FW: Ancora didn’t oust Norfolk Southern’s Shaw at first but ultimately succeeded

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FREIGHTWAVES reports:

In the end, Ancora got its man. 

In a stunning turn of events that could not have been foreseen when Alan Shaw, then the CEO of Norfolk Southern (NYSE: NSC), swatted away a proxy battle by Ancora Holdings in May to have him removed from his job, Shaw is now gone anyway.

He was felled soon after the launch of an investigation of a personal relationship with the company’s chief legal officer, Nabanita C. Nag. 

And according to an explosive piece in The Wall Street Journal, it was Ancora ...