I just received my proxy vote. In it BXC states they are closing 5 underperforming branches in the west to save 13 million. As a former employee that worked in one of these branches where we were profitable, I find this disturbing. This company continuously thinks they can cut their way to profitability. In reality they need to invest and sell more smart business. It is no secret in the west that transportation is higher and this company has no idea how to market to this fact. This company has not done anything for years so here is how I am going to vote on this proxy:
1) against electing nine directors---way too many
2) for---confirm Ernst and young
3) against---executive compensation
4) against---to transmit any new business
Until this company shows a new direction, management does not get my support.