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Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship - TL;DR CNBC

Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship

Publishing timestamp: 2024-09-09 09:39:37


Summary

Norfolk Southern's board is investigating allegations of inappropriate workplace relationship by CEO Alan Shaw. The company is working with outside legal advisors on the probe, which is in its early stages. The board has undergone significant changes in recent months due to activist investor pressure. If Shaw were to step down, potential interim replacements could be COO John Orr or CFO Mark George.


Sentiment: NEGATIVE

Tickers: CPCARRCP-CANSC

Keywords: transportationbusinessbusiness newsmergers and acquisitionscarrier global corpactivismbreaking news: businesssocial issuescanadian pacific railway ltdbreaking newscanadian pacific kansas city ltdnorfolk southern corp

Source: https://www.cnbc.com/2024/09/08/norfolk-southern-nsc-alan-shaw-workplace-relationship.html


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