Report: Norfolk Southern board probing CEO over allegations of inappropriate relationship

Board launches investigation after bombshell report in the Wall Street Journal

The board of directors of Norfolk Southern is investigating CEO Alan Shaw after a bombshell report in the Wall Street Journal alleged he had an inappropriate relationship with a subordinate.

The Journal reported that Shaw, 54, had a consensual relationship with a female employee who was significantly younger than him.

The board launched an investigation into the matter after the Journal published its report.

Allegations could damage Shaw's reputation

The allegations, if true, could damage Shaw's reputation and his ability to lead Norfolk Southern.

Norfolk Southern is one of the largest railroads in the United States, and Shaw has been CEO since 2015.

The company has been under fire in recent months for its handling of a train derailment in East Palestine, Ohio, that released toxic chemicals into the air.

Shaw has denied the allegations

Shaw has denied the allegations, and he has the support of some members of the board.

However, the investigation is ongoing, and it is possible that the board could take action against Shaw if it finds evidence of wrongdoing.

The investigation is expected to take several weeks

The investigation is expected to take several weeks, and it is unclear when the board will reach a decision.

In the meantime, Shaw remains CEO of Norfolk Southern.