Wick moorman biography of albert
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Moorman, who had wanted to return to school to earn an MBA, took one and went to Harvard. This endowment supports faculty research and teaching in the humanities, reflecting Moorman's commitment to advancing academic excellence in his home state.[27]Moorman's leadership in charitable campaigns extended to community welfare initiatives.
Railway operating revenues increased from $8.52 billion in 2005 to a peak of $11.62 billion in 2014, before settling at $10.51 billion in 2015, justifying incentive payouts amid volume growth in coal, intermodal, and merchandise sectors.[34] Bonuses were calculated based on targets like return on capital and service reliability, with 2012 payouts at 59.7% of target due to financial results.[35]Moorman's pay levels were comparable to those of other Class I railroad CEOs, reflecting the competitive freight industry landscape.
Moorman was a donor to Barack Obama in the 2008 election, but in 2012 threw his support to Mitt Romney.
-Steve Straehley
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Official Biography
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Moorman will remain with Amtrak as co-CEO with Anderson until the end of 2017.While CEO of Norfolk Southern in 2008, Moorman earned a total compensation of just over $9 million, which included a base salary of $950,000, a cash bonus of $1,759,400, stocks granted of $6,768,618, and options granted of $2,415,000.
Moorman, who had stated that he only intended to serve as a "transitional CEO", served as CEO for less than one year before former Delta Airlines executive Richard Anderson was named President and co-CEO in June 2017. In 2011, he established the Charles W. Moorman Distinguished Professorship in the Humanities at the University of Southern Mississippi, honoring his late father, Dr.
Charles W. Moorman, a longtime English professor and vice president for academic affairs at the institution. The railroad took him back as its director of transportation planning.
In 1991, after Southern merged with Norfolk and Western to become Norfolk Southern, Moorman was named assistant vice president of stations, terminals and transportation planning.
On June 1, 2013, Moorman was succeeded as president of Norfolk Southern by James A. Squires.
On August 19, 2016, Amtrak announced that Moorman had been selected to become the railroad's new president and CEO to succeed Joseph H. Boardman on September 1. Moorman grew up there, except for a period during which his father taught in London.
Moorman attended Georgia Tech, earning a B.S.
in civil engineering in 1975. He has said he doesn’t expect to lead Amtrak for long.
As one might expect of a train enthusiast, Moorman has his own train, or at least a train car. But even before then, he was working for the railroad.
Charles Moorman
in civil engineering from the Georgia Institute of Technology.[1][3] He began his career in 1970 as an engineering co-op student at Southern Railway, progressing through roles in maintenance-of-way, personnel, labor relations, information technology, and strategic planning over more than four decades.[3][4]Moorman joined Southern Railway (a predecessor to Norfolk Southern) full-time in 1975, rising to senior vice president of corporate planning and services by 2003 before becoming president in 2004, CEO in 2005, and chairman in 2006.[2][3] During his tenure as CEO until 2015, he led the company's strategic transformation in intermodal transportation, oversaw the integration of Conrail assets, developed the Heartland Corridor infrastructure project, and advanced battery-electric locomotive technology, while achieving 21 consecutive safety awards from the E.H.
Harriman system.[2][3] His leadership emphasized employee engagement, safety, and cross-functional collaboration, earning him recognition as Railway Age's 2011 Railroader of the Year.[3]In 2016, Moorman was appointed president and CEO of Amtrak, serving from September 2016 to July 2017, then as co-CEO until December 2017, followed by senior advisor until 2023; he accepted a symbolic $1 annual salary to focus on improving service reliability and long-term sustainability.[2][5] Post-retirement from Amtrak, he has served on the boards of Chevron Corporation (since 2012, chairing the management compensation committee) and Oracle Corporation, as well as the Focused Ultrasound Foundation, and chairs the Railroaders Memorial Museum in Altoona, Pennsylvania.[2][4][1]
Early life and education
Early life
Charles Wickliffe "Wick" Moorman IV was born on February 16, 1952, in New Orleans, Louisiana.[6] His family relocated shortly thereafter to Hattiesburg, Mississippi, where he spent his formative years in the academic environment of the University of Southern Mississippi, as both of his parents served as professors there.[7]Moorman grew up alongside his brother, J.Randall Moorman, M.D., a professor of medicine and clinical cardiologist at the University of Virginia.[8] Their father, Dr. Charles W. Moorman III, was a prominent English professor, department chair, and associate dean at the university from 1954 to 1990, whose office became a frequent playground for the boys.[8] As children, Moorman and his brother often played with toy trains amid stacks of academic journals in this setting, an experience that instilled in young Wick a profound respect for education, discipline, and public service while sparking his early fascination with railroading.[8]From an early age, Moorman exhibited a strong interest in engineering and transportation, particularly trains, enjoying science and numbers as a child in Mississippi.[9] He frequently walked the railroad tracks in downtown Hattiesburg, observing local rail activity, which further nurtured his passion for the industry.[8] This Southern upbringing laid the groundwork for his later pursuit of engineering studies at the Georgia Institute of Technology.[9]
Education
Charles Moorman earned a Bachelor of Science in Civil Engineering from the Georgia Institute of Technology in 1975.[9] His undergraduate studies provided a foundation in engineering principles applicable to transportation infrastructure, equipping him with analytical skills essential for his future career in rail operations.[10]During his time at Georgia Tech, Moorman participated in a co-op program with the Southern Railway Company, beginning in 1970.[11] This hands-on experience involved practical engineering tasks, such as track supervision, which introduced him to the operational aspects of the railroad industry while he was still a student.[12]Following his undergraduate degree, Moorman worked in the railroad sector before pursuing advanced business education.He chaired the United Way of South Hampton Roads' Norfolk campaign in 1994, helping to raise funds for local social services and health programs during his tenure as a Norfolk Southern executive. He was also a member of Tau Kappa Epsilon fraternity.
On December 9, 2010, Railway Age named Moorman the Railroader of the Year recipient for 2011.
In 2011, Moorman was involved in the launch of the 21st Century Steam, a revival of Norfolk Southern's popular steam excursion program which had been ended in 1994.
These efforts highlight his ongoing support for STEM fields and rail-adjacent communities.[1][29]
Compensation
Norfolk Southern pay
During his tenure as CEO and Chairman of Norfolk Southern Corporation from 2005 to 2015, Charles W. Moorman's executive compensation package was primarily disclosed in annual proxy statements filed with the U.S.Securities and Exchange Commission (SEC). His family moved to Hattiesburg, Mississippi, shortly thereafter, where the elder Moorman taught English at the University of Southern Mississippi. He also serves on the boards of oil giant Chevron and Duke Energy. He continued to climb the corporate ladder and in 2003 was named senior vice president of corporate services and later that year was made senior vice president for corporate planning and services.
His involvement in such efforts underscored a broader dedication to supporting regional communities connected to the rail industry. For instance, in 2006, his total compensation reached $12.1 million, including a base salary of $750,000 and stock awards valued at $7.58 million.[30] By 2009, total pay stood at $10.9 million, reflecting a 9% decline from the prior year due to economic conditions.[31]The structure of Moorman's pay emphasized long-term incentives aligned with shareholder value.
Moorman's contract with Amtrak calls for him to be paid $1 per year with incentive pay up to $500,000 per year based on criteria set by the Amtrak Board of Directors.
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Charles W. “Wick” Moorman IV, who has spent his entire career working in the railroad industry, took over the National Railroad Passenger Corporation, or Amtrak, on September 1, 2016, when he was appointed as its president and CEO.
Moorman was born in 1953 in New Orleans, where his father was attending Tulane University.
At Norfolk Southern, he succeeded David R. Goode on February 1, 2006. He owns “Sandy Creek,” an office car that can be attached to regular trains.