Go to the Globe and Mail homepage

Jump to main navigationJump to main content

CP Rail president and CEO Fred Green has defended himself publicly on only two occasions since investor activist Bill Ackman and his hedge fund, Pershing Square Capital Management, launched a proxy battle to elect a dissident slate of directors and change the railway’s management. (Jeff McIntosh/The Canadian Press/Jeff McIntosh/The Canadian Press)
CP Rail president and CEO Fred Green has defended himself publicly on only two occasions since investor activist Bill Ackman and his hedge fund, Pershing Square Capital Management, launched a proxy battle to elect a dissident slate of directors and change the railway’s management. (Jeff McIntosh/The Canadian Press/Jeff McIntosh/The Canadian Press)

CP's Green sticks to 'what is right' strategy Add to ...

Fred Green may be the quietest target in proxy battle history.

Ever since the chief executive officer of Canadian Pacific Railway Ltd. sat down with the company’s new and largest shareholder, Bill Ackman, last November, he has endured a constant stream of assaults on his leadership.

He sat mutely at the fall meeting while the New York activist told the railway’s chairman, John Cleghorn, that it was time for the 55-year-old Mr. Green, a CP lifer and CEO for six years, to step down and make way for long-time archrival Hunter Harrison, retired chief of Canadian National Railway Co.

More related to this story

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories