Railroader Blog's  Instablog

The Union Pacific Railroad just posted their 2009 Q1 earnings that reflected an 18% drop from last year. Jim Young, the UP CEO/President was rewarded with a 20% raise for, er, well…nothing!  Should bonuses and pay raises be in proportion with how the company is doing?  

Comment from Jim Young, Union Pacific CEO/President :  ”The difficult economic conditions continue to affect our business volumes,” Young said. “During this challenging time, we are reducing costs across the board, strengthening our operations and offering competitive supply chain solutions to our customers. We offer a safe, fuel-efficient, environmentally friendly transportation product that delivers value for our customers and the nation’s economy.”