We seek your vote in support of all seven Nominees for Management Change and our mission to raise CP from its current position as the worst performing Class I railroad in North America to its rightful place as one of the best.
The materials below detail our case for the election of the Nominees for Management Change and the replacement of current CEO Fred Green. To summarize: for the past six years, the Board and Mr. Green have led CP down the wrong track. Since Mr. Green became CEO:
- – CP dropped to dead last in operating performance among Class I North American railroads.
- – CP’s total return to shareholders prior to our investment was negative 18% while the other Class I North American railroads delivered strong positive total returns of 22% to 93%.
Despite this poor record, the Board continues to support Mr. Green and the status quo. It’s time for a change. With a revitalized Board and a new CEO such as legendary railroad CEO Hunter Harrison, we are convinced CP will return to its position as a leader among Class I North American railroads.
Please check back regularly for updated materials.