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Norfolk Southern fires CEO Alan Shaw after affair with legal chief
Norfolk Southern CEO Alan Shaw is out effective immediately and will be replaced by finance chief Mark George.
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Norfolk Southern board probe focusing on CEO's relationship with chief legal officer
The focus on Nabanita Nag, the chief legal officer at the railroad, has not been reported, and comes as CEO Alan Shaw is expected to resign.
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Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship
Norfolk Southern is working with outside legal advisors on the probe, which is in its early stages.
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Norfolk Southern agrees to $310 million federal settlement over Ohio train derailment
The company will pay a $15 million fine for alleged violations of the Clean Water Act as part of the federal settlement.
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Norfolk Southern activist Ancora wins three board seats but falls short of ousting CEO
Norfolk Southern shareholders elected three of Ancora’s seven director nominees, Ancora Alternatives president Jim Chadwick said Thursday.
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Proxy advisor ISS says unions and pension funds should back Norfolk Southern activist investor
ESG-focused investors and unions should back Norfolk Southern activist Ancora and its CEO pick Jim Barber, Institutional Shareholder Services said on Thursday.
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ISS endorses most of activist Ancora's nominees for Norfolk Southern board
ISS recommended that shareholders support five of Ancora’s seven nominees and seven Norfolk Southern nominees.
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Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board
Norfolk Southern shareholders should vote for activist Ancora’s nominees, proxy advisory firm Glass Lewis recommended, a strong sign of support ahead of a May 9 meeting.
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Activist Ancora endorsed by second Norfolk Southern union, splitting labor support
The BLET Teamsters said they would back activist Ancora’s efforts to oust Norfolk Southern CEO Alan Shaw in favor of new management.
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Teamsters union endorses activist Ancora in Norfolk Southern proxy fight
The activist at Norfolk Southern won support of the Teamsters union, a key endorsement as Ancora seeks to convince shareholders their plan is the right option.
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