YRC Ramps Up Pay for Directors

September 1, 2011: YRC Worldwide Inc. is giving the members of its board of directors a raise.

The Overland Park-based trucking company (Nasdaq: YRCW), which has been trying to recover from a recessionary brush with bankruptcy, said in a late Wednesday filing with the Securities and Exchange Commission that it will pay its board members an annual cash retainer of $75,000, plus $10,000 a year extra for committee chairmen and $15,000 extra for the head of the audit/ethics committee. The board chairman, James Hoffman, will receive $125,000 in cash.

Click here to read more at the Kansas City Business Journal.


Be the first to comment

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

Recent News

Western Pennsylvania Supplement Out for Second Vote

Fifty seven percent of Western PA UPSers Voted No on the first proposed agreement, with 52% turnout. Now members are preparing to vote for the second time.

Third Quarter Financials: Central States Pension Bleeding - Congress Must Act to Protect Pensions!

The 2018 third quarter Financial and Analytical Report on the Central States Pension Fund shows that the Fund continues to bleed money, underscoring the importance of Congressional action this year to protect the pensions of millions of working families.

View More News Posts