Amtrak Rewarded Executives With Six-Figure Bonuses as Rail Services Struggled

John Samuelsen, the president of the Transport Employees Union, whose associates incorporate just about 1,500 provider workers, mechanics and inspectors at Amtrak, stated he was disgusted by the payouts.

“They gave them selves wonderful unwanted fat bonuses off the backs of personnel that have been uncovered to harm’s way,” he claimed. “It just underscores the motive why there ought to be worker associates on the Amtrak board.”

No bonuses have been offered in 2015, but in 2016 the rail assistance awarded some incentive pay back to major executives. It put in no extra than $500,000 annually on payouts in 2016, 2017 and 2018 as it narrowed its losses.

That altered in 2019. With Amtrak having close to breaking even, the dimension of the reward payouts to top rated executives practically quadrupled, climbing to a total of nearly $1.8 million, from just over $480,000 the 12 months before. Amtrak compensated no bonuses once more in 2020, as the virus introduced vacation to a in close proximity to standstill. But in 2021, it paid out out $2.3 million, inspite of reporting its lowest profits and largest losses in far more than a 10 years.

Stephen Gardner, who grew to become Amtrak’s chief executive this year, has been given far more than $766,000 in limited-term incentive bonuses given that 2016, more than any other government. Eleanor Acheson, the service’s typical counsel and corporate secretary, was shut powering, having gained approximately $727,000 over that interval. Amtrak declined to present a fuller image of how its executives are compensated, including salaries.

Of the dozen associates of Amtrak’s latest leadership team, all but three been given bonuses of much more than $200,000 last 12 months, ranging from about $230,000 to more than $293,000 for Mr. Gardner, who was president at the time.

The Fort News