Norfolk Southern CEO says that activist investor's responses to settlement are unreasonable

Activist investor highlights past abusive behavior of new COO as proxy fight intensifies. Ancora's two-month fight with Norfolk Southern took another turn on Friday, when the firm publicized allegations of past misconduct of the COO. Norfolk Southern has been battling activist investors for two months.

Norfolk Southern CEO says activist investor's responses to settlement are 'unreasonable' Norfolk Southern faced criticism over the past year after one of its freight trains derailed in Ohio, releasing toxic chemicals into the soil, water and air. Norfolk Southern has been criticized for releasing the toxic chemicals from the train derailment.