CSX (CSX) has released an update.
CSX Corporation has decided to reward its CEO, Joseph R. Hinrichs, with increased compensation following a review. His base salary has been raised to $1.5 million, his target annual bonus is now 175% of his base salary, and his target long-term incentive has been bumped up to $11.4 million. Additionally, CSX will now cover up to $250,000 for Hinrichs’ personal use of corporate aircraft, highlighting the company’s commitment to competitively compensate its top executive.
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