Rick Clough
Norfolk Southern Corp. nominated two new director candidates as the beleaguered railroad faces pressure from an activist shareholder aiming to replace the CEO and overhaul the board. The company proposed former Delta Air Lines Inc. Chief Executive Officer Richard Anderson and onetime North Dakota senator Heidi Heitkamp join the board as part of a 13-member slate revealed Monday. Current directors Thomas Bell and Steven Leer will not stand for reelection, while Mitchell Daniels Jr. and Michael Lockhart will retire from the board after reaching the mandatory retirement age, the company said in a statementBloomberg Terminal.
60%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
75%
Examples:
- The article implies that John Orr was not previously employed by Norfolk Southern and therefore did not have any prior relationship with the company. In reality, however, he had been working for Norfolk Southern since 2018 in various roles before being promoted to COO.
- The article states that John Orr will have oversight responsibility in areas such as safety, transportation, network planning and operations. However, this statement is misleading because it implies that these are the only responsibilities of the new COO when in fact there may be other important responsibilities not mentioned.
Conflicts of Interest
50%
Examples:
- ]Orr, a protege of industry legend Hunter Harrison, joins from rival Canadian Pacific Kansas City Ltd.
Contradictions
85%
Examples:
- The company proposed former Delta Air Lines Inc. Chief Executive Officer Richard Anderson and onetime North Dakota senator Heidi Heitkamp join the board as part of a 13-member slate revealed Monday.
- The railroad said John Orr, a longtime railroad executive, will become executive vice president and COO immediately.
- United Airlines CEO Scott Kirby reassured flyers in a letter this week that the carrier is looking into the string of incidents that have recently involved its planes.
Deceptions
50%
Examples:
Recent Articles
Norfolk Southern Appoints John Orr as New COO Amid Pressure from Activist Investors
Broke On: Wednesday, 20 March 2024Norfolk Southern appoints John Orr as its new COO to improve operational performance under pressure from an activist investor firm. Orr brings extensive experience in precision scheduled railroading operations and replaces Paul Duncan. United Airlines CEO Addresses Recent Plane Incidents, Reassures Safety is Priority
Broke On: Monday, 18 March 2024United Airlines CEO Scott Kirby addresses recent plane incidents and reassures customers that safety is their top priority. They are reviewing these incidents to inform safety training and procedures across all employee groups.