YRC Exec Gets $1 Million Parachute

September 27, 2011: YRC Worldwide’s new CEO James L. Welch eliminated two executive positions at the trucking giant as he reorganizes its management team and functions.

Dismissed are Chief Marketing Officer Gregory A. Reid and Chief Administrative Officer James G. Kissinger. Both were also executive vice presidents.

Click here to read more at The Journal of Commerce.

Get Advice Join TDU Donate

Recent News

Opening the Door to Transform the Teamsters: A Pivotal TDU Convention

Teamster leaders and activists prepared to Get Out the Vote, elected new TDU leadership, and set our organization’s goals and strategy at the TDU Convention, October 1-3 in Chicago. 

Will UPS Profits Hit $10 Billion in 2021?

Today, UPS announced third quarter profits of $2.3 billion. The company has made a staggering $7.4 billion in profit after taxes in the first nine months this year, and is headed toward a record $10 billion in profits for the year.  

View More News Posts