Current：Home > MyNorfolk Southern fires CEO Alan Shaw for an inappropriate relationship with an employee -Keystone Wealth Vision
Norfolk Southern fires CEO Alan Shaw for an inappropriate relationship with an employee
View
Date：2025-04-19 01:11:45
Norfolk Southern said Wednesday it has fired CEO Alan Shaw for having an inappropriate relationship with a subordinate.
His ouster comes after two difficult years in the top job and just days after the company’s board announced it was investigating him for alleged ethical lapses.
The Atlanta-based railroad said Shaw had an inappropriate consensual relationship with Norfolk Southern’s chief legal officer, who was also terminated. Norfolk Southern promoted Chief Financial Officer Mark George to be the railroad’s next CEO.
Shaw was leading Norfolk Southern in February 2023 when one of its trains derailed, spilled toxic chemicals and caught fire in East Palestine, Ohio, the worst railroad disaster in the last decade. Then, activist investor Ancora Holdings tried to take control of the railroad earlier this year and fire Shaw.
He weathered congressional hearings and difficult community meetings after the East Palestine derailment, while promising to make Norfolk Southern the “gold standard for safety” in the industry. He also managed to persuade investors not to back the majority of Ancora’s board nominees. Three of its nominees did win seats on the railroad’s board, but that wasn’t enough to give it control.
The derailment near the Ohio-Pennsylvania border prompted the nation to re-examine railroad safety and led lawmakers and regulators to call for reforms. But those proposals have largely stalled, and the industry has made only minimal changes since the derailment, such as installing more trackside detectors to spot overheating bearings like the one that caused the East Palestine crash.
The disappointing financial results Norfolk Southern delivered after the derailment, combined with questions about Shaw’s strategy of keeping more workers on hand during a downturn, made the railroad ripe for pressure from an investor like Ancora.
Atlanta-based Norfolk Southern is one of the six largest railroads in North America with tracks crisscrossing the Eastern United States.
veryGood！ (111)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Listening to the Endangered Sounds of the Amazon Rainforest
- Wildfire Smoke May Worsen Extreme Blazes Near Some Coasts, According to New Research
- Get a $65 Deal on $212 Worth of Sunscreen: EltaMD, Tula, Supergoop, La Roche-Posay, and More
- Retirement planning: 3 crucial moves everyone should make before 2025
- Potent Greenhouse Gases and Ozone Depleting Chemicals Called CFCs Are Back on the Rise Following an International Ban, a New Study Finds
- Clean Beauty 101: All of Your Burning Questions Answered by Experts
- We've Uncovered Every Secret About Legally Blonde—What? Like It's Hard?
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- A US Non-Profit Aims to Reduce Emissions of a Super Climate Pollutant From Chemical Plants in China
Ranking
- The Daily Money: Spending more on holiday travel?
- Supreme Court Sharply Limits the EPA’s Ability to Protect Wetlands
- LSU Basketball Alum Danielle Ballard Dead at 29 After Fatal Crash
- Where There’s Plastic, There’s Fire. Indiana Blaze Highlights Concerns Over Expanding Plastic Recycling
- DoorDash steps up driver ID checks after traffic safety complaints
- California Snowpack May Hold Record Amount of Water, With Significant Flooding Possible
- Activists Slam Biden Administration for Reversing Climate and Equity Guidance on Highway Expansions
- New IPCC Report Shows the ‘Climate Time Bomb Is Ticking,’ Says UN Secretary General António Guterres
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Lisa Marie Presley’s Cause of Death Revealed
A Composer’s Prayers for the Earth, and Humanity, in the Age of Climate Change
We've Uncovered Every Secret About Legally Blonde—What? Like It's Hard?
Meta releases AI model to enhance Metaverse experience
In California’s Central Valley, the Plan to Build More Solar Faces a Familiar Constraint: The Need for More Power Lines
Where There’s Plastic, There’s Fire. Indiana Blaze Highlights Concerns Over Expanding Plastic Recycling
The Truth About Michael J. Fox and Tracy Pollan's Inspiring Love Story