Teamsters urge 'no' vote on YRC compensation package [1]
Leaders of the International Brotherhood of Teamsters are asking YRC shareholders to vote against a number of proposals concerning executive compensation at YRC Worldwide [3] Inc.
The Kansas City Business Journalobtained a letter dated April 4 addressed to YRC shareholders and signed by Ken Hall [4], general secretary-treasurer of the Teamsters. On behalf of the union, the letter asks shareholders to withhold support for Michael Kneeland [5], Matthew Doheny [6] and James Hoffman [7] serving on the board's Compensation Committee, to vote against a proposal approving executive compensation [8] and to vote against a proposal that would endorse YRC's amended and restated 2011 incentive and equity award plan.
Click here [2] to read more at the Kansas City Business Journal.