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

Union Victory on Personal Vehicle Drivers at UPS

New York Local 804, led by Vinnie Perrone, a candidate on the OZ-Teamsters United Slate, has done what the Hoffa administration could not. They have fought back and won against UPS on the critical issue of Personal Vehicle Drivers (PVDs).

Aloise Says “Vote Till You Get it Right” – California Teamsters Say “No Thanks!”

On September 11, there was an election in Teamster Local 948, the big local covering cannery workers, UPSers, and others in the California Central Valley from Modesto in the North to Visalia in the South. The Luis Diaz – Lupe Juarez – Tim Parolini Unity Slate swept the election, with Diaz winning by 905-598 over the former head of the local, Adam Ochoa. The majority of Local 948 members work for major food processors: Con Agra, Del Monte, and Stanislaus Foods.

View More News Posts