Let's get this straight, our jobs on the railroad have increased in productivity by 42%/28%
yet our pay has risen only 19.1%(Cost of living has risen proportionally in that time) CEO "productivity", which is measured on how well stocks do (risen 57.5% since 2000) and thier pay has risen 161.5%. Perhaps if our pay were based on the same value system that is placed on CEO's we might do better on contracts. They seem to forget. They may run the Railroads, we run the trains...... Never forget that, perhaps out Internationals will remember this as well.
Class I Railroads Income and Productivity
10/25/06
The Big Four Class I Railroads (Union Pacific, Burlington Northern Santa Fe, CSX, and Norfolk Southern) made over $1 billion each in net income in 2005. (IBT Report Class I RR Financial and operating update: 2005) Source: company annual report.
Combined, the Big Four Class I Railroads (Union Pacific,Burlington Northern Santa Fe, CSX, and Norfolk Southern) made over $5 billion in net income in 2005. (IBT Report Class I RR Financial and operating update: 2005) Source: company annual report. Total revenues for the Big Four carriers reached more that $43 billion in 2005. (IBT Report Class I RR Financial and operating update: 2005) Source: company annual report During the period of the current collective bargaining agreement beginning January 1, 2000 to present, the Big Four Carriers amassed $20.729 billion dollars in net profits. Source: company annual report During the period of the current collective bargaining agreement beginning January 1, 2000 to present, revenue for the Big Four Carriers exceeded $245,292 billion. Source: company annual report During the period of the current collective bargaining agreement beginning January 1, 2000 to present, Big Four stock prices have increased an average of 157.05%. Source: http://bigcharts.marketwatch.com/historical/ (1/3/00 â€" 6/30/06)
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