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  1. #1
    ENOUGH I'VE HAD ENOUGH!!!

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    Default YRC Worldwide hires turnaround consultant

    YRC Worldwide Inc. has named a turnaround consultant to guide the trucking company’s bid to survive the recession.

    The board of Overland Park-based YRC (Nasdaq: YRCW) named Richard Williamson, managing director of corporate turnaround firm Alvarez & Marsal, as chief strategy officer in a Thursday meeting. Williamson will coordinate and manage YRC’s work to maintain liquidity and fix its capital structure, YRC said in a filing with the Securities and Exchange Commission.

    YRC Worldwide hires turnaround consultant - Kansas City Business Journal:

  2. #2
    I Am Rocking Now

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    Default Re: YRC Worldwide hires turnaround consultant

    The best time to hire the group of "consultants" that they have would have been about 5 or 6 years ago when they still had a little money.

  3. #3
    ENOUGH I'VE HAD ENOUGH!!!

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    Default Re: YRC Worldwide hires turnaround consultant

    Quote Originally Posted by stldude44 View Post
    The best time to hire the group of "consultants" that they have would have been about 5 or 6 years ago when they still had a little money.
    Wonder how long Zollars has known the consultant?

  4. #4
    Getting In The Groove Now.

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    Default Re: YRC Worldwide hires turnaround consultant

    Those are the jokers that raped Interstate Bakeries for a few years till they gave up on them. Those guys will push for bankrupt, watch and see.

  5. #5
    Hubbahead
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    Default Re: YRC Worldwide hires turnaround consultant

    If these guys are good enough to save the company then why not have them lead the company? Isnt it Zollars job to run the company successfully? Now I am thinking about hiring a lumper for a fraction of my wages to unload my truck and I will call him a "Consultant".

  6. #6
    I Am Rocking Now

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    Default Re: YRC Worldwide hires turnaround consultant

    Quote Originally Posted by Hubbahead View Post
    If these guys are good enough to save the company then why not have them lead the company? Isnt it Zollars job to run the company successfully? Now I am thinking about hiring a lumper for a fraction of my wages to unload my truck and I will call him a "Consultant".
    I think that Freight Relocation Consultant would be appropriate.

  7. #7
    Resistance is futile.

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    Default Re: YRC Worldwide hires turnaround consultant

    Quote from the article.

    Naming a turnaround consultant was part of YRC’s promise when its International Brotherhood of Teamsters workers agreed early this month to an extra 5 percent pay cut and forfeiting 18 months of pension payments.
    The IBT is looking out for us. The IBT forced this, and this will be what will really turn it around for YRCW.

  8. #8
    Getting In The Groove Now.

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    Default Re: YRC Worldwide hires turnaround consultant

    Gee, if I only knew.
    I would have done it for them for less 15%

  9. #9
    THE MIDGET SMASHER

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    Default Re: YRC Worldwide hires turnaround consultant

    Remember John Brincko and what he did for CF's turnaround?

  10. #10
    I Am Rocking Now

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    Default Re: YRC Worldwide hires turnaround consultant

    Quote Originally Posted by THEBIGSHOW View Post
    Remember John Brincko and what he did for CF's turnaround?
    Good point. A former CF employee told me that they were CF's "turn around" consultant. I didn't get a warm, fuzzy feeling.

 

 
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