Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it's shelling out $7.5 billion for shareholders

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.

from CNN.com - RSS Channel - HP Hero https://ift.tt/fzYQX5n
via Free Job Alert Free Job Alert

Comments

Popular posts from this blog

Rashmika Mandanna locked in as female lead for Salman Khan – AR Murugadoss’ Sikandar

Hema Malini welcomes MG M9 Electric MPV at Rs. 69.90 lakh packed with luxury features

Amitabh Bachchan announces drop in ticket rates to Rs. 150 for the Rashmika Mandanna starrer Goodbye on its opening day