A publicly owned corporation's CEOs job is mostly about financial decisions - how the market and economy is trending, understanding and deciding the balance between profits and capital reinvestments, understanding and guiding negotiations with Unions, looking towards the future and anticipating future transportation needs of emerging industries and countries, etc.
Decisions at his level do not consider the impact on employees that much, be they management or hourly. He/she would rely on management at lower levels such as District Managers to provide that feedback and input.