YRC Exec Gets $1 Million Parachute

September 27, 2011: YRC Worldwide’s new CEO James L. Welch eliminated two executive positions at the trucking giant as he reorganizes its management team and functions.

Dismissed are Chief Marketing Officer Gregory A. Reid and Chief Administrative Officer James G. Kissinger. Both were also executive vice presidents.

Click here to read more at The Journal of Commerce.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Teamster Rail Workers under Attack

Rail workers – including some 70,000 Teamster engineers, trainmen and track workers – are under a double attack coming from Washington DC. The Teamsters Union should be leading a fight back with other unions and with the public, to save passenger rail service in the USA.

Railroad Workers and Our Allies Must Unite in Support of Amtrak

On March 16th, President Trump released a blueprint budget that proposes to slash funding for the Department of Transportation by $2.4 billion, including funding for all Amtrak “long distance” trains, along with funding for dozens of transit expansion projects nationwide. In recent months, Trump has voiced support for massive investment in the nation’s infra-structure. Yet ironically, his first proposed budget not only fails to deliver, it guts funding for existing infrastructure.

View More News Posts