Bruce Ranck, president and CEO of BFI, recently wrote to stockholders and described how the corporation was expanding into Hong Kong, the Netherlands, and also New York City following the indictment of members of the Big Apple's 40-year-old, Mafia-controlled garbage cartel. He explained that BFI had racked up record numbers in 1995 -- revenues up 34 percent, profit up 38 percent, earnings per share up 30 percent.
"The value of our long-term commitment to recycling was demonstrated this year, with revenues approaching $700 million accompanied by healthy profits," Ranck stated. "That's a far cry from the ten million dollars in revenue and the operating losses we had just six short years ago. Recycling is here to stay, and we expect it to remain a permanent part of how materials are managed around the world.... This is a good business for us.