Norfolk Southern Stock News

Norfolk Southern Corp.'s decision to replace fired Chief Executive Alan Shaw with Mark George, the railroad operator's executive vice president and chief financial officer, should bring management-level stability to the company — but questions about its board governance still linger, according to one analyst.

Employees would see CEO Alan Shaw and Nabanita Nag travel together and return to headquarters in Atlanta separately within a space of a few minutes.

Norfolk Southern (NSC) has fired Chief Executive Officer (CEO) Alan Shaw over a relationship with the freight railroad's top legal officer.

Norfolk Southern NSC -1.40%decrease; red down pointing triangle employees weren't terribly surprised to see their chief executive, Alan Shaw, and the company's general counsel, Nabanita Chaterjee Nag, standing close together one day on the sidewalk, talking, near the company's Atlanta headquarters.

Norfolk Southern fired CEO Alan Shaw for a previously undisclosed relationship with an employee. Alan Shaw had been in a consensual relationship with the company corporate secretary, Nabanita Nag.

Railroad operator Norfolk Southern Corp. fired Chief Executive Alan Shaw on Wednesday, following an investigation into allegations of misconduct.

The board of Norfolk Southern ousted Alan Shaw as the company's top executive.

Norfolk Southern CEO Alan Shaw is out effective immediately and will be replaced by finance chief Mark George. Shaw's departure comes as the railroad's board probes an allegedly inappropriate relationship with the company's chief legal officer, Nabanita Nag.