The six-month battle between Bill Ackman’s New-York based hedge fund Pershing Square and Canadian Pacific Railway, one of the country’s oldest companies, is complete -- with the hedge fund successfully forcing CEO Fred Green to resign and overhauling its board. The announcement came just hours before Thursday's proxy vote in Calgary, which was expected to result in a new slate of board members. Joining Green in exit is high-profile chairman John Cleghorn and four other board members.
Poster Comment:
With 14% holding of CP shares along with persuasive convincing of Canadian pension funds the New York hedge fund was able to instal a new board and management at the annual meting in Calgary. Looking at Ackman's affiliations and the $1-million donation by Ackman-Ziff to the Center for Jewish History this looks like the typical Jew takeover of a major corporation. http://investing.businessweek.com/research/stocks/private/relationship.asp?personId=272429 Their source of funds for share purchases seems to be their big banker in London. The only place they have not been able to pull off something big time has been Putin's Russia where the Rothschilds tried to grab the country's oil through their agent Kordorkovsky who is still in jail for a too hasty attempt to return Russian politics to Jew control as well.