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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

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Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
PoliticsAmtrak

Amtrak is slashing executive bonuses to give out $900 apiece to over 18,000 rank-and-file workers

By
Safiyah Riddle
Safiyah Riddle
and
The Associated Press
The Associated Press
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By
Safiyah Riddle
Safiyah Riddle
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The Associated Press
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December 12, 2025, 8:39 AM ET
Amtrak
An Amtrak train prepares to depart the Austin station on November 12, 2025 in Austin, Texas. Bus and train bookings for the Thanksgiving holiday period have risen 12% according to the travel search engine Wanderu. The increase is in part due to ongoing air travel woes amid the ongoing government shutdown. Brandon Bell/Getty Images
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More than 18,000 Amtrak workers will receive a $900 bonus before the end of the year, the U.S. Department of Transportation announced on Thursday evening.

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Funding for the bonuses will come from Amtrak’s executive leadership team bonus packages, the statement said. The federal administration urged executive leadership “to forgo 50% of the bonus packages that would have been paid out under the misplaced priorities of the previous executive bonus structure.”

Amtrak set all-time records for both ridership and revenue in the 2025 fiscal year, according to its annual report, with over $2.7 billion in ticket revenue from 34.5 million riders.

The bonuses were applauded by some unions representing train workers.

“End-of-year bonuses will now go to 18,000 front-line workers rather than being limited to the executive ranks. This long-overdue recognition of the employees who keep the railroad moving is a step in the right direction,” Mark Wallace, the president of the Brotherhood of Locomotive Engineers and Trainmen National union, said in a statement.

The announcement comes amid ongoing controversy over the Trump administration’s decision to limit $10,000 bonuses to air traffic controllers and technicians who had perfect attendance during the government shutdown — a measure that rewarded only 776 people, and left nearly 20,000 other workers without the payment.

The disparity was blasted by air traffic controller unions at the time of the announcement in November.

“We are concerned that thousands of air traffic controllers who consistently reported for duty during the shutdown, ensuring the safe transport of passengers and cargo across the nation, while working without pay and uncertain of when they would receive compensation, were excluded from this recognition,” the National Air Traffic Controllers Association union said in a statement.

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