Yellow | YRCW Execs Have To Forfeit 2016 Performance Bonuses!

[Freightmaster1]

If the highest level of performance conditions were achieved in 2016, then the grant date fair value of the performance stock units for each NEO would have been as follows: Mr. Welch, $2,523,065; Mr. Pierson, $908,299; Mr. Hall, $441,177; Mr. Hawkins, $475,924; and Mr. Ware, $390,832. In February 2017, the Compensation Committee determined that we did not achieve threshold performance under the 2016 LTIP and all performance stock units granted in 2016 were forfeited.
http://investors.yrcw.com/secfiling.cfm?filingid=1193125-17-89968&CIK=716006

That does it! Get Ernie Soehl on the phone and tell him we want that MOU extended for another 5 years! How am I supposed to survive on only $3,398,211.00 a year?!

 

[BIG R GUY]

If the highest level of performance conditions were achieved in 2016, then the grant date fair value of the performance stock units for each NEO would have been as follows: Mr. Welch, $2,523,065; Mr. Pierson, $908,299; Mr. Hall, $441,177; Mr. Hawkins, $475,924; and Mr. Ware, $390,832. In February 2017, the Compensation Committee determined that we did not achieve threshold performance under the 2016 LTIP and all performance stock units granted in 2016 were forfeited.
http://investors.yrcw.com/secfiling.cfm?filingid=1193125-17-89968&CIK=716006

That does it! Get Ernie Soehl on the phone and tell him we want that MOU extended for another 5 years! How am I supposed to survive on only $3,398,211.00 a year?!

Boy, wait till my partner gets off rest and reads this!!!

 

[bigtruk_us]

Does that mean that YRCW should start looking for new top executives?Surely the ATM machine has closed and the top executives will not like that..cha ching went thud..

 

[LEHIGH vALLEY]

About frekin time!

 

[wongway]

Woo Hoo about time , best news today !

 

[SuperCourse]

No wonder Jamie bailed.

 

[vongrimmenstein]

No wonder Jamie bailed.

There go their 4 trips to the tables in Las Vegas. Not to mention their Hunting Lodge's & Fishing Charters. Oh how they suffer now. von.

 

[wongway]

 

[muddog]

It's the beginning of the "poverty plead' for 2019.

 

[derelict]

They must have read the YRC cancer post..

 

[Shutter Down]

N

They must have read the YRC cancer post..

No they read the post about the Valve Grinding Compound auto stores are sold out already around my barn.

 

[Elwood]

So where are the voices about equal sacrifice? Execs will not receive bonuses, but still they have not contributed their full measure to the 15% black hole.

 

[BIG R GUY]

So where are the voices about equal sacrifice? Execs will not receive bonuses, but still they have not contributed their full measure to the 15% black hole.

Bet they are busy right now though filing amended tax returns on loss of income from potential earnings based on performances not achieved???

 

[wongway]

No wonder Jamie bailed.

But Jamie still gets like a Million bucks for consulting fee for the new Blonde chick CFO !! and is this the start of trying to look poor for 2019 ??

 

[bigtruk_us]

Is this a true story about this committee making such a decision?D.T.A. and this includes this corporation.

 

[Shutter Down]

They will still get the money there are other ways around this. It's just to make employees think they aren't making anything so you will not take anything back in 2019 just watch the next four quarters. It will work too on 85 percent of you hammer heads.

 

[bigtruk_us]

They will still get the money there are other ways around this. It's just to make employees think they aren't making anything so you will not take anything back in 2019 just watch the next four quarters. It will work too on 85 percent of you hammer heads.

Why now and this committee?Where has this committee been?Why does this sound righteous but not reality?Is this a feel good STORY?

 

[Low-Rider]

Why now and this committee?Where has this committee been?Why does this sound righteous but not reality?Is this a feel good STORY?

After 9 years? They wouldn't try to soften things up for more concessions I know.

 

[Kennesaw Kid]

Why now and this committee?Where has this committee been?Why does this sound righteous but not reality?Is this a feel good STORY?

Read the Schedule 14 A.....ALL OF IT.....http://investors.yrcw.com/secfiling.cfm?filingid=1193125-17-89968&CIK=716006

 

[Low-Rider]

Read the Schedule 14 A.....ALL OF IT.....http://investors.yrcw.com/secfiling.cfm?filingid=1193125-17-89968&CIK=716006

Shhhhh...these dum truck drivers are not gonna notice!