Tuesday, January 12, 2010

YRC Pays Wicks $800,000 to Stay

Trucking giant paid president $400,000 after debt swap as part of non-competition agreement

YRC Worldwide paid one of its top executives $400,000 this week as part of a non-competition and confidentially agreement that includes an additional $400,000 in incentive pay if he stays with the company and meets certain goals through July.

President and Chief Operating Officer Timothy A. Wicks will receive $200,000 April 1 and again on July 1 if he is still employed by YRC and if the business meets "operational and selling, general and administrative" goals by those dates, YRC said Jan. 7. Full Story.....

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