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

UPS Proposes 70-Hour Work Week

Teamsters United reports that UPS has a contract proposal on the table that gives the company the right to force package drivers to work up to 70 hours a week anytime they deem it necessary “to avoid service disruptions.”

 

In Divided Vote, IBT Moves Ahead with Pension Threat at ABF

(Reprinted from www.ABFTeamstersUnited.org) A divided IBT General Executive Board voted 13-9 to move ahead with the ABF ratification vote and rejected a motion to fix the pension freeze that threatens the retirement benefits of hundreds of ABF Teamsters.

View More News Posts