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CEO's Raise Amid Derailment Fallout
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Despite a major derailment incident in Ohio, Norfolk Southern's CEO Alan Shaw received a significant 37% raise, totaling $13.4 million in compensation. The accident incurred a massive $1.1 billion cost, causing a 44% drop in the company's net income. Ancora Holdings-led investor group seeks Shaw's removal over governance concerns.
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How might the CEO's substantial raise during a financial crisis impact company morale and public perception?
In what ways could the derailment and ensuing financial losses affect Norfolk Southern's long-term growth and strategic direction?
What specific governance failures are being attributed to the CEO by the investor group, and how might this influence corporate decision-making?
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