Ackman Says Canadian Pacific Lost Share Under CEO Green
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William Ackman, the hedge-fund manager pressing Canadian Pacific Railway Ltd. for a leadership change, said the carrier is losing market share to rivals under current Chief Executive Officer Fred Green.
Over the past six years, Canadian Pacific intermodal share decreased by 7.4 percentage points even after completing an acquisition, Ackman’s Pershing Square Capital Management LP said today in a regulatory filing.