possible to do their jobs correctly. All they want is to get the longest/heaviest trains to their destinations as quickly as possible.. We’ll deal with safety concerns later. The way Ancora sees it, “Profits first, Safety last”. As long as these big investor groups like Ancora can pad their pockets and stuff their fat faces that’s all they give a damn about. They have no concern for the safety/security of the employees busting their asses day and night to pad their pockets for them. Nor do they have any concern for the communities these trains run through because they don’t live in them. Ancora is a JOKE. ALL THEY WANT IS TO INITIATE PSR 2.0!!!
@milepost4846
@milepost4846 4 ай бұрын
This guy they are interviewing is a big joke. Ancora does NOT deserve one bit of a takeover in Norfolk Southern. I could do nothing but laugh at this guy's interview with how they understand NOTHING about how a railroad operates and yes, PSR was to blame for the East Palestine derailment, when you try to run massive trains, especially in curvy and hilly territory you are asking for trouble and that Ancora investor guy James Chadwick needs to figure that out. I so much want to email him and tell him he needs to STAY AWAY because I am an investor in NS and if we get to vote on this, I promise you I will vote against his move. Ancora needs to either invest in something else or disolve itself, reading about their company they just appear like crooks.
@kevincarter6472
@kevincarter6472 4 ай бұрын
As an employee at Norfolk Southern I can say Alan Shaw has been a huge asset to its employees and customers. These people trying to take over care about one thing. Profits!! The East Palestine derailment was a product of alot of the PSR processes that Alan Shaw has tried to filter out thus the higher Operating Ratio. Thats what happens when you spend the required money to have quality people with quality infrastructure operating safely on our railroads. Mark my words employees, customers and our communities will suffer when and if this company can complete a take over.
@milepost4846
@milepost4846 4 ай бұрын
East Palestine is the least of Ancora's worries, they are just using it as an excuse to sell the idea. It's all to profit off their idea, Jamie Boychuk will come in, do his damage like he did at CSX closing yards, ripping up tracks and NS will be bare bones before Alan Shaw can actually clean up the damage of the Jim Squires years. I left NS in 2018, I was tired of being a toy to groups like Ancora. I just hope NS actually would survive this if allowed. Praying for you all there.
@willschwabenbauer2577
@willschwabenbauer2577 3 ай бұрын
I hope Mr. Shaw has a backbone and tells Ancora to go to Hell. I lost my job at NS in 2019 because of PSR crap.
@javarbradford6099
@javarbradford6099 3 ай бұрын
Well said
@DannyBadyna-kt5uc
@DannyBadyna-kt5uc 2 ай бұрын
The man has never set foot in a rail yard. Man sits behind a desk all day
@TK-ec5bv
@TK-ec5bv Ай бұрын
Ancora got their goose cooked at the NS shareholder meeting. Bye bye Boychuk and Barber.
@wyattadams180
@wyattadams180 Ай бұрын
Alan Shaw had nothing to do with East Palestine. If you want to blame someone it was Cindy Sanborn.
@jimslaight4385
@jimslaight4385 4 ай бұрын
Nice hair mr Ancora...
@milepost4846
@milepost4846 3 ай бұрын
That guy just looks like a crook on there. I wouldn't trust him with my life. But you can tell he is one that wouldn't help one if they were desperate, he just wants boat loads of money, these activist investors should be illegal.
@jimtrack3786
@jimtrack3786 3 ай бұрын
Answer me this. PSR means one human in the cab. No one else on the train. What happens when the engineer has a heart attack? Who comes to his aid? Answer me that Wall Street!
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