Yellow | New Restricted Stock Awards This Time For Yellow Corp Execs!

Freightmaster1

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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.

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I’m sure this is frustrating, but stock compensation is not considered as a ‘bone-us.’
Cash compensation is the qualifier.
What the hell do you think a stock award is? Your given 10k shares of stock at NO cost to you (approx $60k) to be allowed to cash in at a later date....it's a bonus in the long run!
 
What the hell do you think a stock award is? Your given 10k shares of stock at NO cost to you (approx $60k) to be allowed to cash in at a later date....it's a bonus in the long run!
If the stock goes down, it’s inconsequential. If it goes up, better for all. It doesn’t effect company bottom line. The ‘bone-us’ clause is to prevent actual dollars being spent on the BoD before compensating bargaining unit members.
 
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