YRC Worldwide details pay for new CEO Welch

March 22, 2012: James Welch received almost $2 million in direct compensation during his first five months as the new CEO of YRC Worldwide Inc., according to the company’s annual proxy statement.

The statement, filed with the Securities and Exchange Commission on Wednesday, showed that Welch received a salary of $305,128 and stock valued by the company at $1.6 million on the date it was granted.

Click here to read more at Kansas City Business Journal.

Get Advice Join TDU Donate

Recent News

Herman Benson: A One-Man Army Working to Revitalize the Labor Movement

My friend Herman Benson died yesterday, just shy of his 105th birthday. He was an inspiration, a leader, and sometimes a critic for so many of us working to put the membership front-and-center in the Teamsters and in the whole labor movement.

YRCW Gets $700 Million CARES Act Loan!

The US Treasury will loan YRCW $700 million under authorization from the CARES Act. $350 million will be used to make H&W and pension benefit payments, and the other $350 million will go to investment in tractors and trailers.

View More News Posts