What's new

XPO | XPO shareholders reject company bid on CEO’s compensation

Freightmaster1

Freightmaster1

TB Legend
Credits
615
www.freightwaves.com

XPO shareholders reject company bid on CEO’s compensation

The company says it will continue to work with shareholders as it evaluates future compensation plans.
www.freightwaves.com www.freightwaves.com



XPO Logistics Inc. (NYSE:XPO) shareholders on Tuesday voted down the company’s nonbinding proposal that would have granted $80 million in long-term compensation for Chairman and CEO Brad Jacobs, an amount that critics, notably organized labor, said was excessive.


XPO is not legally obligated to abide by the outcome. In a statement Tuesday, an XPO spokesman said that the “board will continue to take shareholder feedback into consideration as it evaluates the company’s compensation program in the future.” The statement added that it is committed to “maintaining a pay-for-performance culture based on achieving ambitious goals and delivering shareholder value.”

GIF by ABC Network
 
Shareholders are starting to see the problem. It’s ironic that the shareholders see what the majority of the Xpo workers don’t see.Or should we say choose not to see.
The company can do better by its workers. The money is there it’s just that they choose not to .
The onion skin is starting to be peeled back.

www.unitetheunion.org

XPO Shareholders Reject Executive Pay Plan

www.unitetheunion.org www.unitetheunion.org

autobala.com

XPO shareholders refuse to bid on companies for CEO compensation - Autobala

Shareholders of XPO Logistics Inc. (NYSE: XPO) opposed the company’s non-binding offer on Tuesday to give Chairman and CEO Brad Jacobs $ 80 million in long-term compensation. XPO is not legally obligated to comply with the results. In a statement on Tuesday, an XPO spokesman said:o oard will...
autobala.com autobala.com
 
Last edited:
Freightmaster1 said:
www.freightwaves.com

XPO shareholders reject company bid on CEO’s compensation

The company says it will continue to work with shareholders as it evaluates future compensation plans.
www.freightwaves.com www.freightwaves.com



XPO Logistics Inc. (NYSE:XPO) shareholders on Tuesday voted down the company’s nonbinding proposal that would have granted $80 million in long-term compensation for Chairman and CEO Brad Jacobs, an amount that critics, notably organized labor, said was excessive.


XPO is not legally obligated to abide by the outcome. In a statement Tuesday, an XPO spokesman said that the “board will continue to take shareholder feedback into consideration as it evaluates the company’s compensation program in the future.” The statement added that it is committed to “maintaining a pay-for-performance culture based on achieving ambitious goals and delivering shareholder value.”

GIF by ABC Network
Click to expand...
Executive compensation everywhere is outrageous IMHO. For every shareholder vote I get to make for stocks I own I vote "No" on executive compensation. That's one way to be heard.
 
But without this 80 million how is Brad going to be able to buy his 3rd mansion?
 
sucker666 said:
Well I guess people didn’t ignore it. Ouch !

8A130A29-2409-4797-8DDB-06C80BC5125C.md.jpg
Click to expand...

To be fair. The market got hit today. And it may continue for a bit. All the trucking sector took it on the nose. Not just XPO.

They have had a couple coup attempts against your boy. We might be seeing evidence of another one right here.

If they punt him or reduce his take. They get to split up what he would have gotten between them. Jacobs made the deal to good. They came for that money.
 
highspeeds said:
To be fair. The market got hit today. And it may continue for a bit. All the trucking sector took it on the nose. Not just XPO.

They have had a couple coup attempts against your boy. We might be seeing evidence of another one right here.

If they punt him or reduce his take. They get to split up what he would have gotten between them. Jacobs made the deal to good. They came for that money.
Click to expand...
Yes they were down but no where even close in comparison to Xpo . Xpo was by far the biggest drop in the sector . The stock is not stable and it takes bigger swings. My comment was mostly in humor.
 
XPO stock still hovers around record highs with no sign of Jacob's cashing out or getting bought out, IMO he's in it for the long haul and the best we can expect is exactly what we've been getting!!!
 
sucker666 said:
Yes they were down but no where even close in comparison to Xpo . Xpo was by far the biggest drop in the sector . The stock is not stable and it takes bigger swings. My comment was mostly in humor.
Click to expand...

FedEx lost 9.63. Saia lost 14.63. XPO 8.49. Just saying.
 
Peddleguy said:
XPO stock still hovers around record highs with no sign of Jacob's cashing out or getting bought out, IMO he's in it for the long haul and the best we can expect is exactly what we've been getting!!!
Click to expand...

He’s sold off $45 million dollars worth in the last month. I do sense sarcasm, however.
 
You must log in or register to reply here.
Top