Ancora's two-month fight with Norfolk Southern took another turn on Friday, when the firm publicized allegations of past misconduct on behalf of the new COO.
On Friday, Ancora took aim at the company's new COO John Orr over what the activist called an "excessive" buyout package and a career marred by allegations of racial and sexual discrimination.is almost two months into a battle with activist investor Ancora, which is trying to shake up the railroad's board and oust CEO Alan Shaw.
Ancora documented both alleged and substantiated workplace misconduct by Orr, dating back to his time as a mid-level executive at Canadian National. An appointee of the Canadian Arbitration Board substantiated allegations that Orr used verbally abusive language towards a female employee in the early 2000s.
Prior to the announced hiring of Orr, Ancora drew attention to claims about his behavior in emails to two Norfolk Southern board members that CNBC obtained. "As we previously stated, this revised agreement is by no means a consequential concession," the company said.
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