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TRUCKING INDUSTRY NEWS * USA
Bankruptcy judge balks at $600,000 salaries for Gainey Corp. officials
MI,USA -MLive.com -15 Nov 2008: -- That's the harsh message a judge sent to local philanthropist Harvey Gainey on Friday when he delivered an 87 percent pay cut to the founder of bankrupt trucking giant Gainey Corp... For now, Gainey will have to make do with $169,300 a year. It's a far cry from the $1.3 million annual salary he drew before his company and its subsidiaries filed for Chapter 11 bankruptcy protection last month...
Labels: trucking industry news USA
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