Republic shareholders reject ESG-linked pay proposal while industry sees another year of rising CEO compensation
A recent Teamsters-backed effort to tie executive compensation to environmental performance was unsuccessful. Meanwhile, the pay gap between solid waste CEOs and median employees continues to widen. Published May 25, 2021 Courtesy of Republic Services
As pay for the solid waste industry s top CEOs continued to grow in 2020, shareholders at Republic Services recently voted against efforts to change the company s executive compensation plans.
Amid an otherwise uneventful season of shareholder meetings for the industry s publicly traded companies so far, Republic encountered two notable efforts by the International Brotherhood of Teamsters at its annual shareholder meeting last week.
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Service disruptions possible for Republic waste customers after union votes to authorize strike
By Q13 News Staff
Photo from Republic Services Teamsters
TUKWILA, Wash. - Customers of Republic Recycle and Yard Waste Services could see service disruptions as early as June following a unanimous vote by Teamster union members to authorize a strike.
A group of 130 Teamster yard waste and recycle drivers, employed by Republic Services, voted to authorize a strike. The Republic employees were joined by over a hundred yard waste and recycle drivers for Waste Management who voted unanimously to ratify a fully recommended contract proposal.
The central issue in both the Republic and Waste Management negotiations has been the significant disparity in overall compensation between the garbage haulers and the recycle and yard waste drivers. According to Teamsters, Republic Services has rejected the drivers’ call for equity.