Norfolk Southern

NS Fires Shaw, Nag; Names George CEO (Updated with Commentary and Analysis)

ATLANTA –– Less than a week after a still-unknown person or persons at Norfolk Southern contacted CNBC and other media outlets alleging that President and CEO Alan H. Shaw was engaging in an “inappropriate workplace relationship” with another employee—setting off an internal investigation—the NS Board of Directors fired him and the company’s Executive Vice President Corporate Affairs, Chief Legal Officer and Corporate Secretary Nabanita C. Nag.

Reports: Shaw Departing NS Due to Misconduct Probe

ATLANTA –– The Wall Street Journal has reported that Norfolk Southern President and CEO Alan Shaw is expected to step down from his role amid an investigation into allegations of potential misconduct—“an inappropriate workplace relationship.” Various news reports, beginning with CNBC, said that the NS board of directors had hired outside legal counsel to investigate the matter; the railroad has confirmed that.

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UP’s Whited Headlining 2024 Women in Rail Event

What is Beth Whited’s backstory? How can her journey to becoming the first female president in Union Pacific’s history and the lessons she’s learned along the way help you in your career? Learn more during the kick-off session with Whited at the Railway Age / RT&S Women in Rail Conference, taking place Nov. 5-6 in Chicago.

Norfolk Southern President and CEO Alan Shaw remains in place and said he “is confident that we will have a strong and constructive relationship with our new directors.”

NS: Proxy Battle Ends With Favorable Results

The votes from Norfolk Southern’s May 9 42nd Annual Meeting Shareholders have been tabulated and the results are clear. Following a months-long proxy battle launched by activist investor Ancora Holdings Group and