YRC CEO Welch gets a 397% Raise

YRCW’s CEO bagged $10.8 million in total compensation last year, while the Teamsters who move the freight got a token raise and no relief from pay and pension concessions. 

James_Welch_thumb.jpg

The Kansas City Business Journal reports that James Welch topped the list of CEO pay for the Kansas City Area, with a 397% raise over 2013.  Apparently the IBT representatives on the YRC Board are comfortable with that raise, since they didn’t make even a peep.

The detailed breakdown of that $10.8 million can be seen here.

Teamsters would like to get some piece of their concessions restored.  It looks like it will take a change in Teamster leadership to get that done.

The Kansas City Star reported that “Welch declined to talk about his compensation, but YRC chief financial officer Jamie Pierson offered an explanation. He said a change in both men’s employment deals with the trucking company inflated how much stock was reported as compensation in the most recent report.”


Showing 5 reactions

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  • Stephanie McAllister
    followed this page 2016-10-05 12:26:05 -0400
  • Billy Wyatt
    commented 2016-02-19 18:58:46 -0500
    THE TEAMSTERS @ YRC AND ABF NEED TO SEND A MESSAGE. EITHER GET UP TO PAR OR CLOSE THE DOORS. QUIT BEING COWARDS.
  • Donald Jackson
    commented 2015-12-04 15:47:36 -0500
    This is just proof of the lies they told the teamsters to get them to vote on a very poor contract offer and why I retired because I could no longer work for a company that would treat their employees like they do. Next will be ABF, which also has given some concessions. Teamsters, Central States, and the government is now taking away a lot of our pensions by working together to take what was promised after years of hard work. Why would our government build in protection for a company (UPS) while changing the law to allow pension cuts except for the ones UPS would be liable to make up the difference due to a contract stipulation. Their pensions by law can’t be cut.
  • Keith Pasch
    commented 2015-11-24 20:11:17 -0500
    SCUM
  • Dave Girard
    commented 2015-11-24 07:26:59 -0500
    My pension is getting cut and he gets a 397% raise and their making money again. He SUCKS, just like Nylan!
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