The AFL-CIO released its annual Executive Paywatch report which tracks how worker wages have fallen while CEO pay continues to soar. Here are some highlights from the railroad industry:
CEO to worker pay ratios
CSX — 116:1 (it previously was a 186:1 ratio)
Union Pacific — 113:1 (it previously was a 162:1 ratio)
Norfolk Southern — 109:1 (it previously was a 140:1 ratio)
Highest-paid CEOs
CPKC — CEO Keith Creel made $20,079,552 in 2023
Union Pacific — then-CEO Lance Fritz made $15,552,576 in 2023
CSX — CEO Joe Hinrichs made $14,074,235 in 2023
Norfolk Southern — CEO Alan Shaw made $13,418,978 in 2023
For more information, please click here to visit the AFL-CIO’s Executive Paywatch website.