if you don't like corporate scandals but still need to stay informed here's what you need to know Norfolk Southern's board has fired CEO Allan Shaw following an internal investigation the probe uncovered a consensual relationship between Shaw and the company's Chief legal officer nabanita nag violating company policy both have been terminated this decision comes during a turbulent time for the company Norfolk Southern recently faced a significant train derailment in East Palestine Ohio and an ongoing proxy battle with activist investors Shaw who took the helm in May 2022 was scrutinized for his handling of the derailment especially the controlled burn of hazardous materials despite surviving a shareholder vote to shake up the board Shaw's position became untenable after the ethics investigation CFO Mark George has been appointed as his successor with the board expressing full confidence in his leadership Jason zamp will step in as interim CFO and Jason Morris as interim corporate secretary stay tuned for more updates