Carl Icahn, the activist investor who forced changes at Chesapeake Energy Corp. and Transocean Ltd., faces an uphill battle boosting value at Talisman Energy Inc. as the Canadian company tries to unload $3 billion of assets into a crowded market.
Hunter Harrison, William Ackman’s choice to lead Canadian Pacific Railway Ltd., said he would be willing to stay in the job for as long as it takes to turn around the least efficient railroad in North America.
Canadian Pacific Railway Ltd. Chief Executive Officer Hunter Harrison, who was lured from retirement as the head of Canadian National Railway Co., is poised to a hire a deputy to implement his turnaround strategy at the least efficient North American carrier.
Canadian Pacific Railway Ltd. surged the most in six weeks after Chief Executive Officer Hunter Harrison said he would cut jobs and study asset sales to boost profitability at North America’s least-efficient railroad.
Investor William Ackman said he will shield his choice to run Canadian Pacific Railway Ltd. against a possible loss of benefits after the retired executive’s former employer suspended pension and other payments.