80 Percent of Norfolk Southern’s Massive Profits Go Into Executives’ Pockets

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80 Percent of Norfolk Southern’s Massive Profits Go Into Executives’ Pockets
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The railway giant’s corporate practices are under fire after the toxic East Palestine crash.

Some 38 of the train’s 150 cars derailed, including 11 which carried hazardous chemicals: Vinyl chloride, ethylene glycol monobutyl ether, ethylhexyl acrylate, butyl acrylate, isobutylene, and benzene residue. Five more cars carried oil and another had fuel additives.

DOJ’s filing explains Norfolk Southern Corporation’s chieftains, who are one and the same as the railroad’s leaders, are judged on “performance metrics” which “focus on measures such as operating ratio and operating income for its subsidiaries.” The railroad, with its 35,000 miles of track nationwide, is the chief subsidiary.

“Approximately 80 percent of the compensation for NS Corporation’s executives are based on performance metrics,” the Justice Department asserted. Fritz Edler, the D.C.-based Senior Safety Representative for Railroad Workers United, which unites rank-and-file rail workers from all safety crafts, said the performance metrics DOJ mentioned extend below the corporate honchos, down to middle management. He also pointed out a lack of accountability at all the Class I freight railroads, not just Norfolk Southern.

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