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CSX

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Learn more about Pete Peterson-funded astroturf projects at the Fix the Debt Portal.

Learn more about corporations VOTING to rewrite our laws.

Campaign to Fix the Debt
Company Profile
Company Name CSX
CEO Name Michael Ward
CEO Compensation $8,618,527
CEO Retirement Assets $32,292,517
Underfunded Company Pension -$818,000,000
Annual Company Revenue $11,743,000,000
Tax Dodger ('08-'10) 12.2%
Federal Lobbying/Political Donations ('09-'12*) $17,246,385
Click here for sources.
2011 data unless otherwise noted.
©2013 Center for Media and Democracy

CSX Corporation, "based in Jacksonville, Fla., is one of the nation's leading transportation companies, providing rail-based transportation services." [1]

In 2011, CSX reported revenues of $11,743,000,000.[2]

Ties to Pete Peterson's "Fix the Debt"

The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem."

This article is part of the Center for Media and Democracy's investigation of Pete Peterson's Campaign to "Fix the Debt." Please visit our main SourceWatch page on Fix the Debt.

About Fix the Debt
The Campaign to Fix the Debt is the latest incarnation of a decades-long effort by former Nixon man turned Wall Street billionaire Pete Peterson to slash earned benefit programs such as Social Security and Medicare under the guise of fixing the nation's "debt problem." Through a special report and new interactive wiki resource, the Center for Media and Democracy -- in partnership with the Nation magazine -- exposes the funding, the leaders, the partner groups, and the phony state "chapters" of this astroturf supergroup. Learn more at PetersonPyramid.org and in the Nation magazine.


Support for the American Legislative Exchange Council

CSX was a "Trustee" level sponsor of 2011 American Legislative Exchange Council Annual Conference, which in 2010, equated to $5,000.[3]

About ALEC
ALEC is a corporate bill mill. It is not just a lobby or a front group; it is much more powerful than that. Through ALEC, corporations hand state legislators their wishlists to benefit their bottom line. Corporations fund almost all of ALEC's operations. They pay for a seat on ALEC task forces where corporate lobbyists and special interest reps vote with elected officials to approve “model” bills. Learn more at the Center for Media and Democracy's ALECexposed.org, and check out breaking news on our PRWatch.org site.


Charleston coal exports

With coal exports increasing along the US East Coast, the Charleston, SC Shipyard River Terminal coal export facility, owned by Kinder Morgan Energy Partners, is in the process of expansion. In May, 2011, CSX railroads confirmed plans to expand export facilities by 7 million short tons per year, probably in Philadelphia starting in 2011 and in South Carolina by 2013. [4]

Personnel

Board of Directors

As of January 2013[5]


Former directors include[6]

  • Alexandre Behring

Executives

As of January 2013[7]

  • Michael J. Ward, Chairman, President, and Chief Executive Officer
  • Fredrik Eliasson, Executive Vice President and Chief Financial Officer
  • Clarence W. Gooden, Executive Vice President-Sales and Marketing and Chief Commercial Officer
  • Oscar Munoz, Executive Vice President and Chief Operating Officer, CSX Transportation Inc.
  • Ellen M. Fitzsimmons, Executive Vice President-Law and Public Affairs, General Counsel and Corporate Secretary
  • Lisa A. Mancini, Senior Vice President and Chief Administrative Officer

Contact

URL: http://www.csx.com

Resources and articles

Featured SourceWatch Articles on Fix the Debt

Related Sourcewatch

References

  1. About, CSX, accessed June 24, 2010.
  2. CSX, [phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTMyMDg1fENoaWxkSUQ9LTF8VHlwZT0z&t=1 "2011 Annual Report"], organizational document, page 5.
  3. [American Legislative Exchange Council, 2011 Conference Sponsors, conference brochure on file with CMD, August 11, 2011]
  4. "US East Coast coal exports surge in May,"Argus, June 28, 2011.
  5. CSX, [1], organizational website, accessed January 2013
  6. Directors, CSX, accessed June 24, 2010.
  7. CSX, [2], organizational website, accessed January 2013