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The Brink's Company Message Board

  • rogertoomer rogertoomer Jul 16, 2012 11:22 AM Flag

    Michael Dan

    What happened to him?

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    • So what is going on with BCO?
      People fired, quiting,,,?
      Good news or bad?

      • 1 Reply to rogertoomer
      • Dan left the company on pretty short notice the end of last year. He says he retired, I think the board forced him out. His replacement was on the board at the time.

        Larry Rodo has also left, again being fired or forced out. I am told that his temp replacement said something to the effect that Larry was doing it the right way, so nothing would change for now. No way he is going to be the new North American president.

        Brinks also made a change in March, going from one route supervisor per 10 routes to one per 20 I believe. A branch doesn't get two until they have at least 30 routes. This means little supervision on the routes and employees, no street inspections are being done, no supervisor rides, little to make sure the rules are being followed.

        I predict a significant increase in losses and in crashes over the next 18 months, and subsequently, a stock price under $20.

        Sentiment: Strong Sell

 
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