cellblock309
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nightrider, i read your post about ceo's should take a pay cut and judy mcreynolds got a pay raise. Well, i didn't remember that being the case in sec documents that i had read, so i did a little more research. The facts are that judy mcreynolds took a 30% total compensation cut in 2012 versus 2011's total compensation. If you go to sec.gov, click on company filings and put in the ticker symbol abfs you will get the most current sec filings. Go to def14a definitive proxy statement and click on the highlighted document number and then go to page 37. There you will see the compensation for each of the top executives at abfs. In fact, the top 4 highest paid executives combined took a 20% total compensation cut in 2012 versus 2011. In addition to that, on friday management and non union employees had their pension program contributions eliminated as far future contributions to the plan starting in a little over a month. Over the course of each employees lifetime that equates to 100's of thousands of dollars. If the union would match those kinds of cuts this company might be able to compete with non union truckers. What amazes me is that there is not one post on these message boards since friday afternoon recognizing those cuts and the contributions of others to make abfs an on going concern.
also they make have taken cuts but while doing your home work remmber one little trick whats there stock options they might have gone up so it may not really be a pay cut just a thought