Per this source, a 25 mile radius includes 585,000 people. That means (before lawyer fees so imagine half in actuality), Norfolk-Southern wants to give $1,000 per person for permanently poisoning not only their property but their body which is now forever scarred. This was filed for approval by the Plaintiff (people hurt) but as shown in the story and simple math show this can’t be appropriate for a company with billions in revenue. Unfortunately this may also (not sure about insurance’s involvement) represent a third of their cash on hand 2023 Annual Report pdf page 58/their k48. I personally believe this is unjust and would love to hear other opinions and/or other information such as the index number for this (I have not diligently searched/PACER looked, but usually at least one news sources mentions a caption or docket number).
My dad owns stock in some train companies. I was looking at their voting stuff recently, and the two I looked at had a vote for safety measures/committees. Both recommended against it. One was voting on raising the worker limit of 2, also recommended against.
If you didn’t know, votes are weight by how much stock you own, so if you own the majority, your vote is counted as such. The companies themselves and the major stakeholders (rich people and other companies) are basically voting on themselves, mostly the rich and powerful. The system is straight up corrupt even though it sounds okay on the surface.