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CN boss: Red tape could hit rail service

(Source: Financial Post, September 24, 2012) OTTAWA — Claude Mongeau, Canadian National Railway Co. chief executive, says he is “deeply concerned” about the potential impact increased regulation will have on the rail industry and the Canadian economy as a whole. Full...

CEO pay is 380 times average worker’s

(Source: CNN, April 19, 2012) WASHINGTON, D.C. — Chief executives at some of the nation’s largest companies earned an average of $12.9 million in total pay last year — 380 times more than a typical American worker, according to the AFL-CIO. Full story:...

Companies lobby to hide disparity in CEO, worker pay

(Source: The Washington Post, June 27, 2011) WASHINGTON, D.C. — A group backed by 81 major companies is lobbying to keep secret how much more CEOs makes than their typical worker. Legislation forcing companies to publish their comparison was passed as part of a large...

New rules give shareholders a say on CEO pay

(the following appeared on the Florida Times-Union website on May 2, 2011.) JACKSONVILLE, Fla. — It happens every spring. As publicly traded companies prepare for their annual shareholders meetings, the companies issue proxy statements that include data on how much...

Union Pacific CEO paid nearly $12 million in 2010

(The Associated Press circulated the following on March 25, 2011.) OMAHA, Neb. — Union Pacific railroad increased the bonus it paid CEO Jim Young to $3.7 million for 2010 because he managed the railroad well as the economy began to improve, but Young’s total...

CSX CEO paid $7.7 million in 2010

(The Associated Press circulated the following on March 24, 2011.) NEW YORK — The CEO of railroad CSX Corp. received total compensation valued at $7.7 million in 2010, a 9 percent raise from 2009, according to an Associated Press analysis of a company regulatory...

NS CEO paid $8.3 million in 2010

(The Associated Press circulated the following on March 24, 2011.) NEW YORK — Norfolk Southern’s CEO saw his total compensation fall 9 percent last year despite strong growth in the company’s earnings and stock price, according to an Associated Press...

Norfolk Southern CEO makes $10.9 million in 2009

(The Associated Press circulated the following on March 5, 2010.) PHILADELPHIA — The CEO of Norfolk Southern Corp. received $10.9 million in compensation for 2009, 9 percent less than the prior year as the railroad operator grappled with the economic downturn,...

KCS chairman paid $5.2 million in 2007

(The Associated Press circulated the following story by David Twiddy on March 27.) KANSAS CITY, Mo. — The chairman and chief executive officer of Kansas City Southern received compensation valued at $5.2 million, a 63 percent increase over 2006, according to a...