Trucking giant paid president $400,000 after debt swap as part of non-competition agreementYRC 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.....
No comments:
Post a Comment