Shaw has been the face of the railroad since a derailment of one of its trains in East Palestine, Ohio, on February 3. The derailment caused a toxic spill and fire, The CEO got only slightly more in his eight months in the top job than his predecessor, James Squires, got in the first four months of 2022 when he was still CEO. Squires’ compensation for the year came to $9.6 million. Squires received $14 million in 2021, while Shaw received $4.
The pay figures were disclosed in an annual filing by the company Friday morning. The combined pay for the two executives is equal to 70% of the $27.8 million that Norfolk Southern has committed so far to compensate the communities and its residents affected by the derailment. The derailment has been the focus of two congressional hearings and has sparked legislation aimed at improving rail safety.
BlackKnight10k Why, though? This is cheaper for the railroad than regulation.
This guy?
What about punishing CEO’s that pushed fear on the American public through MainstreamMedia
And when Republicans were in charge, they rolled back the restrictions to make people like him more wealth. Less safety for all of us = more money for him. That’s the Phucking problem. Phucked!! Don’t vote for Republicans!!
Please keep exposing these crooks! It does matter!
I wish him well