Solutions For RealSolutions For Real
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Mortgage rates hold steady, Freddie Mac says

May 9, 2025

Create An “Emergency – 911” Envelope

May 9, 2025

7 Diseases That Strike Women More Often Than Men — and Why

May 9, 2025
Facebook Twitter Instagram
Trending
  • Mortgage rates hold steady, Freddie Mac says
  • Create An “Emergency – 911” Envelope
  • 7 Diseases That Strike Women More Often Than Men — and Why
  • 10 Money Mistakes Everyone Should Avoid for Financial Health
  • 6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It
  • Fed holds interest rate steady as it waits to see impact of tariffs
  • Why Your Company’s AI Strategy Is Probably Backwards
  • IBM CEO: AI Replaced Hundreds of Human Resources Staff
Friday, May 9
Facebook Twitter Instagram
Solutions For RealSolutions For Real
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Solutions For RealSolutions For Real
Home » Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship
News

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

News RoomBy News RoomSeptember 9, 20240 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

Norfolk Southern’s board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to three people familiar with the matter.

The probe is in its early stages, and it is possible that no misconduct may be uncovered. The company is working with outside legal advisors on the probe, two of the people said.

Shaw did not return phone calls or text messages requesting comment. Multiple directors, including the chair, former Canadian National Railway CEO Claude Mongeau, also did not return requests for comment.

In addition, multiple spokespeople for the company also did not immediately return requests for comment.

Norfolk Southern’s board has undergone dramatic change over the last few months.

An activist investor earlier this year sought to oust Shaw from the top job at the railroad, over his handling of the toxic East Palestine derailment, the poor performance of Norfolk Southern’s stock and what the activist described as a flawed operating strategy.

Activist Ancora did not manage to fire Shaw, although shareholders did elect three of its candidates to the board, and roughly 36% of shareholders voted against Shaw’s re-election. A spokesperson for Ancora did not return a request for comment.

Shaw has been CEO since 2022. Were Shaw to step down, the two likeliest internal candidates to replace him on an interim basis would be COO John Orr or CFO Mark George.

Orr joined the company in the midst of the proxy fight and has spent a significant amount of time working in the field to turn around the company’s operations. A longtime and respected railroad operator, he was previously an executive at Canadian Pacific Kansas City, but has faced allegations of misconduct that Ancora resurfaced during its campaign. At the time, Norfolk Southern defended Orr’s track record and accused the firm of trying to distract from the qualifications of its own executive candidates.

George has been Norfolk Southern’s CFO for roughly five years, joining the railroad from HVAC maker Carrier.

The company could also look to tap board member Sameh Fahmy, who was previously Orr’s boss and was most recently in charge of the former Kansas City Southern’s precision-scheduled railroading program.

WATCH: Norfolk Southern CEO Alan Shaw on earnings, East Palestine

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Lucid shares tumble following public offering of nearly 262.5 million shares

News October 17, 2024

Harris distances herself from Biden, bashes Trump in tense Fox News interview

News October 17, 2024

Alibaba’s international arm says its new AI translation tool beats Google and ChatGPT

News October 16, 2024

I bought a $54,000 abandoned house in Japan and turned it into a luxury Airbnb—take a look inside

News October 16, 2024

Trump’s crypto coin goes on sale with Election Day just three weeks out

News October 15, 2024

Cramer’s Lightning Round: Uranium Energy is ‘the real deal’

News October 15, 2024
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Create An “Emergency – 911” Envelope

May 9, 20250 Views

7 Diseases That Strike Women More Often Than Men — and Why

May 9, 20250 Views

10 Money Mistakes Everyone Should Avoid for Financial Health

May 9, 20250 Views

6 Warning Signs You’re Botching Best Way To Save Money and Don’t Know It

May 9, 20250 Views
Don't Miss

Fed holds interest rate steady as it waits to see impact of tariffs

By News RoomMay 9, 2025

The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25%…

Why Your Company’s AI Strategy Is Probably Backwards

May 9, 2025

IBM CEO: AI Replaced Hundreds of Human Resources Staff

May 9, 2025

NBA Hall of Famer Paul Pierce Just Walked 20 Miles to Work

May 9, 2025
About Us
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Mortgage rates hold steady, Freddie Mac says

May 9, 2025

Create An “Emergency – 911” Envelope

May 9, 2025

7 Diseases That Strike Women More Often Than Men — and Why

May 9, 2025
Most Popular

American Eagle’s stock takes flight after Wall Street’s biggest bear says its time to stop selling

November 16, 20232 Views

Mortgage rates hold steady, Freddie Mac says

May 9, 20250 Views

Create An “Emergency – 911” Envelope

May 9, 20250 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Solutions For Real. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.