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.”

Get Advice Join TDU Donate

Recent News

Chicago Local 705 Members Vote on Using Strike Fund for H&W in Crisis

Teamsters in Chicago Local 705 will vote this week on a proposal made by the union's leadership to use between one to two million dollars of the strike fund to extend health care benefits to members laid off as a result of the coronavirus crisis.

UPS Teamsters United in the Green Mountain State

Fed up with dangerous working conditions, rank-and-file Teamsters in Vermont Local 597 took action and won results.

View More News Posts