Railroad
Ohio Senator Blames Corporate Greed for Train Crash, Toxic Spill
- Buybacks, big dividends and layoffs cited by Sherrod Brown
- Cleanup begins with $1 million Norfolk Southern ‘down payment’
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Ohio Senator Sherrod Brown said corporate maneuvers that favor shareholders and company executives are to blame for safety lapses leading up to a train derailment that spilled toxic chemicals in a town in his home state.
“This is the same old story — corporations do stock buybacks, they do big dividend checks, and they lay off workers,” Brown said on CNN’s “State of the Union” on Sunday. “These things are happening because the railroads are simply not investing the way they should in car safety and the rail lines themselves.”