Railroad company Norfolk Southern fired its CEO over his relationship with the company's top lawyer
Railroad company Norfolk Southern fired its CEO over his relationship with the company's top lawyer
Railroad company Norfolk Southern ousted CEO Alan Shaw after an internal probe uncovered his relationship with the company's top lawyer, the company said in a Wednesday statement. An internal investigation into Shaw uncovered his consensual relationship with the company's chief legal officer, Nabanita Nag. Norfolk Southern said that both people were fired.
The company said earlier this month it had started investigating Shaw for violating unspecified company policy.
Shaw's departure comes just over two years into his tenure as CEO. His leadership was already under pressure following a series of challenges, including two train derailments in Ohio and Alabama last year."Shaw's departure is unrelated to the company's performance, financial reporting and results of operations," said the company in the statement.
