Teamsters Urge ‘No’ Vote On YRC Executive Pay Plan

Photo Courtesy of CCJ Digital
Photo Courtesy of CCJ Digital

Leaders of the International Brotherhood of Teamsters are asking YRC shareholders to vote against a number of proposals concerning executive compensation at YRC Worldwide Inc., a trucking company based in Overland Park, Kan. The proposals are scheduled to be considered during the annual shareholder meeting on April 29.

A letter to the shareholders says the union, which represents more than 25,000 YRC employees, opposes the proposals because the compensation committee has “administered YRCW’s executive pay programs in a way that uncouples pay from performance.” The letter also argued YRC’s executive pay-for-performance profile is the worst in its peer group.

Read more from the Kansas City Business Journal


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