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Shareholders Reject XPO Logistics CEO Compensation


Courtesy of XPO Logistics
XPO shareholders voted to reject Brad Jacobs 2021 compensation package after a Teamsters campaign.
Jacobs total compensation was $21.8 million in 2020.
The vote is nonbinding but represents a first for the logistics company.
XPO Logistics shareholders voted Tuesday to reject the compensation package for CEO Brad Jacobs as laid out by the company. 
Jacobs, who has been the CEO of XPO for nearly 10 years, is set to make $80 million in long-term incentives on top of his base compensation, which is the primary objection of the International Brotherhood of Teamsters and other organizations that campaigned for Tuesday s result. 
In 2020, Jacobs took home $21.8 million more than double many of his trucking and logistics peers, including the CEOs of J.B. Hunt, Schneider National, Yellow, Knight-Swift, Old Dominion, Landstar, and Ryder, according to an Insider analysis of the companies proxy statements. ....

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