Exclusive | Amtrak's 10 highest earners raked in six-figure bonuses

Oct 5, 2022 · In 2021, Amtrak spent a total of $2.3 million on the annual bonuses – despite the company registering its lowest revenues and biggest losses in more than 10 years, the Times …

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Exclusive | Amtrak's 10 Highest Earners Raked In Six-figure Bonuses

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Oct 5, 2022 · In 2021, Amtrak spent a total of $2.3 million on the annual bonuses – despite the company registering its lowest revenues and biggest losses in more than 10 years, the Times …

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Amtrak Pays Executives Six-Figure Bonuses As Losses Continue

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Jun 12, 2024 · In 2023, Amtrak paid out more than $5 million in short- and long-term incentive bonuses to its executives even as the passenger rail service posted $1.7 billion in losses, …

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Amtrak Rewarded Executives With Six-Figure Bonuses As Rail …

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Aug 5, 2022 · Amtrak paid no bonuses again in 2020, as the virus brought travel to a near standstill. But in 2021, it paid out $2.3 million, despite reporting its lowest revenue and biggest …

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N.Y. Post Reports Amtrak Execs Net Big Post-pandemic Bonuses

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Oct 11, 2022 · The New York Post reported that Amtrak paid out over $2.3 million in annual bonuses to 10 executives in 2021, despite the carrier seeing its lowest revenues in a decade.. …

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Amtrak Execs Get $2.4M In Bonuses - RealClearPolicy

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Oct 21, 2022 · Even as Amtrak ridership and revenue dropped in 2021, the 10 highest paid executives at the national railroad company collected a total of $2.4 million in bonuses on top …

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Sens. Cruz, Fischer Demand Answers On Exorbitant Amtrak Bonuses

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Jun 12, 2024 · Letter exposes Amtrak’s allocation of $75 million in bonus payments in FY 2023 despite ~$2 billion net loss. ... Amtrak paid out nearly $75 million in bonuses, representing 4% …

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GOP Senators Slam Financially Strapped Amtrak For Paying $75M In …

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Jun 24, 2024 · Sens. Ted Cruz (R-Texas) and Deb Fischer (R-Neb.) are asking Amtrak leaders to explain why it was appropriate for officials to receive significant pay awards as the federally …

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Sens. Fischer, Cruz Demand Answers On Exorbitant Amtrak Bonuses

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Amtrak paid out nearly $75 million in bonuses during fiscal year (FY) 2023, comprising four percent of the company’s $1.75 billion net loss that year. The company awarded annual …

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The New York Times Reports... - Railfan & Railroad Magazine

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Aug 5, 2022 · The New York Times reports that Amtrak shelled out more than $2.3 million in executive bonuses in 2021 — the most it has ever offered — despite low... The New York …

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Gardner’s Bonuses, Amtrak’s Lack Of Profitability Attacked ... - Trains

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Jun 6, 2023 · WASHINGTON — Amtrak CEO Stephen Gardner was repeatedly asked to defend his near-$500,000 annual salary, and the company’s practice of giving out six-figure …

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FAQs about Exclusive | Amtrak's 10 highest earners raked in six-figure bonuses Coupon?

Does Amtrak give bonuses to its employees?

An Amtrak spokesperson confirmed that the company does offer bonuses to its employees. In 2021, Amtrak spent a total of $2.3 million on these annual bonuses. ...

Did Amtrak give $200,000 bonus to executives as it lost $1.7 billion?

Amtrak gave $200,000 bonuses to executives as it lost $1.7 billion. ...

What amount did Amtrak pay its executives in 2023?

In 2023, Amtrak paid out more than $5 million in short- and long-term incentive bonuses to its executives, despite posting $1.7 billion in losses. ...

Why were Amtrak bonuses criticized?

Bonuses were not justified given the service’s failure to meet its customer satisfaction goals and its billions in losses. A letter sent from Mr. Cruz, a Texas Republican, and Senator Deb Fischer, a Nebraska Republican, to Amtrak on Tuesday contended this. ...

Who pays for Amtrak's six-figure bonuses?

The bonuses, which enraged the Transportation Workers Union, are partly paid for by the American taxpayer. The union represents more than 1,000 Amtrak employees and noted in a statement that taxpayers are footing the bill for the six-figure rewards. ...

How much do Amtrak executives get paid on average?

In the 2021 fiscal year, nine Amtrak executives received bonuses exceeding $200,000. The passage does not provide information on the average salary of Amtrak executives. ...