Judd Legum

@JuddLegum ↗

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Last Checked March 1, 2023

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Wed Feb 15 16:16:00 +0000 2023

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Judd Legum @JuddLegum

13. Instead, Norfolk Southern has taken the higher profits from Precision Scheduled Railroading and used it to repurchase shares of its own stock — a practice that benefits executives and investors by increasing the price. — PolitiTweet.org

Posted Feb. 15, 2023

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Judd Legum @JuddLegum

12. Unions representing freight rail workers have warned for years that "with the stakes so high any time a train derails, the new system is risky." Their concerns were ignored. — PolitiTweet.org

Posted Feb. 15, 2023

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Judd Legum @JuddLegum

14. One person who stands to make millions from the stock buybacks is Norfolk Southern CEO James Squires. Squires made $14 million in 2021 mostly in stock awards and options. The value of those awards/options will likely increase due to buybacks. https://t.co/Q8ssCAf1et — PolitiTweet.org

Posted Feb. 15, 2023