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

Hoffa Strikes out on Corruption Once Again

James Hoffa has done it again. Today, Hoffa rubber-stamped another whitewash of the corruption charges against Willie Smith for accepting $6,000 worth of gifts from a Teamster employer. The case will now go to the Independent Review Officer (IRO), Judge Barbara Jones. 

More Coli Corruption Fallout in Chicago

In the wake of John Coli's indictment on the charge of taking employer payoffs, Illinois Joint Council 25 has dumped his hand-picked replacement Becky Strzechowski and appointed Terry Hancock as Joint Council 25 president. 
View More News Posts