Fire over relationship with CEO: An Indian-origin lawyer Nabnita Nag was fired by the US railroad transport company Norfolk Southern because she had a relationship with the company’s CEO. She was the Chief Legal Officer of this Atlanta-based company, but her relationship with the company’s CEO became a hindrance in her path. This action against Nabnita has been taken after an investigation in this matter. CEO Alan Shaw has already been fired from the company on Wednesday. The relationship between Nabnita and Alan was consensual. Despite this, the company says that both of them have violated the company’s policies and code of conduct.
Nabanita has also worked with Goldman Sachs
On LinkedIn, Nabanita has written that she has worked with three companies included in the list of Fortune’s 300 government companies. Talking about her career at Norfolk Southern, Nabanita joined the company as General Counsel about four years ago in the year 2020. Two years later, in the year 2022, she became Senior Vice President and Chief Legal Officer. After this, in 2023, she became Executive Vice President and Chief Legal Officer of Corporate Affairs. Prior to this, she worked as General Counsel at Goldman Sachs.
CEO caught violating ethics policy
The company says that Allen was not fired because of the company’s performance, financial reporting and business results but because of some other reason. According to news agency Reuters, Allen’s investigation began shortly after Allen won a controversial proxy war with activist-headed fund Ancora Holdings, after which three new directors were appointed to the company’s 13-member board. According to Reuters, executives and lawyers had started discussing Allen’s severance packages.
The company’s CFO, Mark George, launched an internal investigation into whether Allen had violated the company’s ethics policies. The company also appointed Mark George as president and CEO and acknowledged on Sunday that it was investigating the CEO’s inappropriate relationship with an employee reporting to him. Allen Shaw had been associated with the company for several decades.
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