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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.
CNBC's Morgan Brennan joins 'Squawk Box' to report on the latest news from Norfolk Southern.
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.
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.
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.
Norfolk Southern's board is investigating whether CEO Alan Shaw had an inappropriate relationship with the company's chief legal officer. Norfolk's top lawyer, Nabanita Nag, is also corporate secretary and one of the board's primary points of contact.
In May, activist investor Ancora won three board seats at the railroad operator but failed to oust CEO Alan Shaw.
Norfolk Southern (NSC) said Sunday that it is investigating allegations of misconduct against CEO Alan Shaw, and is working with outside legal counsel to determine whether Shaw did anything "inconsistent" with the company's code of ethics.