Market Chatter: Norfolk Southern Board Investigates CEO's Relationship With Top Company Lawyer-March 2024-www.financetom.com

Market Chatter: Norfolk Southern Board Investigates CEO's Relationship With Top Company Lawyer

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Market Chatter: Norfolk Southern Board Investigates CEO's Relationship With Top Company Lawyer

Sep 11, 2024 11:35 AM

02:12 PM EDT, 09/11/2024 (MT Newswires) -- The Norfolk Southern ( NSC ) board's investigation into CEO Alan Shaw is looking into whether he had an inappropriate relationship with the company's chief legal officer, Nabanita Nag, CNBC reported Wednesday, citing several people with direct knowledge of the matter.

On Monday, multiple media outlets reported that Shaw was expected to step down from his post amid the probe into his potential misconduct.

Norfolk Southern ( NSC ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 253.10, Change: -4.28, Percent Change: -1.66

Previous page： Robinhood's top attorney Gallagher rules out SEC chair role Next page： --Peoples Bancorp of North Carolina Keeps Quarterly Dividend at $0.19 a Share, Payable Dec. 13 to Holders of Record Dec. 3

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Robinhood's top attorney Gallagher rules out SEC chair role

Nov 22, 2024

* Former SEC commissioner Atkins, former SEC counsel Stebbins are contenders, sources say * Naming of Treasury secretary likely to precede decision on SEC * Crypto industry seeks SEC policy overhaul, ending Gensler's crackdown By Niket Nishant, Chris Prentice Nov 22 (Reuters) - Robinhood Markets' ( HOOD ) Chief Legal Officer Dan Gallagher on Friday withdrew from consideration for chair...

--Peoples Bancorp of North Carolina Keeps Quarterly Dividend at $0.19 a Share, Payable Dec. 13 to Holders of Record Dec. 3

Nov 22, 2024

02:37 PM EST, 11/22/2024 (MT Newswires) -- Price: 30.64, Change: +0.39, Percent Change: +1.29 ...

Biofrontera Shares Jump After Closing Private Placement of $4.2 Million Convertible Note

Nov 22, 2024

02:22 PM EST, 11/22/2024 (MT Newswires) -- Biofrontera (BFRI) shares jumped nearly 13% in recent Friday trading after the company raised $4.2 million from a private placement of a senior secured convertible note with its principal shareholders. The three-year note bears a paid-in-kind annual interest of 10% and is secured by the company's assets, with the principal amount convertible into...

Market Chatter: ArcelorMittal Delays Green Investments in EU Amid Policy Uncertainty

Nov 22, 2024

02:40 PM EST, 11/22/2024 (MT Newswires) -- ArcelorMittal ( MT ) is delaying green investments, including projects to replace two blast furnaces with hydrogen-powered units in France, due to uncertainty about the European Union's regulatory directives, Reuters reported Friday, citing an email from the company. We are operating in a difficult market, and there are a number of policy uncertainties...