Dissident shareholder Bill Ackman has lobbed another salvo at Canadian Pacific Railway’s management and board, this time in the proxy circular soliciting votes for his plan to redo the board and management of the company, and there’s no let up in his barrage of arguments.
The U.S. hedge fund that’s trying to unseat the current leaders of Canadian Pacific Railway Ltd., took another step forward Thursday by officially inviting CP shareholders to vote for an alternative slate of directors.
Activist investor William Ackman argued once again on Thursday that only a new chief executive can lead Canadian Pacific Railway to recovery, in a proxy pitch to shareholders that also seeks support for his slate of seven board nominees.
U.S. investor activist Bill Ackman says Canadian Pacific Railway Ltd. has provided lavish compensation to its top executive during a six-year period of negative returns for shareholders.
William Ackman, the hedge-fund manager pressing Canadian Pacific Railway Ltd. (CP) for a leadership change, said the carrier is losing market share to rivals under current Chief Executive Officer Fred Green.
Activist investor Bill Ackman is urging his fellow shareholders in Canadian Pacific Railway Ltd. to withhold their votes for all of the railway’s existing directors as the easiest way to implement a management change at the company
U.S. investor activist Bill Ackman is urging Canadian Pacific Railway Ltd. shareholders to back his hedge fund’s alternative slate of directors.
One of Canadian Pacific Railway Ltd.’s larger shareholders has stepped forward to voice concerns about management’s strategy of putting the customer in the middle of its ongoing proxy fight with an activist shareholder Bill Ackman.
Bill Ackman is addressing a key criticism of his proposed directors for the Canadian Pacific board, adding a railway veteran to the slate.
The U.S. hedge fund Pershing Square Capital Management, which is locked in a proxy fight at Canadian Pacific Railway, has added a former U.S. railroad executive to its slate of nominees for directors.