NS SEC filing shows executive pay rose

March 3, 2016

Norfolk Southern SEC filing shows top executive’s pay rose, Canadian Pacific undeterred

By Robert McCabe, The Virginian-Pilot

NORFOLK – James Squires, president, CEO and chairman of Norfolk Southern Corp., saw the value of his pay package climb 34.6 percent last year.Website Insert Cars and Financing copy

His compensation rose to $7.98 million from $5.93 million a year earlier, according to a preliminary proxy statement filed with the Securities and Exchange Commission on Monday.

President since 2013, Squires became CEO on June 1, 2015, and chairman four months later. Since fall, he has been at the center of a challenge for control of the railroad where he’s worked since 1992.

In mid-November, Canadian Pacific Railway made the first of three offers to merge with Norfolk Southern, all of which have been rejected as “grossly inadequate.”

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