Jerry Moyes buys out Swift, Good or Bad for drivers?

[greg3564]

I was thinking..... Why would Jerry want to buy out the stockholders and go private. That sounds like the last act of a desperate man. We might be seeing the end of Swift as we know it.
When was the last time you heard of or saw a huge Public company buyout their stockholders and go private. That is backward, its the opposite way of doing things.

It happens, although not very often. The one benefit to going private is you no longer have to answer to stockholders who are unhappy or to a board of directors. The Ford family is also looking to buy back their stock and go private to get the stockholders off their back. Moyes sounds like he has an ego problem and wants total control of Swift again. If you've got the money to do it, more power to you.