I've found the situation at BAX as depicted on
this board very interesting. The most relevent comment
was from the writer who said he wasnt sure who was
really in charge. I know who is in charge.
management is irrelevant, Dan is the man, look to him. He
calls every shot, but takes no blame. We all should be
looking to him, where was the stock when he took over.
Will the board wise up before it is to late and there
is nothing left.
If you research the press releases a majority of
the Board has been appointed by Mr. Dan. This is a
savvy political move to protect oneself from an
internal competitor making a move for the
I'd be interested to hear confidence levels in the
executive structure of the subsidiaries. Is there enough
talent in place to effect change?
I dont have first hand knowledge of the other
companies but the pattern, based on the messages on this
board, seem similar to my experience at Brinks.
Although Dan is prone to being overly intrigued by
financial people with no P&L experience or leadership
skills, (he is convinced that with his special tutelage
he can transform them into Presidential material) he
recruits an occasional respectable resume. He dosnt let
them do the job, however, in a manner youd expect of
the senior exec running a large division of a
diversified public company.
Rather then let them
assess, develope a plan, present and implement. He tells
them what the issues are and directs their every move.
I dont believe proven, able, creative executives
could or would work for him for long.
seems to have have been an unusually high turnover of
long serving, respected, proven senior managers from
all companies since Dan took over. The board is
either disinterested, unconcerned or unaware. I dont
know which is worse.
There is no internal
threat in my opinion.
Sorry, couldn't work the, "Allow me to retort"
line in there, but excellent choice of movies when
going to work on someone, but I digress...
I can understand that there are numerous ex-BAX'ers
out there that are upset by the way the stock is
performing. I have enjoyed an approximately 100% loss in my
stock value since I left the company in '98. The main
reasons for the stock loss are numerous. None of them
though have solely to do with individuals with MBA's.
Sorry to say it, many people complaining about the
stock's performance are not looking at the real problems.
Sure BAX blew big bucks on consultants with no
results, but it's not the first foolish mistake they have
made, nor the last.
My answer (and yes, I am an
ex-employee who will begin studying for an MBA in the fall)
is to split the company into it's different
divisions. I suggest that Burlington Air Export (sorry, but
it is a hold-over from days past,) Burlington
Domestic, and Burlington Ocean Services all be split to
deal on their own. Let's face it, many touch on the
answer, but few are willing to follow through.
Certainly, there are too many layers in management, but that
is a result of a grossly oversized colossus, and not
KPMG, Anderson, or any of the other consultants out
there. It is a direct result of BAX losing the hunger to
maintain profitability instead of "larger for larger's
And yes, I do agree with some that sales gets treated
like dogs there - just like at every other forwarder.
Yes, I understand that sales should be paid on
schedule instead of having to fight with management for a
commission check. The only retort to sales' whining (and
yeah, I have some brie for you out there in the field)
is to take a look at Ocean. Take a long hard look at
B.O.S. increased from less than 1% of total gross
revenue, to a substantial portion of revenue, and profit
with little (no if you want me to be completely
honest) help from sales. How was it done? By B.O.S.
treating themselves like a small forwarder and calling
customers back to follow up on rates and service. Managers
calling on customers, developing business does a lot more
than a sales rep doin the same thing. Serving the
customer well is more important than if someone saves
$5.00 versus Fritz, Circle, EI, or any of the rest of
them. Sure, a customer may try another forwarder, but
they will keep going back to the forwarder that gets
it done from A-Z every day.
I hate to ramble,
but BAX is involved in a service industry, but the
service portion seems to be missing from everyone's
answer. The rate w40735 (can I write the complete word on
Yahoo?) are the same one that will sell you down the
street to the competition and those seem to be the ones
BAX goes for. That is the real reason freight revenue
and profit is down.
Oh, and if any of you
want to fight about it, I'll be out back, by the
Sealand Container around three :-) Take it easy everyone.
It is nice to see opposing points of view. There
are always two sides to every story. One
uncontestable fact is; too much corportate structure. There are
indeed too many engineers,and "support" staff, way too
many people counting, and not selling. Instead of
astronomically expense cost cutting activities, how about
selling something, or giving your people the ability, and
thirst to go sell something. Zero or slow growth creates
a blood thirsty back stabbing atmosphere(evidence
to this is the postings on this board). BAX people
are still good, they just need direction, and a
little taste of success. It isn't much fun watching
corporate profits sink as new engineers(Useless MBAs) are
brought in at high salaries(see Monster.com) and Eagle,
Expeditors, etc.. keep growing, hiring and kicking green
Stock value is still producing only bottom feeding
nibbles, not good for long term health.
Let's be forward thinking from now on.
missed the point - it is the magnitude of the misques by
Pittston leadership that destroyed BAX. Not saying that
the "E" team was perfect, but they certainly did get
blamed for a mess that was created beyond their control.
Your points of citicism are very weak. I bet you used
to be a "kiss up" to the previous team ?
am a buyer of PZB under $10 -
Hope you can
take it to $20 by year-end so I can hit a double
Good luck to you and your friends left @
p.s. keep us posted on your success - we will be
In the words of one
of my favorite actors, Samuel L Jackson,: "Oh you
are done. Well then allow me to retort."
Farrell and Roglanio made severe
mistakes, not the least of which was hiring KPMG. I need no
history lesson, I have lived through it for many years.
As a colleague and I posted that last message, we
had a bet that someone would blame everything posted
on Pittston, Rogliano and Farrell. We both won. The
guys were flat out arrogant and wrong about many
things. I agree with you. I also make no excuses for
Cbob. He is gone and not even a memory. He was not 100%
wrong though. Maybe 85%, but not 100. And he did hire a
few industry experienced
Unfortunately, you still continue with the "poor us attitude, we
get all the blame" (the E team). You indicate that
the shareholders and employees who read the board
deserve to know the truth. What makes you think they do
not know the truth? Because the sewing circle you are
connected to has all this dirt on the current and former
regimes makes you think it is all true or believed????
Why not just write a book.
Also, you continue
to talk like the E team walked on water and did
everything right and got no credit. Waah and Puhlease! The E
must stand for Ewe, because it was a regime of sheep
that according to you had all these bad decisions
forced upon them by a big bad Pittston in sheep
clothing. I liked Dennis, but let's be honest. He had no
real charisma and there was also a real old boy
network under his watch. So stop making it something it
is not. I also personally experienced two major
screwups where customers sent correspondence to Dennis and
got what, you ask, back? A big nothing. That's
It is also very arrogant of
you to say that all the managers that made the
company great are gone. You are sorely mistaken. There
are many exceptional ones left!!! Furthermore, I
can't think of but maybe one or two that the company
needs back. The ones that remain have the courage to
embrace the change that lies ahead. How can you honestly
say with a straight face that the E team had the
company positioned well for the future. Yes, they had
their moments, but there was never any magic coming
down from the E mountain I can assure everyone of
How about this for a suggestion. You
obviously have bitterness in your heart, but why not GET
OVER IT!!!! The company still has positives, it still
has good people, it still has spirit. It still has a
great culture. It is bigger than any of us. It has
moved on without you. These are indeed scary times for
many of us. You think we do not know that. You are
dead wrong! We are doing the best we can under
difficult circumstances. You can keep armchair
quarterbacking all you want, but your endless crying and
rambling about spilled milk, lost credit, and finger
pointing really does nobody any good. I repeat from my
last message, the prior regime had it's shot. It
missed. Get over it.
What do you say? Can we all
move forward now? Can you take your eyes out of the
rearview mirror? Can you show some of the class you claim
to have had in years gone by? Can you support the
good folks that are left trying to make a rough
situation better. We've each had our say now. Where else
can we go from here except forward?
Proving once again that the truth does
L H T Y
on the road to ruin.
THE SHAREHOLDERS AND
EMPLOYEES WHO READ THIS BOARD NEED AND DESERVE TO KNOW THE
Unfortunately, the former BAX management team got blamed. This
former management team, for years led BAX to very
healthy profits and well positioned for the future; until
KPMG ( $150+ million systems/consulting debacle)
sucked the life out of this once great company. IN
addition, Farrell placed a COAL MINER buddy in charge of
running the BAX fleet, which was a complete
CBob basically brought in a bunch of his buddies who
had no experience in the industry to lead BAX; and
ran off every manager the made BAX great for many
The amount of overhead added to the BAX
corporate office is astounding, particularly with no
visible return on such. In addition, the impact to
service from CBob's team is and will be devistating. They
are cutting the service cost and adding overhead. Not
a formula that a low-margin service business can
YES CBob and company contributed greatly to further
Employees, shareholders, and
analysts had a very high degree of respect for the " E"
team, not only for their results, but for their
unselfish dedication to preserving a once great
You ( baxblood) obviously need a history lesson, and
should do a little homework before posting erroneous
The Ex Bax folks on this board are side
splitting. Sincerely! I especially loved the message saying
to bring back Eittreim, Havely, Beining, Erickson Et
Al at whatever cost. Are you kidding me?? Aren't
these the characters that originally drove the company
into the mud?? I know it is convenient to blame CBob
and his gang of mighty men, but cmon. By the way, it
was time for CBob to go, but he did bring in some
good with his bad. The only good years Eittreim had
were influenced by a truck strike and a UPS strike.
When did he ever achieve plan? Blame Pittston and the
plan you say. Interesting.
I have met Joey. He
has worked at many levels of the organizations he has
been at and he is indeed a dynamic man. He knows the
struggles the company faces at all levels and he has the
sack to change things. Give him a chance. The pants
dropping at every sign of trouble during the Eittreim
years was not pretty and it is understandable why Bax
now fights an uphill battle to get out of the mud. I
know the line. It wasn't Eittreim's fault. Blame
Pittston. Plenty of blame to be handed out, but who is
looking in the mirror. Lots of stones thrown by folks in
their glass houses.
As a Bax employee of many
years, I can safely say this. It is a good company with
good people. Some of the finest I have known and had
the pleasure to work with in my semi young life. The
sadness is that I respected many of these folks posting
the negativity here.I know who some of you are and it
is sad. Those who are gone who could not handle the
change of their Utopia. Those who choose to demean it
who had their shot and missed. Those who were pushed
aside for their inability to accept change, and if you
still have stock, you make even less sense. Give the
new regime a chance and get over it. Slam me if you
wish, but deep down you know the truth hurts! More
thoughts on company direction later, but their are reasons
it was, is and will continue to be a great
company. From what I hear it now has a charismatic leader
who will give it back any lost edge that it may have
Ex BAX people, give Mr. Carnes a
chance. I am sure that he will make the
Go for it BAX people, you get it done!
now to sunnier climes. This is the last message from
that if Mr. Haverly gives any thoughts to BAX, they are the same thoughts that the rest of the exgreenbloods have,"Thanks be to God that I do not have to put up with this foolishness anymore"!