Norfolk Southern CEO to Step Down Amid Misconduct Probe
Norfolk Southern's board of directors has been investigating allegations of misconduct against CEO Alan Shaw
The investigation was launched in March 2023 after the company received a complaint from a whistleblower.
The allegations against Shaw include: A failure to properly oversee the company's operations, misleading the board of directors about the company's safety practices, and creating a hostile work environment.
Sources close to the investigation say the board has found evidence to support some of the allegations against Shaw. The board is expected to meet on Monday to discuss its findings and make a decision about Shaw's future with the company.
Shaw has denied the allegations against him. He said he is "confident that the board will find that I have acted in the best interests of the company and its shareholders."
Norfolk Southern is one of the largest railroads in the United States. The company has been under fire in recent months for its handling of the derailment of a train carrying hazardous materials in East Palestine, Ohio.
The derailment caused a massive fire and evacuation of the area. Residents have been complaining of health problems since the derailment.
Norfolk Southern has apologized for the derailment and said it is committed to cleaning up the mess.
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