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Canadian National Railway TSX:CNR NYSE:CNI saw shares drop over 5% in early morning trade on Dec. 20. This came after Jim Vena withdrew his candidacy after being backed by a group of investors for the chief executive officer posi
stanley cup tion.What happened This recent news is more in the ongoing saga for CNR stock. The company former CEO Jean-Jacques Ruest announced his retirement earlier this year, which is planned for the end of January 2022 or when a successor is appointed. A group of investors led by TCI Fund Management chose Vena for the job, as he was the former executive of Union Pacific.Vena was also a prime candidate by activist investor Elliot Manageme
vaso stanley nt, which owns a large stake in CNR stock. As does TCI, with a 5% stake in the company. Yet the former CNR stock chief operating officer announce
botella stanley d on the weekend that he would no longer be in the running for the top spot. CNR stock stated a new CEO would be announced next month.So what This is just more fuel to the ong Pgxq Retiring Buy These 2 Dividend Stocks Now!
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