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

Gopichand Malineni opens up about directing Sunny Deol; says, “I wrote the script knowing it’ll be perfect for someone like Sunny”