The railroad CEO whose company is at the center of last year’s train wreck in East Palestine, Ohio, finished the year with a $3.6 million raise, according to a securities filing.
Norfolk Southern CEO Alan Shaw’s total compensation rose from $9.8 million in 2022 to $13.4 million in 2023, according to the company’s proxy filing with the Securities and Exchange Commission. The disclosure comes as Norfolk Southern faces a shareholder campaign to replace most of its board members and fire Shaw.
the company’s proxy filing
Shaw became the company’s public face in the wake of the wreck, visiting East Palestine several times and testifying in Congress on rail safety reforms.
testifying in Congress
The pay bump includes a 22 percent percent raise in Shaw’s base salary, from $900,000 to $1.1 million, along with bonuses and stock awards. Shaw also gets other perks, including use of a private airplane.
