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Yellow Corp President Darrel Harris VERY HAPPY This Thanksgiving

Freightmaster1

Well-Known Member
Yellow Corp President gets 30,000 more "restricted stock units"!


BUT WAIT! There's more! Harris also just got a $50K a year raise!





On November 19, 2021, the Board of Directors of Yellow Corporation (the “Company”) promoted Darrel J. Harris to the additional position of Chief Operating Officer, effective immediately. Mr. Harris, age 46, has held the position of President of the Company since April 2021 and joined the Company in November 2020 as an Executive Vice President of Strategic Initiatives. Before joining the Company, Mr. Harris served as Chief Executive Officer of Xpress Global Systems in Chattanooga, Tennessee. Prior to that he worked in sales and operations at some of the largest freight companies, including FedEx Freight.





In connection with his promotion, the base salary of Mr. Harris will be increased from $550,000 to $600,000 per annum and Mr. Harris will receive a one-time equity grant of 30,000 restricted shares of common stock, of which one-third will vest on each of the grant date and the first and second anniversary of such date. In addition, Harris will continue be entitled to participate in the Company’s executive compensation program with a short-term incentive program target potential payout of 100% of his base salary, with a maximum earnings opportunity of 200% of target along with potential long-term incentive opportunities as established by the Compensation Committee of the Board.





There are no arrangements or understandings that exist between Mr. Harris and any other persons pursuant to which he was selected as an officer or his new role. In addition, there are no transactions between Mr. Harris and the Company that would be reportable under Item 404(a) of Regulation S-K.



yellow-darrel-harriis-150.jpg
Mr. Harris is VERY THANKFUL TO YELLOW CORP!
:chairshot:
 
Last edited:

Razorblade

Well-Known Member
Do you not see that this is a cost cutting promotion? Combining two positions eliminates one job. Even with the additional compensation, Yellow's cost is reduced significantly.
The real news here is that Yellow continues the downward spiral. Both jobs are critical and one man cannot do both jobs.
 

ABF381

Well-Known Member
Staff member
Super Moderator
Premium
Do you not see that this is a cost cutting promotion? Combining two positions eliminates one job. Even with the additional compensation, Yellow's cost is reduced significantly.
The real news here is that Yellow continues the downward spiral. Both jobs are critical and one man cannot do both jobs.
Well now that you put it that way......no I don't see it that way......I'm betting Mr. Harris has assistants and you may have heard about this new invention called the computer, which I'm sure makes his job easier....as you always like to say about union jobs that when it costs too much a company will find a way to do it cheaper...kudos to Yellow Corp for doing this.....
 

Razorblade

Well-Known Member
Well now that you put it that way......no I don't see it that way......I'm betting Mr. Harris has assistants and you may have heard about this new invention called the computer, which I'm sure makes his job easier....as you always like to say about union jobs that when it costs too much a company will find a way to do it cheaper...kudos to Yellow Corp for doing this.....
I know you and your minions believe that top level jobs require no actual work.
You are very wrong.
 

Steward of the Rock

Well-Known Member
I know you and your minions believe that top level jobs require no actual work.
You are very wrong.
Where on here has anyone ever said, “top level jobs require no actual work”? Their job should be trying to make the company more profitable with innovations and new ideas. Not gutting employees pay and benefits and buying up other profitable companies with borrowed money and gutting them as well. There comes a time when we all must answer for our Mis-deeds. And I would hate to be in Bill Zollars shoes when that day comes.
 

wongway

Cayman -15% Acounting Dept.
8ca2db57df68bc11a257ed67b093823c.jpg
And who said you could'nt make money , by simply telling sheep to give you -15% of their money ?? BAAAAAAA , ,Oh well enjoy the big money and party on & laugh the way to the Cayman Bank !!
 

Skyking68

Active Member
Yellow Corp President gets 30,000 more "restricted stock units"!


BUT WAIT! There's more! Harris also just got a $50K a year raise!





On November 19, 2021, the Board of Directors of Yellow Corporation (the “Company”) promoted Darrel J. Harris to the additional position of Chief Operating Officer, effective immediately. Mr. Harris, age 46, has held the position of President of the Company since April 2021 and joined the Company in November 2020 as an Executive Vice President of Strategic Initiatives. Before joining the Company, Mr. Harris served as Chief Executive Officer of Xpress Global Systems in Chattanooga, Tennessee. Prior to that he worked in sales and operations at some of the largest freight companies, including FedEx Freight.





In connection with his promotion, the base salary of Mr. Harris will be increased from $550,000 to $600,000 per annum and Mr. Harris will receive a one-time equity grant of 30,000 restricted shares of common stock, of which one-third will vest on each of the grant date and the first and second anniversary of such date. In addition, Harris will continue be entitled to participate in the Company’s executive compensation program with a short-term incentive program target potential payout of 100% of his base salary, with a maximum earnings opportunity of 200% of target along with potential long-term incentive opportunities as established by the Compensation Committee of the Board.





There are no arrangements or understandings that exist between Mr. Harris and any other persons pursuant to which he was selected as an officer or his new role. In addition, there are no transactions between Mr. Harris and the Company that would be reportable under Item 404(a) of Regulation S-K.



yellow-darrel-harriis-150.jpg
Mr. Harris is VERY THANKFUL TO YELLOW CORP!
:chairshot:
Wong that's why there's no ham,those bastards
 

Skyking68

Active Member
Yellow Corp President gets 30,000 more "restricted stock units"!


BUT WAIT! There's more! Harris also just got a $50K a year raise!





On November 19, 2021, the Board of Directors of Yellow Corporation (the “Company”) promoted Darrel J. Harris to the additional position of Chief Operating Officer, effective immediately. Mr. Harris, age 46, has held the position of President of the Company since April 2021 and joined the Company in November 2020 as an Executive Vice President of Strategic Initiatives. Before joining the Company, Mr. Harris served as Chief Executive Officer of Xpress Global Systems in Chattanooga, Tennessee. Prior to that he worked in sales and operations at some of the largest freight companies, including FedEx Freight.





In connection with his promotion, the base salary of Mr. Harris will be increased from $550,000 to $600,000 per annum and Mr. Harris will receive a one-time equity grant of 30,000 restricted shares of common stock, of which one-third will vest on each of the grant date and the first and second anniversary of such date. In addition, Harris will continue be entitled to participate in the Company’s executive compensation program with a short-term incentive program target potential payout of 100% of his base salary, with a maximum earnings opportunity of 200% of target along with potential long-term incentive opportunities as established by the Compensation Committee of the Board.





There are no arrangements or understandings that exist between Mr. Harris and any other persons pursuant to which he was selected as an officer or his new role. In addition, there are no transactions between Mr. Harris and the Company that would be reportable under Item 404(a) of Regulation S-K.



yellow-darrel-harriis-150.jpg
Mr. Harris is VERY THANKFUL TO YELLOW CORP!
:chairshot:
Wong they took that picture after he ate your ham,lol..junior is smiling, full belly and full pockets, thanks for coming lol
 

ROLLBACK

Active Member
Yellow Corp President gets 30,000 more "restricted stock units"!


BUT WAIT! There's more! Harris also just got a $50K a year raise!





On November 19, 2021, the Board of Directors of Yellow Corporation (the “Company”) promoted Darrel J. Harris to the additional position of Chief Operating Officer, effective immediately. Mr. Harris, age 46, has held the position of President of the Company since April 2021 and joined the Company in November 2020 as an Executive Vice President of Strategic Initiatives. Before joining the Company, Mr. Harris served as Chief Executive Officer of Xpress Global Systems in Chattanooga, Tennessee. Prior to that he worked in sales and operations at some of the largest freight companies, including FedEx Freight.





In connection with his promotion, the base salary of Mr. Harris will be increased from $550,000 to $600,000 per annum and Mr. Harris will receive a one-time equity grant of 30,000 restricted shares of common stock, of which one-third will vest on each of the grant date and the first and second anniversary of such date. In addition, Harris will continue be entitled to participate in the Company’s executive compensation program with a short-term incentive program target potential payout of 100% of his base salary, with a maximum earnings opportunity of 200% of target along with potential long-term incentive opportunities as established by the Compensation Committee of the Board.





There are no arrangements or understandings that exist between Mr. Harris and any other persons pursuant to which he was selected as an officer or his new role. In addition, there are no transactions between Mr. Harris and the Company that would be reportable under Item 404(a) of Regulation S-K.



yellow-darrel-harriis-150.jpg
Mr. Harris is VERY THANKFUL TO YELLOW CORP!
:chairshot:
30,000 shares, that’s equivalent to a share from each Union employee. There goes that $25.00 thanksgiving gift card.
 
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