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Norfolk Southern CEO, top lawyer fired over romance shared hotels, cars on corporate trips: report
New York Post· 2024-09-13 01:00
文章核心观点 - 美国铁路公司Norfolk Southern的CEO Alan Shaw和首席法务官Nabanita Nag因违反公司禁止高管与下属发生恋爱关系的政策而被解雇 [1][2][3] - 两人在公司出差时常常单独乘车、住同一酒店,与其他员工分开 [2][3] - 在去年东帕勒斯坦脱轨事故后,两人出现在一起的时间更多 [2] - 公司董事会在宣布解雇前就已经在调查两人的关系 [2][3] - 投资公司Ancora Holdings曾试图罢免Shaw,在得知调查结果后要求公司解雇他 [3] - Shaw此前已婚并有4个孩子 [3] - 公司表示Shaw的离职与公司业绩、财务报告和经营结果无关 [3] - Shaw去年的薪酬为1340万美元,此次被解雇可能影响之前承诺的230万美元遣散费 [4] 公司相关 - Norfolk Southern是一家美国铁路公司 [1][2][3][4] - 公司在去年东帕勒斯坦发生脱轨事故,导致有毒物质泄漏,被起诉并同意支付6亿美元和解金 [2] - 公司董事会在宣布解雇前就已经在调查两人的关系 [2][3] - 公司任命首席财务官Mark George接替Shaw担任CEO [4] 行业相关 - 铁路运输行业 [1][2][3][4]
Norfolk Southern Fires CEO Over Relationship With Legal Chief
Investopedia· 2024-09-12 22:51
KEY TAKEAWAYS Norfolk Southern fired CEO Alan Shaw over a relationship with the freight railroad's legal chief. The company said Shaw had been fired because it found he broke company policies "by engaging in a consensual relationship" with Chief Legal Officer Nabanita Nag, who also has been let go. Shaw, who was terminated "for cause, effective immediately," will be succeeded by CFO Mark George. Norfolk Southern (NSC) has fired Chief Executive Officer (CEO) Alan Shaw over a relationship with the freight rai ...
Railroad company Norfolk Southern fired its CEO over his relationship with the company's top lawyer
Business Insider· 2024-09-12 13:45
By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Access your favorite topics in a personalized feed while you're on the go. download the app Thanks for signing up! Go to newsletter preferences Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Railroad company Norfolk Southern ousted CEO Alan Sh ...
Norfolk Southern CEO Alan Shaw replaced by CFO after alleged affair with legal chief
CNBC· 2024-09-12 07:05
Norfolk Southern former Chief Executive Alan Shaw testifies during a Senate Commerce, Science and Transportation Committee hearing titled "Improving Rail Safety in Response to the East Palestine Derailment" in Washington, March 22, 2023. Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual relationship with chief legal officer Nabanita Nag, the company announced Wednesday. He will be replaced by finance chief Mark George. The company said Nag woul ...
Norfolk Southern Board of Directors Appoints Mark R. George President and Chief Executive Officer Through Unanimous Vote of Independent Directors
Prnewswire· 2024-09-12 06:50
Board Terminates Alan H. Shaw as President and Chief Executive Officer Due to Violations of Company Policies Nabanita Nag Terminated as Chief Legal Officer Company Reaffirms Full-Year 2024 Guidance ATLANTA, Sept. 11, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that the Norfolk Southern Board of Directors has by unanimous vote of the independent directors appointed Mark R. George, the company's Executive Vice President and Chief Financial Officer, as President and Chief Exec ...
Norfolk Southern board probe focusing on CEO's relationship with chief legal officer
CNBC· 2024-09-12 01:44
Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. Norfolk Southern's board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company's top-ranking lawyer, according to several people with direct knowledge of the board' ...
Norfolk Southern probing CEO over alleged inappropriate relationship
New York Post· 2024-09-10 00:16
Norfolk Southern said late Sunday it has opened an investigation into allegations of potential misconduct by Chief Executive Alan Shaw. The company said that its audit committee is working with a law firm "to conduct an independent investigation of the allegations." CNBC had first reported, citing people familiar with the matter, that Shaw engaged in an inappropriate workplace relationship. Shaw did not immediately respond to a request for comment on the investigation. CNBC had first reported that CEO Alan ...
Norfolk Southern Investigates Misconduct Allegations Against CEO Alan Shaw
Investopedia· 2024-09-09 23:11
Key Takeaways Norfolk Southern said Sunday that the railroad company is investigating misconduct allegations against its CEO Alan Shaw. The company said it is working with outside legal partners to determine whether Shaw did anything "inconsistent" with its code of ethics. Norfolk Southern did not specify what allegations it was investigating, but CNBC reported Shaw was accused of engaging in an inappropriate workplace relationship. Norfolk Southern (NSC) said Sunday that it is investigating allegations of ...
Norfolk Southern board probing CEO Alan Shaw over alleged inappropriate workplace relationship
CNBC· 2024-09-09 03:07
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 Mongea ...
Norfolk Southern to present at Morgan Stanley Laguna Conference
Prnewswire· 2024-09-07 05:27
ATLANTA, Sept. 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw, Executive Vice President and Chief Financial Officer Mark George, and Executive Vice President and Chief Operating Officer John Orr will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference. Details on the presentation follow below. What: Morgan Stanley 12th Annual Laguna Conference When: Friday, September 13, 2024 at 8:10 a.m. (PDT) Where: Via Web ...