E. Hunter Harrison earnings nearly doubled

[Anonymous]

CN RAIL's CEO/President saw his total compensation package exculding shares rise 90% according to Company filings he got nearly $2.9 Million in 2003 which included a base salary of $1.1Million and a fat bonus of $1.43 Million. More than last year $1.53 Million sallory on top of that he got $22,200 for club fees HE'S PAID MORE THAN *** DAVISON THE BANNA OF THE LARGEST RAILROAD IN THE U.S. also he got an interast free $653,250 loan Mr. Harrison got in 2001 is due to be forgive on June 30th of this year if he is still at CN then also he got a $1.5 Million Dollar loan forgiven in 2001 and in 2003 he got 540,000 shares in options. CN said he got this fat pay jack due to metting targets of 2003. Bet this makes the Unions a little mad

DOGGY

[espeefoamer]

Maybe he could send me a couple thousand.[;)]LOL

[Anonymous]

QUOTE: Originally posted by espeefoamer

Maybe he could send me a couple thousand.[;)]LOL

Me Too

[CliqueofOne]

Too bad he doesn't treat his employees more humanely and compensate them better for putting up with his injudicious and inappropriate behaviour. Gene B. Signal Department. Canadian National Railways.

[Anonymous]

...that's a lot of cash for one guy....

How can I become a C.O.D?

[greyhounds]

QUOTE: Originally posted by Doggy

CN RAIL's CEO/President saw his total compensation package exculding shares rise 90% according to Company filings he got nearly $2.9 Million in 2003 which included a base salary of $1.1Million and a fat bonus of $1.43 Million. More than last year $1.53 Million sallory on top of that he got $22,200 for club fees HE'S PAID MORE THAN *** DAVISON THE BANNA OF THE LARGEST RAILROAD IN THE U.S. also he got an interast free $653,250 loan Mr. Harrison got in 2001 is due to be forgive on June 30th of this year if he is still at CN then also he got a $1.5 Million Dollar loan forgiven in 2001 and in 2003 he got 540,000 shares in options. CN said he got this fat pay jack due to metting targets of 2003. Bet this makes the Unions a little mad

DOGGY

What difference does it make what he is paid?

KS

[PNWRMNM]

KS

Envy is as strong an emotion as greed. Few get paid well, which leaves many to be envious if they choose. This is why the Democrats always go for the class warfare of "Tax the rich feed the poor till there are no rich no more."

Mac

[Saxman]

There is no doubt that the compensation received by Mr. E. H. is obscene to the average worker. However, to the stockholders and board of directors who pay his salary, he is worth the price. After all he makes them money! That is why HE is the CEO. Stop making money for the shareholders and BOD's and you will not be the CEO.

The part that rubs many of us who work for CN the wrong way, are the interest free loans that he receives that are forgiven. Why on earth would an individual who makes this kind of money need interest free loans? Another issue would be the club membership fees of $250,000. I guess it's just the "perks" of being at the top.

Mr. Harrison compensation is just one of many examples of current business practices that have lead to the ruination and decline of American business.

[Anonymous]

QUOTE: Originally posted by Saxman

There is no doubt that the compensation received by Mr. E. H. is obscene to the average worker. However, to the stockholders and board of directors who pay his salary, he is worth the price. After all he makes them money! That is why HE is the CEO. Stop making money for the shareholders and BOD's and you will not be the CEO.

The part that rubs many of us who work for CN the wrong way, are the interest free loans that he receives that are forgiven. Why on earth would an individual who makes this kind of money need interest free loans? Another issue would be the club membership fees of $250,000. I guess it's just the "perks" of being at the top.

Mr. Harrison compensation is just one of many examples of current business practices that have lead to the ruination and decline of American business.

Interest free loans and other non-salary payments are often merely ways around various taxes similar to the way options (now largely disfavored) work. They are indeed an executive perk. CEOs like Mr. Harrison are paid based upon the performance of their company in some large part. That is the major reason Harrison is doing so well, CN is probably the most efficient of the Class 1s at the moment.

I can't speak to how he treats the employees, but it sounds as though at least some of the issues with discipline have been relaxed after the recent strike. I know well working for a different Class 1 what lousy mean spirited disciplinary action can mean. I also know that railroad employees are pretty well paid compared to other industries. I think that how you view the pay of the CEO is a matter of scale and value. Everyone has their opinion and welcome to it.

LC