Snow Severance Is $60.8 Million

CSX Corp., the third-largest U.S. railroad owner, paid John W. Snow $60.8 million in deferred pay, stock and pension when he resigned as chief executive in January to become U.S. Treasury secretary.

Snow received $8.7 million in deferred cash compensation over 17 years, $18.9 million in stock that had been accrued over 10 years and $33.2 million in a lump sum pension payment, the company said in a statement filed with the Securities and Exchange Commission.