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RSS FeedsNorfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it`s shelling out $7.5 billion for shareholders
(CNN.com US)

 
 

22 february 2023 21:24:52

 
Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it`s shelling out $7.5 billion for shareholders
(CNN.com US)
 


Norfolk Southern CEO Alan Shaw pledged Tuesday the freight railroad will spend $6.5 million to help those affected by the release of toxic chemicals from its derailment nearly three weeks ago in East Palestine, Ohio. But in a plan released earlier this year, the company said it`s planning to spend more than a thousand times that amount — $7.5 billion — to repurchase its own shares in order to benefit its shareholders.


 
64 viewsCategory: General > North America > USA
 
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