YRC Worldwide Inc. wants to set the record straight about the compensation it’s providing to its board of directors.
A couple weeks ago, I reported about a securities filing from the Overland Park-based trucking company detailing pay for its new board, which took over in the summer after YRC completed its financial restructuring.
The story noted that YRC planned to pay its directors a cash retainer of $75,000 a year, extra payments of between $10,000 and $15,000 for committee chairmen, and restricted stock units worth $100,000.
By comparison, the board a year ago was set to make $50,000 in cash, chairman bonuses of $5,000 to $7,500, and $77,500 in restricted stock, according to Securities and Exchange Commission filings. Full Story.....