10.26 Million Dollars per yer

[Full Service]

Forbes recently listed the top paid CEO's in the country, and Mr. Charles W Moorman IV, CEO of Norfolk Southern, was ranked #168, with total compensation of 10.26 million per year.  He is ranked 4th in the transportation sector.

Michael J Ward, CEO of CSX is ranked #1 in transportation with total yearly compensation of 19 million. NS consistently has better stock returns, better profit ect, yet CSX pays their top man a little over 9 million more a year. I find that odd, and bet the CSX stockholders would to.

A little good reading to make you feel even more insignificant in the grand scheme of things. http://www.forbes.com/lists/2012/12/ceo-compensation-12_Charles-W-Moorman-IV_EXV5.html   

[NSMoWandS]

After Ward fought off "The Children's Fund" a couple of years ago, and has started to turn CSX around and make capital improvements once again... in my opinion... he deserved a raise. Not sure about 9 million dollar raise... but, at least a 50cent/hour raise.

[Michael Knight]

After Ward fought off "The Children's Fund" a couple of years ago, and has started to turn CSX around and make capital improvements once again...

Ward started turning CSX around as soon as he took the reigns from Snow, and it has been quite a turnaround at that. With large scale capital investments to catch up on years of deferred spending and a redesigned network to gain operational efficiencies, CSX was poised to become a fierce competitor in the east, and a fierce competitor it has become--as evidenced by the many key accounts CSX has captured in recent years.

Kudos to Ward and his team for fighting off TCF and for making good on their promises to investors, not to mention their successful internal turnaround as far as culture and safety-minded operating practices are concerned.

[Railroad80]

Ward took the reins after the ex CEO LaVan from Conrail, That was the lure  or sweetheart deal Snow gave him to buy Conrail, before the bidding war. Jack Snow in attempt to keep paying dividends raped the CSX, it was in a bad state of repair after he left.. And La Van with the meltdown of the Conrail merger was replaced by Ward. Ward has done an outstanding job, he hired some NS people and put them in key operating positions.
Check out the book "The Men who loved Trains" a good read of the battle for Conrail.

[Michael Knight]

Ward took the reins after the ex CEO LaVan from Conrail, That was the lure  or sweetheart deal Snow gave him to buy Conrail, before the bidding war. Jnow Snow in attempt to keep paying dividends raped the CSX, it was in a bad state of repair after he left.. And La Van with the meltdown of the Conrail merger was replaced by Ward. Ward has done an outstanding job, he hired some NS people and put them in key operating positions.
Check out the book "The Men who loved Trains" a good read of the battle for Conrail.

Ron Conway, of Conrail, became CSXT's president following the Conrail acquisition. After numerous issues, including service failures throughout the original CSX system as well as the handling of an FRA safety audit, Conway and his team were fired in a management shakeup, with Snow regaining top control of CSXT on April 11, 2000, and Ward soon after appointed successor.

There are many lessons to be learned after Snow's number manipulation game at CSX. Many other executives across all industries are doing the same thing Snow did.

Thankfully, CSXT has been on the right track thanks to Ward and is now reaping the benefits of his leadership. Ward truly has done an outstanding job. Seeking then-top talent at NS was an excellent benchmarking move on Ward's part also.