Why Yellow Corp’s collapse makes a good MBA case study
The threat of strike action was the last straw for a company that was slow to consolidate a series of acquisitions as the debts mounted.
Matthew CranstonUnited States correspondent
Washington | Yellow Corp sales executive Phil Sullivan recalls the moment he knew the haulier company was about to join the list of America’s biggest bankruptcies this year.
“The union announced its intention to walk out, with the date set for Monday, July 24; and knowing the market as I do, I didn’t see the company surviving a work stoppage,” Sullivan, 66, says.
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