The Waste Managers by William J Plunkett
Requirements: .ePUB reader, 2.6 MB
Overview: What started as a modest waste collection and disposal company in Chicago transformed into North America’s leading provider of waste collection, recycling, and disposal services. The Waste Managers recounts the creation and transformation of Waste Management, Inc., highlighting the stories of the young and untested talent pool who helped grow the company into what it is today.
One of the key players was Dean Buntrock, a twenty something from rural Columbia, South Dakota. During the mid-1950s, Buntrock unexpectedly began to manage his wife’s family garbage hauling business in Cicero, Illinois. After a dozen years of work, he had assembled the early assets that would become Waste Management Inc. Buntrock had a vision for the company’s future, but he knew he needed resources and investment capital.
Buntrock partnered with Wayne Huizenga, a fledgling waste entrepreneur, and Lawrence Beck, a Chicago-area operator. In a daring step of their own, the group rejected a corporate suitor and took their company public in June of 1971. This single move gave the company the initial capital the founders needed to fund the growth of the company, partner with others of a similar vision, and respond to the growing number of federal and state environmental requirements.
Environmental law and regulations were changing the future of the waste collection and disposal industry, and the founders of Waste Management Inc. understood those changes meant they needed more funds to respond to the new rules. The environment was ripe for industry consolidation, and over the following decades, Waste Management Inc. would consolidate thousands of companies.
Genre: Non-Fiction > General
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