Found Something On "Successful Businessman" DeJoy

[ProfessorGAC]

He ran New Breed, which sold to XPO in 2014. For $615 million!
Not billions. He ran a $600 million dollar company.
This sort of consolidating merger is a larger company legally eliminating a smaller competitor, because it doesn't over concentrate their market position.
So, New Breed was not a mega company, just a regional warehouse operator.
But, get this!
XPO has a debt to equity ratio of nearly 3!. Corporate average is around 1.6. Sector average around 1.7.
2.29 billion in cash, 2.48 billion inequity.
Total liabilities are $13 billion.
And, XPO was the surviving entity in the merger. New Breed is now nothing more than a division.
The surviving entity operates on >60% higher debt than average in that industry.
Aside from skating away with a handsome severance, the numbers suggest DeJoy was a hack as an executive in private enterprise.
Not that he's alone, but the "successful" tag is questionable. Successful for whom?

https://www.wsj.com/market-data/quotes/XPO/financials

[pwb]

1. He is stealing Postal Service Logistics.

For his logistics companies to profit.

[ProfessorGAC]

3. From What I Can Find...

...he cashed out everything when he retired, after the merger. But, he still has pals, I suppose, in the industry.
I wouldn't put it past his type to direct business to them, no cash payment, but suddenly he's driving a new Rimac he got for a gift!

[Wellstone ruled]

2. Great story.

If it was not for Government Contracts,and a master freight haulage contract with Koch Industries Paper Products,this thing would be toast. So those XPO containers on the Rails assigned to the USPS are empty,not surprised.