April 13, 2007: New York Times: If there is a single, logical justification for the wild executive compensation packages that have become standard at large American companies, it is performance. In too many cases, pay has little or nothing to do with results, and some of the most jaw-dropping packages are for executives who have been told to hand over the reins.
Costco Teamsters were mailed ballots on May 20th to vote on a substandard contract offer. Teamster members and the National Negotiating Committee agree: members need to get informed, talk with other Teamsters, and Vote No on this slap in the face.
Yellow Corporation released its first quarter financials on May 10. The company shows strong improvement but is still not profitable. Yellow’s overall operating ratio of 99.3 percent is 3 percent better than a year ago, but well below other LTL carriers, including ABF and TForce.
