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 Shaw ...

Key TakeawaysNorfolk 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 mis ...

Norfolk Southern's board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to three people familiar with the matter.The probe is in its early stages, and it is possible that no misconduct may be uncovered. The company is working with outside legal advisors on the probe, two of the people said.Shaw did not return phone calls or text messages requesting comment. Multiple directors, including the chair, former Canadian National Railway CEO Claude Mongeau, ...

ATLANTA, Sept. 6, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and Chief Executive Officer Alan H. Shaw, Executive Vice President and Chief Financial Officer Mark George, and Executive Vice President and Chief Operating Officer John Orr will participate in a fireside chat at the Morgan Stanley 12th Annual Laguna Conference. Details on the presentation follow below. What: Morgan Stanley 12th Annual Laguna ConferenceWhen: Friday, September 13, 2024 at 8:10 a.m. (PDT)Where: Via Webca ...

Plant Vogtle, a nuclear power plant in Waynesboro, Georgia, is the largest source of clean energy in the U.S. following the addition of two new reactors, according to Georgia Power.The plant's unit 4 reactor began commercial operations in April and unit 3 went online last year. They are the first reactors built from scratch and connected to the grid in over three decades and together can power over a million homes and businesses, according to the utility provider.But bringing a nuclear power plant to life i ...

Near-term rate relief possible due to lower state corporate tax rate ATLANTA, Sept. 5, 2024 /PRNewswire/ -- The Georgia Public Service Commission (PSC) voted unanimously this week to approve a motion by Commissioner Fitz Johnson to expedite the return of approximately $122 million for the benefit of Georgia Power customers as early as January 2025. The funds are available due to recent changes to state tax law which lowered the company's corporate tax rate and will help offset inflationary related cost incr ...

SPRINGFIELD, Mo., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, expects to report third quarter 2024 preliminary earnings after the market closes on Wednesday, October 16, 2024, and host a conference call on Thursday, October 17, 2024, at 2:00 p.m. Central Time (3:00 p.m. Eastern Time). The call will be available live or later in a recorded version at the Company’s Investor Relations website, https://investors.greatsouthernbank.co ...

Early agreements now cover nearly 65% of company's union workforceATLANTA, Sept. 4, 2024  /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has reached a tentative agreement with its final general committee of the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division (SMART-TD). SMART-TD is the company's largest labor union, representing train conductors across the company's 22-state network. The latest agreement ensures coverage for all Norfolk Sout ...

Norfolk Southern’s (NSC) bottom line is bolstered by reduced cost and improved operational efficiency. A shareholder-friendly approach bodes well for the company. However, NSC continues to grapple with the adverse impacts of the Ohio incident.Factors Favoring NSCNorfolk Southern's strategic decision to move more than 320 locomotives into storage or offline has led to significant cost savings and operational improvements. By reducing fuel consumption, maintenance expenses and overtime by about 20% in the sec ...

Southern Company (SO) , through its subsidiary PowerSecure, has announced that its Durham campus microgrid will launch a 100% renewable fuel initiative this month. This initiative demonstrates the company's dedication to innovative energy solutions and environmental responsibility in the energy sector.The Role of PowerSecure in Energy InnovationSouthern's Commitment to Clean Energy: SO’s unit PowerSecure’s CEO, Chris Cummiskey, emphasizes that the adoption of renewable fuels marks a key advancement in meeti ...