Pershing Square Capital Management on Monday named a railroad veteran to its slate of nominees for Canadian Pacific Railway’s board, in what analysts said was a mostly cosmetic response to criticism that none of its candidates had hands-on industry experience.
Ackman adds railway legend Tobias to alternative CP slate
New York investor Bill Ackman has recruited a U.S. rail legend to bolster his campaign to shake up Canadian Pacific Railway Ltd.
CP arguments may not sway investors against Pershing plan, analysts say
Canadian Pacific Railway Ltd. may have made some valid arguments against a management shakeup at an investor day in Toronto but several analysts questioned Wednesday whether it would be enough to dissuade shareholders from backing the push for change being led by activist investor Bill Ackman and his Pershing Square Capital Management LP.
Poll suggests majority of Canadian Pacific shareholders want change
An investor advisory firm suggests Canadian Pacific Railway Ltd. faces a tough battle in convincing its shareholders that the company is on the right track.
CPR poll back shakeup
A proposal by Canadian Pacific Railway’s biggest investor to replace chief executive Fred Green has support from a majority of investors, a new poll suggests.
Over 90% of CP Rail shareholders want change at railroad: study
A new poll suggests as many as 91% of Canadian Pacific Railway Ltd.’s shareholders want change at the railroad, and nearly three-quarters of them support activist investor Bill Ackman’s push to replace its chief executive, Fred Green, with Hunter Harrison, the former CEO of rival Canadian National Railway Co.
Poll shows CP shareholders in favour of change
A new poll of shareholders of Canadian Pacific Railway Ltd. shows strong support for the dissidents who want a new chief executive officer and changes in the board of directors.
Haggis says CPR’s iconic status attracted him to board
Canadian Pacific is an integral part of the country’s history that ought to be performing better financially, says the Alberta nominee recruited for its board of directors.
Alberta voice enlisted in battle for CP
Bill Ackman has expanded the number of directors proposed for Canadian Pacific’s board as part of his ongoing fight to install the CEO of his choosing at the railway, adding Alberta businessman Paul Haggis to the slate.
Pershing adds Westerner Paul Haggis to Canadian Pacific slate of nominees
Bill Ackman said Wednesday he has added Western heavyweight Paul Haggis, the chairman of Alberta Enterprise Corp., to his slate of nominees for the board at Canadian Pacific Railway Ltd.
