Norfolk Southern is negotiating the departure of CEO Alan Shaw, with the board already weighing interim replacements after finding Shaw had a relationship with a subordinate, Reuters’ Svea Herbst-Bayliss reports, citing three sources familiar with the matter. The board, with the assistance of a law firm, has been investigation claims that Shaw had a relationship with a direct report in violation of the railway’s ethics policy, the author says, noting that the current CFO could be in consideration for interim CEO.
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