Friday, 16 May 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > Politics > Amtrak Rewarded Executives With Six-Figure Bonuses as Rail Service Struggled
Politics

Amtrak Rewarded Executives With Six-Figure Bonuses as Rail Service Struggled

Enspirers | Editorial Board
Share
Amtrak Rewarded Executives With Six-Figure Bonuses as Rail Service Struggled
SHARE

John Samuelsen, the president of the Transport Workers Union, whose members include nearly 1,500 service workers, mechanics and inspectors at Amtrak, said he was disgusted by the payouts.

“They gave themselves nice fat bonuses off the backs of workers that were exposed to harm’s way,” he said. “It just underscores the reason why there should be worker representatives on the Amtrak board.”

No bonuses were given in 2015, but in 2016 the rail service awarded some incentive pay to top executives. It spent no more than $500,000 annually on payouts in 2016, 2017 and 2018 as it narrowed its losses.

That changed in 2019. With Amtrak getting close to breaking even, the size of the 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 paid no bonuses again in 2020, as the virus brought travel to a near standstill. But in 2021, it paid out $2.3 million, despite reporting 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 incentive bonuses since 2016, more than any other executive. Eleanor Acheson, the service’s general counsel and corporate secretary, was close behind, having received nearly $727,000 over that period. Amtrak declined to provide a fuller picture of how its executives are compensated, including salaries.

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

TAGGED:AmtrakBonusesCoronavirus (2019-nCoV)Executive CompensationHiring and PromotionInfrastructure (Public Works)RailroadsThe Washington MailUnited StatesWages and Salaries
Share This Article
Twitter Email Copy Link Print
Previous Article Plug-In Hybrid Cars Gain Ground in Race With Electric Rivals Plug-In Hybrid Cars Gain Ground in Race With Electric Rivals
Next Article Republicans Begin Adjusting to a Fierce Abortion Backlash Republicans Begin Adjusting to a Fierce Abortion Backlash

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Driver Recklessly Tries to Go, Flips Automobile in Huge Accident Video

Play video content material TikTok/@trainyourdawg A dumbass driver's impatience triggered a horrific crash ... and…

By Enspirers | Editorial Board

Why is Russia’s church backing Putin’s war? Church-state history gives a clue

<img class="caas-img has-preview" alt="Vladimir Putin speaks to Russian Orthodox Church Patriarch Kirill (center) in Samolva,…

By Enspirers | Editorial Board

Iranian leader appears in public after canceling engagements due to illness

Iranian leader Ayatollah Ali Khamenei appeared in public at a religious ceremony Saturday, delivering an…

By Enspirers | Editorial Board

How Private Equity Lobbying Watered Down the Corporate Minimum Tax

WASHINGTON — An hour after Democrats released the text of their climate and tax legislation,…

By Enspirers | Editorial Board

You Might Also Like

Border Patrol Purposes Hit File Excessive – Everybody Desires To Be A Border Agent Now!
Politics

Border Patrol Purposes Hit File Excessive – Everybody Desires To Be A Border Agent Now!

By Enspirers | Editorial Board
U.S. Expenses Sinaloa Cartel Leaders With Narco-Terrorism For The First Time
Politics

U.S. Expenses Sinaloa Cartel Leaders With Narco-Terrorism For The First Time

By Enspirers | Editorial Board
Shares Soar After Short-term Tariff Discount Between U.S., China
Politics

Shares Soar After Short-term Tariff Discount Between U.S., China

By Enspirers | Editorial Board
Crockett: Democrat Donors Need ‘Safest White Boy’ As 2028 Nominee
Politics

Crockett: Democrat Donors Need ‘Safest White Boy’ As 2028 Nominee

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?