This is the best summary I could come up with:

Norfolk Southern CEO Alan Shaw received a 37% increase in compensation last year, even after the company’s railroad was involved in a financially and ecologically disastrous derailment in East Palestine, Ohio.

The accident on February 3, 2023, did not result in any fatalities, but did cause a massive fire fueled by toxic chemicals and the evacuation of much of the small Ohio town.

But the problems at Norfolk Southern have sparked a proxy battle, as an investor group led by Ohio-based Ancora Holdings is seeking to elect an alternative slate of candidates to the company’s board of directors, with the goal of replacing Shaw.

“It’s alarming that the board rewarded Mr. Shaw with a massive raise and total compensation of $13.4 million during the same year he presided over industry-worst operating results, sustained underperformance and a tone-deaf response to the derailment in East Palestine,” the group told CNN in a statement.

In a statement on its site, Norfolk Southern said in the coming weeks it “will also provide details regarding how Ancora’s nominees and plan may not only hinder the successful execution of a strategy that is yielding results, but also threaten Norfolk Southern’s progress on safety, its continued commitment to the community of East Palestine, and its improved relationships with regulators and other stakeholders.”

The proxy filing from Norfolk Southern said its board has “unanimous support for the company’s strategy that balances safe and reliable service, continuous productivity improvement and smart growth under the leadership of CEO Alan Shaw.”

The original article contains 576 words, the summary contains 250 words. Saved 57%. I’m a bot and I’m open source!

Look, ecological disasters can happen, but CEOs being paid regular wages is absolutely intolerable.