COVID Stimulus Watch Individual Entry

Recipient Company:

Norfolk Southern Corp

Loan or Loan Guarantee Amount:

$1,057,250

Recipient Details

Ownership Structure: publicly traded (ticker symbol NSC)

Award Date: Oct 15, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Norfolk Southern

Headquartered in: Virginia

Parent Sector: railroads

Parent Industry: railroads

Employees (prior to pandemic): 24,587

Employment-related Penalties: $3,993,521

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $18,514,599

Ratio of CEO Pay to that of Median Worker: 154 to 1

CEO Compensation: $16,636,674

Worker Median Pay: $108,348

Total Federal, State, and Local Subsidies: $18,735,559

Federal Corporate Income Tax Rate: 14.9%