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CEO's Pay Raise Amid Crisis
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CEO's Raise Amid Derailment Fallout
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Overview
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Norfolk Southern CEO Alan Shaw received a substantial 37% pay raise in 2023 despite a catastrophic derailment in Ohio leading to a $1.1 billion cost for the company. The incident caused a significant 44% decrease in net income. An investor group spearheaded by Ancora Holdings seeks to oust Shaw citing governance concerns.
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How might Shaw's pay raise impact employee morale and public perception of the company?
What broader implications does this situation have for corporate governance and executive accountability?
What measures could Norfolk Southern implement to recover financially and restore investor confidence?
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