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/p2BiAtd
Wednesday, 22 February 2023
Norfolk Southern is paying $6.5 million to derailment victims. Meanwhile, it's shelling out $7.5 billion for shareholders
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment