Norfolk Southern shareholders will decide Thursday if they want to fire the CEO

Norfolk Southern investors elect three new directors to the railway's board. Activist investor Ancora Holdings waged a proxy fight and pushed to get seven newcomers elected to the 13-member board. CEO Alan Shaw was re-elected, but AnCora also urged investors to oust him.

Norfolk Southern shareholders will decide Thursday morning whether to back an activist investor’s bid to take over the railroad’s board and replace management.