Teamsters Lead Historic Defeat of CEO Pay at Marathon Petroleum
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70 Percent Opposed Say-On-Pay in Largest
Following last Wednesday s shareholders meeting, Marathon Petroleum Corp. (NYSE: MPC) has announced that its Say-On-Pay was defeated by the largest margin so far this year at an S&P 500 company. Following a Teamster-led Vote No campaign, 70% of shares opposed the company s executive compensation a pay structure headlined by a $6 million restricted stock award paid to the former Chairman and CEO, Gary Heminger, six weeks after he had retired as CEO and a day before he stepped down as chair.
9th Circuit Lifts Stay on Labor Law Classifying Truck Drivers as Employees
A federal appellate court on April 28 reversed a ruling that prevented California from enforcing a new labor law that trucking companies contend will force them to discontinue the use of independent owner-operators and classify all drivers as employees.
In a 2-1 decision, a panel of the 9th Circuit Court of Appeals found that a federal judge in San Diego abused his discretion by issuing an injunction that prevented the state labor commissioner from enforcing Assembly Bill 5, passed in 2019.
The legislation codified a Supreme Court ruling that created a strict test for determining whether a worker is an employee or independent contractor and created a presumption that truck drivers are employees unless terms of that test are met.
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The panel discusses the governor s path to normalcy for the state. The guest is International Brotherhood of Teamsters General President James Hoffa. Panelists Cheyna Roth, Chuck Stokes and Bill Ballenger join senior capitol correspondent Tim Skubick to discuss the week in Michigan government and politics.
Truckers fall under California gig economy law, court says northbaybusinessjournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northbaybusinessjournal.com Daily Mail and Mail on Sunday newspapers.
Owner-operators of freight trucks in California may be classified as employees, federal court rules.
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Trucks are stranded on Interstate 5 in California during a winter storm. More than 70,000 truckers in California can be classified as employees rather than contractors, a federal appeals court ruled Wednesday.David McNew / Getty Images
More than 70,000 owners of freight and delivery trucks in California can be classified as employees of the companies that hire them, with rights to overtime and sick pay and work expenses, rather than as independent contractors, a federal appeals court ruled Wednesday.
A federal judge had ruled that a California law allowing the owners to be considered employees interfered with uniform nationwide regulation of interstate transportation. U.S. District Judge Roger Benitez of San Diego barred the law, AB5, from applying to truckers in 2020 and cited a 1994 federal law overriding any state laws that are “related to a price, route