Over the next six months, freight rail observers may bear witness to a public relations battle between Canadian railway CN and activist London-based investor TCI Fund Management over CN’s leadership and direction.
Both are seeking to win the hearts of CN shareholders, who will have a meeting on March 22, per TCI’s request. TCI wants shareholders to consider replacing four CN board members with four of its own candidates, as well as replace CN President and CEO JJ Ruest with its pick, Jim Vena, a...