Corporate greed: AFL-CIO Executive Paywatch exposes exorbitant CEO pay in railroad industry

The AFL-CIO recently 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

СРКС - 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