Salaries of Amtrak Management

With Amtrak going through a difficult period the last two years its seems that Amtrak management did extremely well. Judge for yourself but here is the chart.

While I will concede the idea of bonuses for executives of a publicly funded company is a bad optic especially in these times, at the end of the day this is quite low pay given the size of the company and when you compare to what other executives in similar businesses in the industry make (class 1 railroads and airline executives.) If you look at what those guys are making this is really chump change at the end of the day. I can understand the unions annoyance and two wrongs don’t make a right but they should be equally or more offended by the following.

Exhibit A this chart of the pay of CSX executives. And they aren’t really winning any gold stars for performance:

https://www1.salary.com/CSX-CORP-Executive-Salaries.html

The bottom line here is that I have little problem with the executives Amtrak base salaries while wishing that even 50% of their base compensation would be wonderful for myself. . I do see a problem with bonuses that are typically given as achievement rewards. Where are the achievements for which these bonuses were given?

dlagrua said:

The bottom line here is that I have little problem with the executives Amtrak base salaries while wishing that even 50% of their base compensation would be wonderful for myself. . I do see a problem with bonuses that are typically given as achievement rewards. Where are the achievements for which these bonuses were given?

Click to expand...

I think it’s more a contractual thing than it is a “you’re doing such a great job here’s an award” thing. The word bonus implies exceptional performance but a better term for it would probably be conditional compensation. But in the contract it essentially says if you and the company meet this benchmark you get the full possibly amount you’re entitled to. Otherwise you make this base amount.

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