BofA Securities analyst Ken Hoexter reiterated the Buy rating on Norfolk Southern Corporation NSC, with a price objective of $259. Norfolk Southern has appointed Mark George as President & CEO, replacing Alan Shaw, who was terminated for violating company policies. The board's decision follows an investigation revealing Shaw's inappropriate relationship with the company's Chief Legal Officer. Norfolk Southern has reaffirmed its 2024 targets, aiming for a 66% full-year operating ratio with a 64% – 65% target ...

Expanded reuse and recycling market opportunities follow successful Rheaply pilot NAPERVILLE, Ill., Sept. 12, 2024 /PRNewswire/ -- Nicor Gas is partnering with Rheaply to expand its regional Reuse Marketplace to businesses throughout the company's Northern Illinois service territory. The reuse marketplace is now available to an additional 650 communities, helping to drive the reuse of surplus inventory and materials coming out of businesses such as furniture, fixtures, equipment and other building products. ...

The chief executive of Norfolk Southern and the US railway giant's top lawyer — who were both fired this week for engaging in a romantic relationship — would often stay at the same hotel and travel in the same car during corporate trips, separate from other employees, according to a report. Alan Shaw, the CEO of Norfolk Southern, was fired after the board of directors voted unanimously to terminate him and Nabanita Nag, the company's executive vice president of corporate affairs and chief legal officer, it ...

KEY TAKEAWAYS Norfolk Southern fired CEO Alan Shaw over a relationship with the freight railroad's legal chief. The company said Shaw had been fired because it found he broke company policies "by engaging in a consensual relationship" with Chief Legal Officer Nabanita Nag, who also has been let go. Shaw, who was terminated "for cause, effective immediately," will be succeeded by CFO Mark George. Norfolk Southern (NSC) has fired Chief Executive Officer (CEO) Alan Shaw over a relationship with the freight rai ...

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Norfolk Southern former Chief Executive Alan Shaw testifies during a Senate Commerce, Science and Transportation Committee hearing titled "Improving Rail Safety in Response to the East Palestine Derailment" in Washington, March 22, 2023. Norfolk Southern CEO Alan Shaw is out effective immediately after the board determined he engaged in a consensual relationship with chief legal officer Nabanita Nag, the company announced Wednesday. He will be replaced by finance chief Mark George. The company said Nag woul ...

Board Terminates Alan H. Shaw as President and Chief Executive Officer Due to Violations of Company Policies Nabanita Nag Terminated as Chief Legal Officer Company Reaffirms Full-Year 2024 Guidance ATLANTA, Sept. 11, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today announced that the Norfolk Southern Board of Directors has by unanimous vote of the independent directors appointed Mark R. George, the company's Executive Vice President and Chief Financial Officer, as President and Chief Exec ...

Norfolk Southern CEO Alan Shaw testifies at a hearing before the Senate Environment and Public Works Committee on protecting public health and the environment in the wake of the Norfolk Southern train derailment and chemical release in East Palestine, Ohio in Washington, D.C., the United States, March 9, 2023. Norfolk Southern's board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company's top-ranking lawyer, according to several people with direct knowledge of the board' ...

Norfolk Southern said late Sunday it has opened an investigation into allegations of potential misconduct by Chief Executive Alan Shaw. The company said that its audit committee is working with a law firm "to conduct an independent investigation of the allegations." CNBC had first reported, citing people familiar with the matter, that Shaw engaged in an inappropriate workplace relationship. Shaw did not immediately respond to a request for comment on the investigation. CNBC had first reported that CEO Alan ...

Key Takeaways Norfolk Southern said Sunday that the railroad company is investigating misconduct allegations against its CEO Alan Shaw. The company said it is working with outside legal partners to determine whether Shaw did anything "inconsistent" with its code of ethics. Norfolk Southern did not specify what allegations it was investigating, but CNBC reported Shaw was accused of engaging in an inappropriate workplace relationship. Norfolk Southern (NSC) said Sunday that it is investigating allegations of ...