I would categorize the Trains statement as an opinion that the writer has, that is unlikely to have been validated through FRA.
Amtrak actually does have stock, but it is not worth much.
"I've heard that Anderson is not getting a salary from Amtrak."
Huh? Is that for sure a fact or a rumor? Remember, the other day we were discussing rumors. *IF* that's really true the question begs to be asked, why is he working there? Certainly not because he's a foaming-at-the-mouth passenger train fan.
When Steve Jobs returned to Apple his official salary was 1 dollar a year, but of course in reality he made much more than that through stock options and things. Of course stock options are not guarnteed income but the better the business does. the more is in it for you. Jobs definitely made the Apple stock price go up up up and must have made himself quite a bit in the process.
Of course Amtrak doesn't have stocks. But maybe they gave him a contract in which only bonuses are payed based on achieving goals rather than there being a guaranteed base salary.
Anderson indeed has a $500,000 per year bonus based on meeting certain goals set for him by the Board, and has essentially no salary - i.e. he has some nominal salary like $1 a year or such. In some sense he is working for fun, just to see if he can make a whole pile of money by meeting the goals, and Board knowingly set it up that way, with a specific set of goals attached.
Based on his actions one can guess what goals have been set for him. Money talks BS walks.
My guess is, if he is let go based on the current events, even if they are consistent with his goals. he will gladly walk and take Amtrak to the cleaners for breach of contract, or anticipating that the Board will have to give him a handsome golden handshake. That is unlikely to happen.
Edited by jis, 05 June 2018 - 06:18 AM.