Union Pacific CEO Lance Fritz Stepping Down Amid Criticism From Hedge Fund

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(Omaha, NE) -- The CEO of Omaha-based Union Pacific is stepping down. This comes as hedge fund Soroban Capital Partners, which has a large stake in the company, criticizes his work and calls for his resignation. Lance Fritz released a statement over the weekend saying now is the right time for him to step down as the railroad's leader. Union Pacific says it'll name its next CEO sometime this year.


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