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.
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