ADVERTISEMENT
Daily Expert News
No Result
View All Result
Tuesday, January 31, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home Politics

Amtrak rewards executives with six-figure bonuses as train service struggled

by Nick Erickson
August 5, 2022
in Politics
131 2
0
Amtrak rewards executives with six-figure bonuses as train service struggled
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


ADVERTISEMENT

John Samuelsen, the chairman of the Transport Workers Union, which includes nearly 1,500 service workers, mechanics and inspectors at Amtrak, said he was disgusted by the payouts.

“They gave themselves nice fat bonuses on the backs of workers exposed to danger,” he said. “It just underscores why there should be employee representatives on the Amtrak board.”

No bonuses were awarded in 2015, but in 2016 the rail service awarded some incentives to top executives. It spent no more than $500,000 a year on payouts in 2016, 2017, and 2018, as it cut its losses.

That changed in 2019. With Amtrak nearing break even, the size of its bonus payouts to top executives nearly quadrupled, rising to a total of nearly $1.8 million, from just over $480,000 the year before. Amtrak again did not pay bonuses in 2020, as the virus almost brought travel to a halt. But in 2021, it paid out $2.3 million, despite its lowest revenue and biggest losses in more than a decade.

Stephen Gardner, who became Amtrak’s chief executive this year, has received more than $766,000 in short-term bonuses since 2016, more than any other executive. Eleanor Acheson, the service’s general counsel and secretary, was close behind, receiving nearly $727,000 during that period. Amtrak declined to provide a more complete picture of how its executives are compensated, including salaries.

Of the twelve members of Amtrak’s current leadership team, all but three received bonuses in excess of $200,000 last year, ranging from about $230,000 to more than $293,000 for Mr. Gardner, who was then president.

Tags: AmtrakbonusesDailyExpertNewsexecutivesRewardsServicesixfigureStruggledtrain

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

The most important Senate races to watch in 2024
Politics

The most important Senate races to watch in 2024

January 30, 2023
A colossal off-year election in Wisconsin
Politics

A colossal off-year election in Wisconsin

January 16, 2023
How far right are the 20 Republicans who voted against McCarthy?
Politics

How far right are the 20 Republicans who voted against McCarthy?

January 5, 2023
In the absence of a speaker, part of the government ceases to function
Politics

In the absence of a speaker, part of the government ceases to function

January 5, 2023
Biden promotes compromise at a time of Republican chaos in Washington
Politics

Biden promotes compromise at a time of Republican chaos in Washington

January 4, 2023
Trump, mommy as McCarthy fluttered, calls on Republicans to embrace him as speaker.
Politics

Trump, mommy as McCarthy fluttered, calls on Republicans to embrace him as speaker.

January 4, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
ATP says no disciplinary action will be taken against Alexander Zverev after investigation into abuse allegations | CNN

ATP says no disciplinary action will be taken against Alexander Zverev after investigation into abuse allegations | DailyExpertNews

January 31, 2023
Man Makes

Man Makes “Next Level Pitch” For Job At Cred, Internet Is Impressed

January 31, 2023
Iran Jails Couple For Viral Dancing Video: Activists

Iran Jails Couple For Viral Dance Video: Activists

January 31, 2023
Former Wagner commander describes brutality and incompetence on the front line

Former Wagner commander describes brutality and incompetence on the front line

January 31, 2023
ADVERTISEMENT

Recent News

ATP says no disciplinary action will be taken against Alexander Zverev after investigation into abuse allegations | CNN

ATP says no disciplinary action will be taken against Alexander Zverev after investigation into abuse allegations | DailyExpertNews

January 31, 2023
Man Makes

Man Makes “Next Level Pitch” For Job At Cred, Internet Is Impressed

January 31, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?