Hoffa Can't Kick the Corruption Habit

Hoffa’s Concessions Tycoon

Over 25,000 freight Teamsters at YRC suffered wage and pension cuts since 2009, but their loss delivered big gains for one Hoffa appointee. Harry Wilson, a hedge fund tycoon appointed by Hoffa to the YRCW board, was paid a $5 million bonus when employees approved the concessions and a bank deal was consummated. YRCW paid Wilson $125,000 a month retainer and a $1.5 million bonus for his work on the company’s restructuring and concessions package—plus a $175,000 a year salary as Hoffa’s appointee to YRCW’s board. The $5...

Share

Get Advice Join TDU Donate

Recent News

Proposed Change Would Gut Teamster Finances and Strike Benefits

Richard Hooker, a candidate for Teamster General President, is proposing a change to the International Union Constitution that would gut our union’s finances and end enhanced strike benefits of $1,000 a week.

UPS and IBT Settle Dispute Over Buyouts

UPS and the IBT have reached a negotiated settlement over the company’s Driver Choice Program. Under the agreement, drivers will be offered a $150,000 buyout by seniority order. The agreement also holds UPS to commitments to fill 30,000 new full-time jobs.

View More News Posts