Yellow | Jamie's Coming Back!

Jamie is coming back to cook the books so we can show a profit!

cooking_the_books_2112965.jpg


cooking-the-books-clipart-vector_csp20384155.jpg
 
Getting rid of the 3 older board members is a plus & Jamie on board now and changes are way over due with this company too , so 2020 maybe be a big year of changes !!
 
Getting rid of the 3 older board members is a plus & Jamie on board now and changes are way over due with this company too , so 2020 maybe be a big year of changes !!
Douglas Carty and William Davidson, both nominated by the Teamsters are still there. See this story from 5 years ago below...

Teamsters pick Davidson to join YRC Worldwide board
William B. Cassidy, Senior Editor | Jul 14, 2014 11:58AM EDT


William R. Davidson, a veteran Teamsters labor relations official with decades of hands-on less-than-truckload experience, will join the YRC Worldwide board of directors.

Davidson, who began his career as a dockworker at ABF Freight System, will replace Harry Wilson, the Teamsters-nominated director who left the YRC Worldwide board in March after helping the company complete a series of financial transactions that reduced long-term debt and secured a new five-year Teamsters labor agreement.

Unlike Wilson, whose experience was primarily in finance, Davidson comes with a background in trucking that could help YRC as it works to improve operations and customer service.

“Mr. Davidson has nearly four decades of experience in various operational and labor relations capacities with ABF, Roadway and YRCW,” the Teamsters union said in a statement.

Davidson joins YRC Worldwide as the $4.9 billion company’s biggest subsidiary, YRC Freight, plans a limited expansion of operations after several years of losses and contraction.

The company last month asked the Teamsters to approve changes to the YRC Freight LTL network that would expand certain terminals to better handle “significant business growth.”

The carrier wants the Teamsters union to approve a change of operations that would turn three existing terminals into distribution centers, YRC said in a June 17 letter to the Teamsters.

YRC Freight struggled with restructuring last year, slipping back into the red after a poorly handled change of operations that closed 29 terminals and three distribution centers.

Since then, CEO James Welch and new YRC Freight President Darren Hawkins have emphasized improving performance across the company and customer service.

Under the 2011 YRC Worldwide restructuring agreement, the Teamsters union is allowed to nominate up to two individuals to serve as “independent directors” on the YRC board.

As a director, Davidson will receive a $75,000 a year cash retainer and company stock.

The other Teamsters-nominated director on the YRC Worldwide board is Douglas A. Carty, chairman and co-founder of Canadian school bus company Switzer-Carty Transportation.

Contact William B. Cassidy at [email protected] and follow him on Twitter: @wbcassidy_joc

.:bananapartyhat:
 

Just asking..... but per contract.... we get a part of a bonus too if the company issues out any???

He will receive a base salary of $740,000 a year — compared with Fisher’s base salary of $400,000 in 2018 — a $500,000 hiring bonus and $500,000 in restricted stock.

From this article.....
https://www.bizjournals.com/kansasc...fo-and-departure-of.html?ana=yahoo&yptr=yahoo
 
Just asking..... but per contract.... we get a part of a bonus too if the company issues out any???

He will receive a base salary of $740,000 a year — compared with Fisher’s base salary of $400,000 in 2018 — a $500,000 hiring bonus and $500,000 in restricted stock.

From this article.....
https://www.bizjournals.com/kansasc...fo-and-departure-of.html?ana=yahoo&yptr=yahoo
https://www.ttnews.com/articles/yrc-teamsters-enter-five-year-contract-ending-years-labor-strife


The new agreement also includes some compensation limits for YRC Freight’s executive ranks. Under the agreement, for every dollar that YRC executives receive in bonuses, the bargaining unit gets $2 split equally among the members, according to a Teamsters document. In other words, $5 million in bonuses in a given year paid to YRC executives would mean the union would get $10 million to share among members.
 
https://www.ttnews.com/articles/yrc-teamsters-enter-five-year-contract-ending-years-labor-strifeThe new agreement also includes some compensation limits for YRC Freight’s executive ranks. Under the agreement, for every dollar that YRC executives receive in bonuses, the bargaining unit gets $2 split equally among the members, according to a Teamsters document. In other words, $5 million in bonuses in a given year paid to YRC executives would mean the union would get $10 million to share among members.
Glad you straightened that out stimp. Thought you were going to say split $2 dollars evenly amongst the members...
 
https://www.ttnews.com/articles/yrc-teamsters-enter-five-year-contract-ending-years-labor-strife


The new agreement also includes some compensation limits for YRC Freight’s executive ranks. Under the agreement, for every dollar that YRC executives receive in bonuses, the bargaining unit gets $2 split equally among the members, according to a Teamsters document. In other words, $5 million in bonuses in a given year paid to YRC executives would mean the union would get $10 million to share among members.
Does that include Jamie's employer YRCW or just YRCF executives, how about if he works for HNRY part time and gets a bonus from them?
 
Am I the only one who remembers this from our past contract negotiations.....

https://www.ttnews.com/articles/yrc-teamsters-enter-five-year-contract-ending-years-labor-strife


The new agreement also includes some compensation limits for YRC Freight’s executive ranks. Under the agreement, for every dollar that YRC executives receive in bonuses, the bargaining unit gets $2 split equally among the members, according to a Teamsters document. In other words, $5 million in bonuses in a given year paid to YRC executives would mean the union would get $10 million to share among members.

The yrcw members should be getting a bonus too.
 
Am I the only one who remembers this from our past contract negotiations.....

https://www.ttnews.com/articles/yrc-teamsters-enter-five-year-contract-ending-years-labor-strife


The new agreement also includes some compensation limits for YRC Freight’s executive ranks. Under the agreement, for every dollar that YRC executives receive in bonuses, the bargaining unit gets $2 split equally among the members, according to a Teamsters document. In other words, $5 million in bonuses in a given year paid to YRC executives would mean the union would get $10 million to share among members.

The yrcw members should be getting a bonus too.

q0tHSFw.jpg

Hey Ken! We didn't agree to that did we? Call Ernie and see if he can cut a deal with YRC on Pierson's
huge "bonuses"! Remember that Ernie squeezed every penny out of YRC on that last contract!
:stirthepot:
 
https://www.ttnews.com/articles/yrc-teamsters-enter-five-year-contract-ending-years-labor-strife


The new agreement also includes some compensation limits for YRC Freight’s executive ranks. Under the agreement, for every dollar that YRC executives receive in bonuses, the bargaining unit gets $2 split equally among the members, according to a Teamsters document. In other words, $5 million in bonuses in a given year paid to YRC executives would mean the union would get $10 million to share among members.

Did you read the fine print, covered under the (Hummingbird Article?) states this only applies if April Fools day falls on Feb. 29th in a non Leap Year.
 
Did you read the fine print, covered under the (Hummingbird Article?) states this only applies if April Fools day falls on Feb. 29th in a non Leap Year.
The fine print also states that ,”additionally, if unforeseen costs associated with the loss of equipment,i.e.,sun visors, mirrors, and,or other safety related articles, which may impede the movement of freight to highway speeds of 46 mph, or less,causing delays of delivery of said freight, or realignment of equipment,any sub language to this agreement, weather negotiated or not, shall void any other language, handshakes, or Other subs not previously mentioned”.
 
The fine print also states that ,”additionally, if unforeseen costs associated with the loss of equipment,i.e.,sun visors, mirrors, and,or other safety related articles, which may impede the movement of freight to highway speeds of 46 mph, or less,causing delays of delivery of said freight, or realignment of equipment,any sub language to this agreement, weather negotiated or not, shall void any other language, handshakes, or Other subs not previously mentioned”.

Including Moldovanian?
 
Top