Contrary to the most common stories being told Mike Elich did not leave his last employer on his own terms. He was forced to leave SRTC due to financial reasons because he wasn't getting paid. I've heard different versions over the years such as there was nothing left for him to learn at SRTC or he had accomplished all he could there. All of them completely untrue. It only had to do with money because he wasn't getting paid anymore.
Clearly you are just rumor mongering. Elich has been with BBSI since 2001, 13 years. The executive team has performed well since the death of Sherertz. They did a great job negotiating a package with the Sherertz wives.
The guidance is for 16% EPS growth for the next Q and management is projecting return to higher growth rates later in the year. The secret for BBSI is to only take on lower risk companies and to install risk control programs.
They are the GEICO for workers comp.
Interesting that the state secret to success is to take on lower risk companies. Hmm...I think most of the industry is shaking their heads. They seem to be most successful with workers compensation risks that nobody but the state fund will write, and then write them CHEAP. That is their real secret to growth.
Rumor mongering? SRTC of Vancouver, Inc. was created when Skills Resource Training Center, Franchising Inc. starting buying back their franchises. The actual Vancouver, WA. office of SRTC was later severely hit because it's two largest customers imploded. That SRTC office became a BBSI office and the BBSI office in Boise, ID. became an SRTC office. Shortly after that happened the directors of that company were not getting paid. Mike Elich was one of them. Care to research it? Would like the names of the clients or some other details?