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Union Pacific will replace rail CEO amid hedge fund pressure

Por: Associated Press Business February 26, 2023

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OMAHA, Neb. (AP) — Union Pacific announced plans Sunday to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership.The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a that the Omaha, Nebraska-based railroad has lagged behind its peers during Lance Fritz’ tenure over the past eight years and that a leadership change is... + full article



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