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Global Unions Stand with Teamsters, Condemn XPO’s CEO Incentive Plan

(BRUSSELS, Belgium) – Forty-five leaders of 15 labor unions in Europe that represent workers at XPO Logistics workers in nine countries agreed to condemn a plan this week that could give XPO CEO Bradley Jacobs a windfall stock award worth $110 million at current stock price levels. The support came during the global union federation ITF (International Transport Workers’ Federation) week-long conference here.

Teamsters to Head Off Potential XPO CEO Pay Bonanza

(WASHINGTON) – Today, in a letter to XPO Logistics’ [NYSE: XPO] Board of Directors, the International Brotherhood of Teamsters raised objections to the company’s proposed 2016 Omnibus Incentive Compensation Plan (the Plan) that could provide a windfall stock award for CEO Bradley Jacobs worth $110 million at current stock price levels.

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