Browning-Ferris Industries
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Browning-Ferris Industries, or "BFI", is a licensed trademark of Allied Waste Industries, a North America waste collection company. Many local units of Allied Waste are still known as BFI in the markets they serve. It was founded in Texas by an accountant named Tom Fajardo and was an early competitor to Waste Management.
BFI and Waste Management were companies that built an industry. Before each were founded, the waste industry was largely a mom and pop industry. While there were strong regional players in the business, there were no nationally known waste companies.
BFI and Waste Management began to buy the mom and pops and create a national brand. Eventually the weight of running local businesses from a national platform crashed BFI and it was sold to Allied Industries in 1999.
Several factors led to the decline of BFI. The ascent of Bruce Ranck to the CEO and President chair turned out to the beginning of the end and escalated the effects of various business factors.
Bruce, while probably a good low level leader, forgot what the waste business was all about...picking up and disposing of trash. He focused more and more on controlling everything that went on in a $10 billion plus organization with more than 25,000 employees...to the point of approving every expense and capital item down to a very low level. This led to managers that were not allowed to manage their business, and an eventual crumbling of revenues and profits.
The control factor led to a sale to Allied, and the diminishing of BFI as a trusted and valuable brand. In the sale, many employees were dislocated while the top 30 officers were compensated very handsomely for ruining a once proud company.
BFI puts dumpsters in communities. They have the standard blue one and one with their logo in green. This one is for paper recycling.
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