Yellow is shutting down and headed for bankruptcy, the Teamsters Union says. Here's what to know

[Wonder Why]

1. Executive Salaries

https://www1.salary.com/YRC-WORLDWIDE-INC-Executive-Salaries.html

Former Chief Operating Officer $1,459,484

Chief Executive Officer $2,118,469

Chief Financial Officer $3,538,760

President and Chief Operating Officer $5,032,061

Board members - typically $250,000 (my approximation based on site numbers shown)

From the CBS story shown in OP's post:
"The shutdown comes after Yellow failed to reorganize and refinance the roughly $1.5 billion dollars it had, as of March, in outstanding debt, a large portion of which came from the $700 million pandemic-era government loan. At the time of the loan, the company was facing charges of defrauding the government by overbilling on shipments for the U.S. military. It ultimately settled the lawsuit and agreed to pay the Defense Department nearly $7 million."

Criminals taking more money.