Norfolk Southern reported that it has given $103 million to East Palestine and the surrounding areas in Ohio and Pennsylvania and highlighted some of the contributions via an email on Tuesday.By Chris Isidore, CNN New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous derailment in East Palestine, Ohio. Shaw received $13.4 million in total compensation in 2023, up from $9.8 million in 2022. …Feb 22, 2023 · However, Mr Shaw – who earned a total salary of almost $4.5m in 2021, according to the company’s latest proxy statement – was less than forthcoming when asked by Geoff Bennett of PBS New Hour on Tuesday about his company’s track record of lobbying against federal safety measures for the freight industry. A second proxy adviser is backing big changes on the Norfolk Southern board, but this one is calling for CEO Alan Shaw to stay. The post Proxy adviser on Norfolk Southern: Overhaul board but keep ... Alan Shaw has an annual salary of $500k and a total compensation of $2.23M. Mr. Alan H. Shaw has been the Chief Marketing Officer and Executive Vice President at Norfolk Southern Corporation since May 16, 2015. Mr. Shaw served as Vice President of Intermodal Operations at Norfolk Southern Corporation since November 1, 2013 until May 2015. Mr. Shaw served as a Group Vice President of Chemicals ... CEO Alan Shaw's decisive, proven leadership in successfully executing Norfolk Southern's strategic transformation.Shaw has positioned the company to become the gold standard of safety in the industry, drive meaningful margin improvement, and outperform peers during freight recovery cycles, while delivering industry-leading service …Since the East Palestine, Ohio train derailment in early February 2023, Norfolk Southern’s net income, essentially its profit, fell roughly 44%. However, CEO Alan Shaw's pay grew by close to 40%.Norfolk Southern CEO Alan Shaw received significant pay raise last year despite the disastrous derailment in East Palestine, Ohio, and calls for him to be fired. ... The CEO's base salary went ...An activist investor group has taken a $1 billion stake in Norfolk Southern and aims to wrest control of the company’s board and oust CEO Alan Shaw, according to a report in The Wall Street Journal this evening.. The investor group, led by Cleveland-based Ancora Holdings, has nominated a slate of directors that includes former Ohio Gov. John …Alan Shaw took over as CEO of Norfolk Southern in May 2022, and has served as president since December 2021 Shaw's primary residence is this $4.2million mansion in Atlanta, GeorgiaAccording to published reports Shaw was given a 37% pay boost following the train derailment and chemical release with $13.4 million in total compensation in 2023 including a base salary ...20 Mar 2023 ... After answering questions about the toxic Ohio train derailment during a U.S. Senate committee hearing earlier this month, Norfolk Southern ...New York CNN —. Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous ...ATLANTA — Norfolk Southern today named Canadian Pacific Kansas City executive John Orr as its chief operating officer in a bid to thwart an activist investor group led by Ancora Holdings. CEO Alan Shaw said Orr is committed to providing customers with a high level of service as part of the railroad’s resiliency-based growth plan.New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, ... His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 ...Watch CNBC’s full interview with Norfolk Southern CEO Alan Shaw. Alan Shaw, Norfolk Southern president and CEO, joins ‘Closing Bell: Overtime’ to discuss the Ohio derailment aftermath ...FILE - Norfolk Southern President and CEO Alan Shaw speaks to reporters, Feb. 21, 2023, near the site where a freight train derailed Feb. 3 in East Palestine, Ohio.Mr. Shaw owns 30,654 shares of Norfolk Southern stock worth more than $7,013,635 as of May 10th. This net worth evaluation does not reflect any other investments that Mr. Shaw may own. Additionally, Mr. Shaw receives a salary of $1,250,000.00 as CMO at Norfolk Southern. Learn More about Alan H. Shaw's net worth.On June 2, 2023, Bloomberg published an interview with Norfolk Southern President and CEO Alan Shaw.The column highlighted the company’s new strategy that will help enable it to be a more customer-centric, operations-driven railroad by building a resilient workforce and delivering reliable service.. The interview is available on Bloomberg.com, and key …Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.Shaw’s total compensation in 2022 amounted to nearly $9.8 million — including about $5.5 million in stock awards, according to a company filing with the U.S. Securities and Exchange...29 Apr 2024 ... Norfolk activist Ancora wins support from Glass Lewis for CEO ouster ... Norfolk Southern CEO Alan Shaw. Al Drago ... compensation math and hired ...A Norfolk Southern train rests near the University of North Carolina's energy generation plant, after delivering coal to the facility, in Chapel Hill, North Carolina, U.S. August 11, …By Pat Foran, Editor-in-Chief. Since Norfolk Southern Corp.’s now-fabled investor day on Dec. 6, 2022, President and CEO Alan Shaw has been talking publicly about a better way forward, a better ...03 Mar 2024 ... Norfolk Southern Train Derails Into ... Norfolk Southern Corporation President and CEO, Alan Shaw ... The CEO received $13.4 million in salary and ...As a massive smoke plume soared into the sky from the controlled burn of a wrecked Norfolk Southern train in early February, even the company’s CEO Alan Shaw was alarmed. And he’s been working ...Feb 22, 2023 · However, Mr Shaw – who earned a total salary of almost $4.5m in 2021, according to the company’s latest proxy statement – was less than forthcoming when asked by Geoff Bennett of PBS New Hour on Tuesday about his company’s track record of lobbying against federal safety measures for the freight industry. Both Republicans and Democrats on the Senate Commerce Committee peppered Norfolk Southern CEO Alan Shaw with questions about what enhanced safety measures he would support. By Pat Foran, Editor-in-Chief. Since Norfolk Southern Corp.’s now-fabled investor day on Dec. 6, 2022, President and CEO Alan Shaw has been talking publicly about a better way forward, a better ... Since the East Palestine, Ohio train derailment in early February 2023, Norfolk Southern’s net income, essentially its profit, fell roughly 44%. However, CEO Alan Shaw's pay grew by close to 40%. Norfolk Southern CEO Alan Shaw is flanked by other witnesses while testifying before the Senate Commerce Committee March 22. (Manuel Balce Ceneta/Associated Press)Alan Shaw is President and Chief Executive Officer at Norfolk Southern Corporation. Since 1827, Norfolk Southern has safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network that serves aAn activist investor group has taken a $1 billion stake in Norfolk Southern and aims to wrest control of the company’s board and oust CEO Alan Shaw, according to a report in The Wall Street Journal this evening.. The investor group, led by Cleveland-based Ancora Holdings, has nominated a slate of directors that includes former Ohio Gov. John …Alan Shaw told Congress his rail company would create a medical compensation fund and a property assurance program to help residents of East Palestine, Ohio, the site of last month’s accident.New York CNN —. Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous ...0:51. Norfolk Southern CEO Alan Shaw is scheduled to testify Tuesday before the Ohio Senate Select Committee on Rail Safety, where he is expected to face tough questions about whether the railroad ...Since the East Palestine, Ohio train derailment in early February 2023, Norfolk Southern’s net income, essentially its profit, fell roughly 44%. However, CEO Alan Shaw's pay grew by close to 40%.Mar 1, 2024 · Since last year’s derailment, Shaw has also directed Norfolk Southern’s “making it right” campaign — an initiative to remedy the impacts the rail disaster caused. To date, those ... Alan H Shaw is President/CEO at Norfolk Southern Corp. See Alan H Shaw's compensation, career history, education, & memberships.Norfolk Southern CEO Alan Shaw got $9.8 million in total compensation in 2022, more than double the $4.7 million he received in 2021. Shaw was promoted to the top job in May.CEO Alan Shaw told the railroad's employees in a letter Thursday that Norfolk Southern will take several immediate steps in response to the initial report Atkins Nuclear Secured delivered ...Norfolk Southern said Friday its 2023 net income was down 44% compared to 2022, as the railroad has accumulated $1.1 billion in charges so far from the Feb. 3, 2023, derailment of a train carrying ...Feb 20, 2024 · Less than a month after taking a billion-dollar stake in railroad Norfolk Southern Corp. (NYSE: NSC) and vowing to oust CEO Alan Shaw, activist group Ancora Holdings Group on Tuesday proposed a ... ATLANTA — Norfolk Southern shareholders delivered a split verdict today, sparing CEO Alan Shaw while electing three of activist investor Ancora Holdings’ insurgent director candidates and ousting its independent chair, Amy Miles. Investors sent a clear message that ends the bitter proxy fight. They backed Ancora’s desire for change but …10 Mar 2023 ... Who is Alan Shaw, Norfolk Southern CEO? All about salary, net worth, wife Tiffany Shaw, children, career and more · Norfolk Southern President ...Norfolk Southern President and CEO Alan Shaw was recognized this week as Progressive Railroading’s Railroad Innovator of the Year.. In naming him the 2023 recipient, Progressive Railroading pointed to Shaw’s mission to find the right balance between service, productivity, and growth, as well as his commitment to doing the right thing, whether that be for the business, for his employees ...Less than a month after taking a billion-dollar stake in railroad Norfolk Southern Corp. (NYSE: NSC) and vowing to oust CEO Alan Shaw, activist group Ancora Holdings Group on Tuesday proposed a ...FILE - Norfolk Southern President and CEO Alan Shaw speaks to reporters, Feb. 21, 2023, near the site where a freight train derailed Feb. 3 in East Palestine, Ohio.(L-R) Norfolk Southern President Alan H. Shaw, and Chairman and CEO James A. Squires. "Jim is retiring at the top of his game," said Steven F. Leer , Norfolk Southern's lead independent director.ATLANTA — Norfolk Southern today named Canadian Pacific Kansas City executive John Orr as its chief operating officer in a bid to thwart an activist investor group led by Ancora Holdings. Norfolk Southern Chief Operating Officer John Orr. CPKC. CEO Alan Shaw said Orr is committed to providing customers with a high level of service as part of ...Alan Shaw is President and Chief Executive Officer at Norfolk Southern Corporation. Since 1827, Norfolk Southern has safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer centric and operations-driven freight transportation network that serves a majority of the country's population and manufacturing ...News of the latest derailment comes “just days after it emerged that Norfolk Southern CEO Alan H. Shaw received a 37 percent pay rise ... taking his base salary rose up by $200,000 to $1.1 ...Alan H. Shaw . Director Since: 2022. Age: 56. Committees: Executive; Career Highlights Mr. Shaw has been President of Norfolk Southern Corporation since December 1, 2021, and Chief Executive Officer and director since May 1, 2022. Mr. Shaw has 30 years of experience at Norfolk Southern and most recently served as Norfolk Southern’s …Feb 2, 2024. Norfolk Southern CEO Alan Shaw had been at the helm of the Atlanta-based railroad for just nine months when he faced one of the biggest calamities in the company’s history. A ...Mar 1, 2024 · Since last year’s derailment, Shaw has also directed Norfolk Southern’s “making it right” campaign — an initiative to remedy the impacts the rail disaster caused. To date, those ... The couple has two sons named Grant Shaw and Wyatt Shaw and two daughters named Allison Shaw and Meredith Shaw. Alan Shaw Salary and Net Worth. Alan manages a commanding salary as the CEO of Norfolk Southern. Back in 2021, he had an estimated salary of $4,362,801. Given that, his average annual salary at …– ALAN SHAW, Norfolk Southern President and CEO In 2022, despite significant industry-wide challenges, Alan and his management team delivered: $12.7 Billion record railway operating revenueNorfolk Southern said it also would reach a sub-60 percent operating ratio, but it would take a year longer than Ancora's plan. The plan would generate about $400 million in cost savings over two ...Feb 21, 2024. Norfolk Southern CEO Alan Shaw faced tough questioning from financial analysts on Wednesday, the morning after an activist investor group went public with a proposal to replace board ...New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, ... His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 ...Shaw's total salary in 2021 was $4,362,801, according to Norfolk Southern's 2022 proxy statement. What has Alan Shaw said about the East Palestine train derailment? Shaw …May 1 was Alan Shaw’s first day as President and CEO of Norfolk Southern. Shaw, a Railway Age Readers’ 2022 Influential Leader, spent the day at Debutts Yard in Chattanooga, Tenn., with employees. On May 2, he sent an open letter to all NS employees, and according to NS “will be traveling to key parts of the network, including …In this article. NSC Rising fast. Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ...Feb 17, 2023 · According to Wall Mine, Shaw’s estimated net worth was at least $11.2 million as of January 2023.. Shaw owns “over 3,141 units of Norfolk Southern stock worth over $8,342,995 and over the last ... The CEO's base salary went from $900,000 to $1.1 million, while his stock awards and options grew from $7.7 million to $10 million. Norfolk Southern Chief Executive Alan Shaw testifies on the East ...@2023 Norfolk Southern Corp. 650 W. Peachtree Street NW. Atlanta, Georgia 30308 ...An eastbound Norfolk Southern coal train meets a westbound merchandise train at Cassandra, Pa., in April 2022. Bill Stephens. Trains sat down with Norfolk Southern CEO Alan Shaw and new Chief Operating Officer John Orr today to discuss the railroad’s strategy and response to activist investor Ancora Holdings. Ancora has launched a proxy ...Updated April 10, 2023. As a massive smoke plume soared into the sky from the controlled burn of a wrecked Norfolk Southern train in early February, even the company’s CEO Alan Shaw was alarmed ...Alan Shaw is President and Chief Executive Officer at Norfolk Southern Corporation. Since 1827, Norfolk Southern has safely moved the goods and materials that drive the U.S. economy. Today, its dedicated team members deliver more than 7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto ...CEO Alan Shaw joined #CNBC Closing Bell: Overtime's Morgan Brennan for an exclusive interview to discuss what #NorfolkSouthern is doing to make it right in E...Norfolk Southern (NYSE:NSC) may see "material upside" after a report that an activist investor group has built a $1 billion stake in the railroad operator and is pushing for the ouster of CEO Alan ...Feb 28, 2024 · Norfolk Southern CEO saw a 37% raise despite East Palestine derailment. Norfolk Southern CEO Alan Shaw received $13.4 million in total compensation. The railroad took a $1.1 billion hit last year due to the derailment. An investor group has launched a proxy fight to oust Shaw. Andrew Dorn. New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, ... His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 ...According to published reports Shaw was given a 37% pay boost following the train derailment and chemical release with $13.4 million in total compensation in 2023 including a base salary ...Feb 26, 2024 · New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, ... His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 ... 20 Mar 2023 ... The president and chief executive officer of Norfolk Southern, Alan Shaw ... “Why do you need all these compensation funds if everything's fine ...Feb 15, 2023 · Alan Shaw became the CEO of Norfolk Southern last year after being named the president in December 2021; He makes $4.5million each year, and owns more than 20 properties across Georgia and Virginia; Norfolk Southern CEO Alan Shaw returned to Capitol Hill Wednesday facing pressure to support rail safety legislation proposed in the wake of his railroad’s massive toxic spill from a February 3 ...Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.What is Norfolk Southern president Alan Shaw's salary? Shaw's total salary in 2021 was $4,362,801, according to Norfolk Southern's 2022 proxy statement.Alan Shaw, Norfolk Southern president and chief executive officer, said, "John is a deeply respected and accomplished leader, and is the right chief operating officer to ensure execution of our strategy of balancing safe service, productivity, and growth. He has a proven ability to build strong relationships with customers, regulators, unions ...On my first day as chief executive, I sent this letter to the railroaders of Norfolk Southern Corporation, the best team in the industry. | 15 comments on LinkedIn Alan Shaw on LinkedIn: An Open ...
Shaw, with 27 years of experience at Norfolk Southern in marketing, operations, and finance, was appointed CMO in May 2015. As part of its comprehensive succession plan, the company also announced .... Bentsen tower mcallen tx
Feb 26, 2024 · New York CNN —. Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous ... News of the latest derailment comes “just days after it emerged that Norfolk Southern CEO Alan H. Shaw received a 37 percent pay rise ... taking his base salary rose up by $200,000 to $1.1 ... Norfolk Southern's CEO is Alan Shaw, appointed in Dec 2021, has a tenure of 2.17 years. total yearly compensation is $9.77M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth €8.77M. CEO Alan Shaw's decisive, proven leadership in successfully executing Norfolk Southern's strategic transformation.Shaw has positioned the company to become the gold standard of safety in the industry, drive meaningful margin improvement, and outperform peers during freight recovery cycles, while delivering industry-leading service …Norfolk Southern CEO Alan Shaw pauses for a moment before responding to a reporter's question during an interview near the site of the company's train derailment, Tuesday, Feb. 21, 2023, in East Palestine, Ohio. ... The March jobs report was the latest piece of economic data to surprise Wall Street analysts and send stocks rallying. 4h ago ...Mar 2, 2024 · Alan Shaw got a 37% pay raise the same year as the train derailment in East Palestine. In 2022, Shaw was paid $9.8 million. Despite the financial and ecological disastrous train derailment in 2023 ... "I had Alan Shaw in my office in the state Capitol last week, and he apologized there. And for me, I don't care about Alan Shaw's words. I care about his actions," Shapiro told KDKA-TV's Jon Delano.Norfolk Southern CEO Alan Shaw. NS. An activist investor group has taken a $1 billion stake in Norfolk Southern and aims to wrest control of the company’s board and oust CEO Alan Shaw, according to a report in The Wall Street Journal this evening. The investor group, led by Cleveland-based Ancora Holdings, has nominated a slate of directors ...Norfolk Southern's CEO is Alan Shaw, appointed in Dec 2021, has a tenure of 2.42 years. total yearly compensation is $13.42M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth $8.62M.Norfolk Southern spent $387 million in the first quarter to cover the damage caused by its East Palestine, Ohio, derailment in February, the company said Wednesday. Norfolk Southern CEO Alan Shaw ...New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, ... His base salary rose $200,000 to $1.1 million, and his stock and option awards rose $2.2 ...Chadwick promised to hold CEO Alan Shaw accountable and keep fighting to improve the railroad. ... but wanted to use attrition to eliminate about 1,500 jobs over time. Norfolk …WASHINGTON — Nearly five weeks since the toxic Ohio train derailment happened in East Palestine, Norfolk Southern CEO Alan Shaw is in Washington to testify during a Senate Committee hearing.Alan Shaw in Bloomberg: “I want to take a longer-term view of things”. On June 2, 2023, Bloomberg published an interview with Norfolk Southern President and CEO Alan Shaw. The column highlighted the company’s new strategy that will help enable it to be a more customer-centric, operations-driven railroad by building a resilient workforce ...Dec 3, 2021 · By Gavin van Marle. 03/12/2021. US rail freight operator Norfolk Southern has announced that Alan Shaw (above, left) will become its new president and CEO, after James Squires (above, right) retires on 1 May, next year. Mr Shaw is currently executive VP and chief marketing officer (CMO) but the promotion is effective immediately and the ... Alan Shaw has an annual salary of $500k and a total compensation of $2.23M. Mr. Alan H. Shaw has been the Chief Marketing Officer and Executive Vice President at Norfolk Southern Corporation since May 16, 2015. Mr. Shaw served as Vice President of Intermodal Operations at Norfolk Southern Corporation since November 1, 2013 until …Norfolk Southern CEO saw a 37% raise despite East Palestine derailment. Norfolk Southern CEO Alan Shaw received $13.4 million in total compensation. The railroad took a $1.1 billion hit last year due to the derailment. An investor group has launched a proxy fight to oust Shaw. Andrew Dorn.New York (CNN) — Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially ….