Activist investor Bill Ackman says he seeks to improve Canadian Pacific's (CP +0.9%) lagging...

|About: Canadian Pacific Railway Li... (CP)|By:, SA News Editor

Activist investor Bill Ackman says he seeks to improve Canadian Pacific's (CP +0.9%) lagging efficiency by replacing its CEO and much of its board but is not looking to take over the railroad. Ackman wants to install Canadian National Railway (CNI) boss Hunter Harrison as CP's new top man, while CP is backing current CEO Fred Green.