President Joe Biden — perhaps the nation’s biggest Amtrak fan — is set to promote new federal investments for trains on the heavily trafficked Northeast Corridor.
The Democratic president is headed to Bear, Delaware, on Monday to announce more than $16 billion in new funding that will go toward 25 passenger rail projects between Boston and Washington, the White House says. Bear is located about 12 miles (20 kilometers) from Biden’s home of Wilmington.
His remarks will be held at the Amtrak Bear Maintenance Shops, where trains are maintained and repaired. The investments, the White House says, will help trains run faster, cut delays and create union jobs.
“Stephen Gardner, who became Amtrak’s chief executive this year, has received more than $766,000 in short-term incentive bonuses since 2016, more than any other executive.”
800k is a lot of money, but for a CEO in the US that is well below the average. And even if none of the executives got even a single penny that hardly would account for a fraction of infrastructure expansion.
800,000 in 7 years is like 120,000 per year.
Yeah, it didn’t seem outrageous to me either, but that’s the most recent information regarding their compensation I could find, so I just assume that’s what they were referencing.
I feel like half these train guys are in it just to be “train guys” at this point. It’s a living.