somereallyfungi t1_jacrm30 wrote

There is a silver lining to this distribution, though. Norfolk could be driven to bankruptcy without a significant hit to most portfolios. Unfortunately, this doesn't actually solve the problem at hand. But, the punishment could be so severe as to actually be a deterrent for cost cutting.


somereallyfungi t1_jaclxsf wrote

The board and c-suite, sure. But going after stock holders is a pretty futile idea as blame is so distributed. Norfolk Southern is an almost incomprehensible large company, in terms of ownership. The single largest shareholder is the mutual fund Vantage (in turn owned by some 30 million private investors) and they only hold about 8% of Norfolk.