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In 2002 Norfolk Southern spent $101 million on dividends and stock repurchases. Two decades later, and with the help of P.S.R., the company allocated $4.7 billion–an increase of over 4500%.
“They cut their workforce to barebones, and now they’re paying the price for it because the wheels are falling off the train.”
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“They cut their workforce to barebones, and now they’re paying the price for it because the wheels are falling off the train.”
More...