March 26, 2010: Reflecting YRC Worldwide Inc.’s dismal 2009, CEO Bill Zollars saw his annual compensation decline almost 10 percent to $1.9 million, according to an analysis of securities filings.
Zollars received a base salary of $928,104, which included a 10 percent pay cut he shared with other non-union employees, the company reported to the Securities and Exchange Commission late Thursday. He also received a $135,000 “other compensation” fund, which he could use for various things, such as fractional use of corporate aircraft. The company said it discontinued that fractional use last year.
Read the full story in the Kansas City Business Journal.