August 23, 2024 | CEO Pay, News, Top News
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...
August 4, 2023 | AFL-CIO, CEO Pay, Headlines
(Source: Pensions & Investments, August 3, 2023) Average total compensation for CEOs of S&P 500 index companies dipped in 2022 to $16.7 million from a record $18.3 million in 2021 according to the AFL-CIO’s Executive Paywatch website. That represents the...
June 5, 2023 | CEO Pay, Headlines, NS
(Source: Market Beat, June 4, 2023) Norfolk Southern Co. CEO Alan H. Shaw sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 1. The shares were sold at an average price of $209.55, for a total transaction of $419,100.00. Following the...
April 26, 2023 | CEO Pay, Headlines, PSR
(Source: Trains Magazine, April 24, 2023) The publicly traded U.S. Class I railroads are putting more of an emphasis on service and volume growth in the annual incentive plans they offer to their executives. It’s a clear sign, analysts say, that the railroads are...
April 10, 2023 | CEO Pay, East Palestine-NS, Headlines, NS
(Source: CNN, April 6, 2023) Part of the deal with being the boss is you get paid top dollar in exchange for taking on the most risk. In theory, at least. But the pandemic era has, in many cases, flipped that idea on its head. Recent filings illustrate the way CEOs...
March 13, 2023 | CEO Pay, East Palestine-NS, Headlines, NS, PSR, Quarterly Income
(Source: Scripps News, March 8, 2023) A Scripps News investigation found that Norfolk Southern told the Securities and Exchange Commission (SEC) in a proxy filing that one reason top executives were given large cash awards was because of the company’s “record...
December 14, 2022 | CEO Pay, Headlines, NS
(Source: The AM Reporter, December 13, 2022) Norfolk Southern Co. Director James A. Squires sold 21,272 shares of Norfolk Southern stock in a transaction dated Thursday, December 8. The shares were sold at an average price of $245.76, for a total value of...
September 16, 2022 | CEO Pay, CSX, Headlines
(Source: Railway Age, September 15, 2022) CSX on Sept. 15 reported that as “part of a planned succession process,” Joseph R. Hinrichs will become President and CEO, succeeding James M. Foote, effective Sept. 26. Full story: Railway Age
August 8, 2022 | CEO Pay, Headlines, NS
(Source: Defense World, August 6, 2022) Norfolk Southern Co. Director James A. Squires sold 105,420 shares of the stock in a transaction that occurred on Tuesday, August 2. The stock was sold at an average price of $248.81, for a total value of $26,229,550.20....
July 15, 2022 | CEO Pay, Contract Negotiations, National Negotiations 2019, News
INDEPENDENCE, Ohio, July 15 — On Tuesday, July 12, 2022, BLET National President Dennis R. Pierce traveled to Washington D.C. to represent the membership of the Brotherhood of Locomotive Engineers and Trainmen at the Public Interest Hearings held by the National...
