Yes, YRC Worldwide Can Be Saved
Satish Jindel • Journal of Commerce
July 4, 2011
The June 13 Journal of Commerce cover story on YRC Worldwide did an excellent job of looking at how the company got to where it is and what factors will be essential for the carrier’s survival and prosperity after it completes its financial restructuring. One element that deserves highlighting, however, is the most critical factor of all: selection of the right person for the CEO position.
Bill Zollars and his team of inside and outside financial advisers have done a terrific job of restructuring the balance sheet over the last three years to keep the company out of bankruptcy protection. They defied all odds when many securities analysts were heaping scorn on the company and some were even targeting various dates for the company to file for bankruptcy…Read More