Union Pacific CEO to step down as hedge fund presses for change

Union Pacific seeking new CEO following hedge fund public pressure

Soroban Capital Partners said in a letter that Union Pacific railroad has lagged behind its peers during Lance Fritz' tenure over the past eight years.

Union Pacific will replace rail CEO amid hedge fund pressure

OMAHA, Neb. (AP) -- Union Pacific announced plans Sunday to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership.

Union Pacific will replace rail CEO amid hedge fund pressure

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership. The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that the Omaha, Nebraska-based railroad has lagged behind its peers during Lance Fritz’ tenure over the last eight years and …

Union Pacific will replace rail CEO amid hedge fund pressure

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership. The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that the Omaha, Nebraska-based railroad has lagged behind its peers during Lance Fritz’ tenure over the last eight years and …

Union Pacific will replace rail CEO amid hedge fund pressure

OMAHA, Neb. (AP) — Union Pacific announced plans Sunday to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership. The managing partner of Soroban Capital Partners, Eric Mandelblatt, said in a letter that the Omaha, Nebraska-based railroad has lagged behind its peers during Lance Fritz’ tenure over the past eight years and that a leadership change is o…

Union Pacific will replace rail CEO amid hedge fund pressure

Union Pacific has announced plans to replace its CEO later this year after a hedge fund that holds a $1.6 billion stake in the railroad went public with its concerns about his leadership