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commoditiesguy

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Reply with quote  #17 
It's the inevitable end in a place where non-foodservice people are making decisions about how to "service" the food industry.

Pietro was probably a fine CEO...of an airline loyalty points program.  But how that would translate into running a distribution company is beyond me.

Anyway, the gross revenue number will take a beating, Pietro will be tossed out (with his nice golden parachute) and then you'll be onto the next experiment.

Just hope that he (or she, don't want to sound sexist) knows that it's a pretty simple business; deliver the right stuff, on time, complete, and at the agreed-upon price.  And get the proper support staff (down to the janitors) into your company that can make this happen.
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Sidney

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Reply with quote  #18 
Amen
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broadliner

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Reply with quote  #19 
Can we hire some foodservice people to run this company? I'm sure the shareholders would appreciate it.
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commoditiesguy

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Reply with quote  #20 

After what happened with USF back in 2003, perhaps some Boards of Directors are afraid to hire foodservice people to run their company.  Especially, US Foods.

Just a theory.

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Investigator

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Reply with quote  #21 
Quote:
Originally Posted by commoditiesguy

After what happened with USF back in 2003, perhaps some Boards of Directors are afraid to hire foodservice people to run their company.  Especially, US Foods.

Just a theory.



They got busted in 2003 but the criminal activities at what is now US Foods went back to the Meyer Lansky crew associated with Merrill Lynch when they created Unifax in the early 1990's. 

Albert Fitzgibbons III, this was the guy Meyer Lansky used at Merrill Lynch to doctor billionaire Howard Hughes, estate, hiding the fact that Lansky and his crew had stolen most of the assets. Even the US Government raised hell with Fitzgibbons accounting. 
https://www.nytimes.com/1977/03/17/archives/hughes-estate-new-questions-monetary-values-cited-in-appraisal-held.html

Frank Bevevino former accountant for Meyer Lansky associate Victor Posner. 

William Waltrip another Lansky associate, Intercontinental Hotels and Pan Am Airlines

Here is the first of many takeovers by organized crime that created the USF of 1988-2001. Louis Guzzetti Jr. late of Max Fisher's "United Brands" is using former industrial company Neoax as a stalking horse to take over IU International Corporation. They would spin off the foodservice biz, which consisted of Biggers Brothers, Kings, William Davis (??) Roanoke Restaurants, all would be taken over by Frank Bevevino in a $200 million LBO. 
https://www.nytimes.com/1988/02/24/business/company-news-hostile-bidder-for-iu-tops-a-friendly-offer.html


And that's no theory
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