Norfolk Southern Investigates CEO Alan Shaw Over Alleged Ethics Violation as Railroad Reels from East Palestine Derailment and Poor Stock Performance

Norfolk Southern's board is investigating CEO Alan Shaw for allegations of an inappropriate workplace relationship. Outside legal counsel has been hired to assist in the probe, and it remains unclear if any misconduct will be uncovered. Norfolk Southern is one of a few Class 1 railroads that transports large amounts of commodities crucial to the nation's economy. Norfolk Southern's board has seen significant changes in recent months. An activist investor attempted to remove Shaw due to his handling of the East Palestine derailment, poor stock performance, and a perceived flawed operating strategy.