Union Pacific looking for new CEO after shareholder complaints

Feb 27, 2023 · 8 min

0:00-8:10

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Joanna Marsh - Senior Staff Writer - FreightWaves - Falls Church, VA

UP CEO Lance Fritz had “lost the confidence of shareholders, employees, customers, and regulators.” Soroban Capital Partners is asking for “a seasoned executive who has a proven track record of railroad operating excellence.”
What was Soroban unhappy about?
What are the next steps?

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