really; 100% privately owned....wow...

still damage control-- public image is important.


From what I just read-- he spent 2.6 Billion to buy up all the "outstanding" stock. And now is looking at make a deal for $31.55 per share to buy up all the common stock still being publicly held.
This little scandal might force that price lower--- making it easier(cheaper)
to buy up the rest.

Swift is privately owned. There is no stock. Jerry Moyes bought all of the stock. That is what "privately owned" means. Educate yourself. :roll:

Every stock holder was paid $31.55 per share. If Swift were really involved, the feds would have raided the corporate offices in Phoenix too.

I am already educated--- if it's a corporation--- there's always....ALWAYS...STOCK. Be it privately held or publicly.....there's always stock. Its a defining charasteric of a corporation. Yep, I've done more "research' that final purchase(buy out) occured late last year. But Swift hasn't updated their own webpage---still got that article on main page...still.

And no, there's no reason--or rule that says if Swift was involved they'd keep the "smoking gun" in Jerry Moyes bottom right hand desk drawer in Phoenix, Az.

Greg was right. Swift isnt listed in the NYSE. How funny. :shock:

You DO NOT have to have stock to be a corporation. Hell, I could go down tomorrow and incorporate a business and have no stock. A publicly held company must be listed on a stock exchange and have private stock holders. Swift does not fall under that category. :roll:

A corporation is a legal entity (technically, a juristic person) which has a legal personality distinct from those of its members.

The defining legal rights and obligations of a corporation consist of the capacities (i) to sue and to be sued, (ii) to have assets, (iii) to employ agents, (iv) to engage in contracts, and (v) to make by-laws governing its internal affairs.[1] Other legal rights and obligations may be assigned to the corporation by governments or courts. These are often controversial.[2]

Who's says they won't raid'em? Maybe it was just the people at that location and the head office truly had no knowledge of what was happening, until the feds review everything and get interviews done, they are still not in the clear.

Highly doubtful. If Swift was even slightly involved the feds would have gone to Phoenix with search warrants too. Otherwise the feds now tip their hand to Swift, who in turn could destroy any evidence in the mean time. Everything I've read so far suggests that there was some crooked public employees that, by coincidence only, happened to work at the DMV office located at the Swift school and antoher off site office as well.

they were never on the NYSE--- they WERE on the NASDAQ-- but Greg was correct--- they finished the final buy out and was de-listed late last year.

I'd like to see that. Corps have stock. They all may be owned by you, and it may be privately held, and not necessarily traded on an exchange, but there would be stock.

To those of you that think SWIFT is not on on this, let me ask this; Did the DMV employees do this for free?

Ummm, is it possible that drivers were bribing the DMV employees and Swift had nothing to do with any of this? As soon as Swift's name came up in this, everyone just assumed Swift was breaking the law and was the target.