January 12, 2012 | CP, Headlines
(Source: Globe and Mail column by Agnes T. Crane, January 11, 2012) TORONTO — A dose of investor activism rarely fails to invigorate a company’s managers. Canadian Pacific Railway ranks dead last among North America’s big six railways on a key measure of productivity,...
January 11, 2012 | CN, CP, Headlines
(Source: Globe and Mail, January 11, 2012) TORONTO — In an exclusive interview with the Globe and Mail, famed railway leader Hunter Harrison said he is “excited” about the prospect of running another freight carrier, this time former rival Canadian Pacific Railway...
January 11, 2012 | CN, CP, Headlines
(Source: Globe and Mail, January 11, 2012) TORONTO — Bill Ackman plans to propose a minority slate of alternative directors for Canadian Pacific Railway Ltd. that will campaign for shareholder support by calling for the ouster of chief executive officer Fred Green....
January 11, 2012 | CN, CP, Headlines
(Source: Bloomberg News, January 11, 2012) OTTAWA — A boom in traffic at Canadian National Railways Co. and Canadian Pacific Railway Ltd., the country’s two largest rail companies, may mean Canada’s recovery will be buoyant even after economists and the Bank of Canada...
January 10, 2012 | CN, CP, Headlines
(Source: Bloomberg News, January 10, 2012) NEW YORK — William Ackman’s plan to wage a proxy fight to install a new chief executive officer at Canadian Pacific Railway Ltd. (CP) pivots on the legacy of the CEO who once led the carrier’s larger rival. New directors...
January 9, 2012 | Canada, CP, Headlines
(Source: Reuters, January 9, 2012) TORONTO — Canadian Pacific Railway Ltd. is confident it can improve its performance early this year without replacing its chief executive, Fred Green, as advocated by activist shareholder William Ackman. Full story:...
January 5, 2012 | CP, Headlines
(Source: Financial Post, January 4, 2012) OTTAWA — Canadian Pacific Railway Ltd. was upgraded to neutral from underweight at JPMorgan on raised expectations that Hunter Harrison will become CEO. Full story: Financial Post
January 5, 2012 | CP, Headlines
(Source: Bloomberg News, January 4, 2012) NEW YORK — Canadian Pacific Railway Ltd. (CP)’s chief executive officer may wear a target on his back as the company’s biggest shareholder, William Ackman’s Pershing Square Capital Management LP, pushes for a management...
January 4, 2012 | Canada, CP, Headlines
(Source: Globe and Mail, December 30, 2011) TORONTO — The train industry veteran being courted to run Canadian Pacific Railway Ltd., a company under investor pressure to make drastic changes, is known for being blunt and uncompromising when pushing for fast...
December 27, 2011 | CP, Headlines
(Source: Canada.com, December 27, 2011) CALGARY — Canadian Pacific Railway Ltd. had a rough ride this past year, beset by weather and customer service woes during the first six months, while this fall an activist hedge-fund manager bought enough of the company to...
