Not good swift investigation
Discussion in 'Swift' started by Luse, Feb 25, 2016.
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Very rare for someone to quit this week and be rolling next week under a paid load already with background checks, new physicals, and orientation etc.DerpDerp Thanks this. -
I don't see the company going completely under.
Liquidation of assets, hiring freezes, and layoffs at most.
They're personal loans backed by company stock. If Moyes defaults on the loans the bank gets his shares and owns part of the company. The banks will then sell the shares, liquidate their shares of the company, or hold onto them as investments. The company itself is in the process of buying its own stock back, so in turn Swift would likely buy back their own stock from the bank meaning Moyes essentially got Swift to pay his loans off. -
Seems to me that SWIFT and KNIGHT used to be tied in together, or at least in bed with each other. Perhaps KNIGHT will come to SWIFT's rescue. Or not. -
There are many bad Swift drivers out there, but there are so many more good drivers that work for Swift.
Do you think I would have any problem going with anyone else if I chose to do so?
I have zero points on any scale to hinder me.
That 11-12% of the bad Swift drivers would have a hard time. But most of us would be welcome anywhere we applied.inkeper Thanks this. -
I would not panic yet these investigations tend to last a while.
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The "relationship" is that one of the Knight brothers once worked for Swift . The Moyes children and his brother own Central Freight . And sued him for plundering Central to buy a hockey team that failed .
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