And as usual find a boogeyman that doesn’t have a chance.
Don’t point at the people responsible for this mess, starting in 2017, when a certain person, his hedge fund and Hunter Harrison brought their cutthroat management style, I’m sorry, their “efficiency model” to one off the big 4 railroads.
Cutting everything to the bone. Longer heavier trains. Not enough crews to run them. Overworked employees told that if they don’t like it, they can quit and be replaced. Only thing is, few of these employees are being replaced. It seems that the younger generation doesn’t want a job in the elements, working all
Hours of the day/nights/weekends/holidays. Living out of a bag and not seeing their families.
So yeah, blame it all on congress or whoever you want.
People seriously have no concept of the demands of operational railroad personnel. They are well paid, but their workload and shifts are unbelievable to those not close to it.
Talk to anyone who gets a firsthand look at it.
Ackman the hedge fund guy.
“Ahead of the 2020 stock market crash, Ackman hedged Pershing Square’s portfolio, risking $27 million to purchase credit protection, insuring the portfolio against steep market losses. The hedge was effective, generating $2.6 billion in less than one month.
On March 18, 2020, in an emotional interview with CNBC, Ackman called upon President Trump for a “30-day shutdown” of the American economy to slow the spread of coronavirus and minimize loss of life and ensuing economic destruction resulting from the shutdown. Ackman warned that without intervention, hotel stocks were “going to zero” and said that America could “end as we know it.” He also cautioned U.S. companies to stop stock buyback programs because “hell is coming.””
Connected guy knows about covid well in advance. Buys insurance against an economic crash. Then goes on TV to plead with Trump to crash the economy.