The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives to stick around and make even more money for shareholders in the years ahead. The median employee at these companies earned $89,744, reflecting a 4.7% increase year over year. While that gain outpaced inflation in 2025, many workers were still feeling pinched by the accumulation of higher prices over the past few years. Tesla CEO Elon Musk topped the survey with a pay package valued at $132 billion.
Trains are set to start rolling again on the Long Island Rail Road after a deal was reached to end a strike that had shut down the busiest commuter rail system in the country. Commuters in the New York City suburbs still had to muddle through another tough morning rush hour Tuesday. Trains weren't running in time for the commute into work, though service was set to resume later in the day. The strike that began Saturday was the first walkout for the LIRR since a two-day strike in 1994. Around 250,000 riders typically travel each weekday on the train system.
Negotiators have reached a deal to end a strike that has brought North America’s largest commuter rail system to a standstill. The deal between the Long Island Rail Road and union leaders was announced on Monday. The two sides had bargained for years before the strike began Saturday. The shutdown has forced roughly 250,000 commuters who ride the system each weekday to work from home or find alternate routes to and from the city. New York's governor says service will start back up beginning Tuesday at noon.
The strike shutting down North America’s largest commuter rail system will continue into a third day. Lengthy negotiations failed to reach a deal in time to save Monday morning's commute on the Long Island Rail Road in New York. The talks that began Sunday afternoon went past 1 a.m. Monday before negotiators called it a night, agreeing to resume discussions six hours later. The failure to reach a deal means the strike will mar the start of the work week for about a quarter million commuters. The talks involved five unions representing about half the railroad's workforce and the Metropolitan Transportation Authority, which runs the railroad. The strike started Saturday. The two sides have negotiated for years over a new contract.
The shutdown of North America’s largest commuter rail system has continued into a second day with no end in sight after unionized workers went on strike. The Long Island Rail Road in New York was not operating Sunday, a day after five unions representing about half its workforce walked off the job early Saturday morning. The two sides have been negotiating for months on a new contract. The MTA has said it would provide limited shuttle buses to New York City subway stations in the event of a strike. Gov. Kathy Hochul planned a news conference for late Sunday morning.
Workers on New York’s Long Island Rail Road are on strike, paralyzing the busiest commuter rail system in North America. Labor unions representing about half the system’s workers announced the walkout early Saturday after negotiations with the Metropolitan Transportation Authority failed to produce a new contract. The five unions represent about half the system’s 7,000 workers, including locomotive engineers, machinists and signalmen. They are legally allowed to go on strike at 12:01 a.m. Saturday. The strike will force the roughly 250,000 people who ride the system each weekday to either work from home or find alternative routes into New York City from its Long Island suburbs. That means more cars on traffic-choked highways and longer work commutes.
United Airlines flight attendants have approved a new labor contract, marking their first pay increases in six years. The agreement includes an average 31% pay raise this summer and boarding pay worth an additional 7% to 8% in compensation. The union says the contract was ratified Tuesday by an 82% vote. It also secures expanded job security, pay for lengthy delays and 10 weeks of paid parental leave. Union leaders say the deal sets a new industry benchmark. For years, flight attendants went unpaid during boarding, but this agreement changes that, following similar moves by other airlines.