Mon. Dec 23rd, 2024

Norfolk Southern Probes Potential Misconduct by CEO Shaw

Norfolk Southern Corp. is investigating potential misconduct by its CEO, James A. Shaw Jr., according to people familiar with the matter. The railway company’s board of directors was informed of the investigation, which is being led by outside counsel, the people said. The nature of the investigation wasn’t clear, but it comes as Norfolk Southern faces pressure from activist investors to improve its performance and governance.

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