Wednesday, July 3, 2019

Wayne Huizenga-- Part 3: Owned Waste Management, Inc.


Harry Wayne Huizenga was born in the Chicago suburbs on December 29, 1937, to a family of garbage haulers.  He attended Calvin College in Grand Rapids , Michigan, but dropped out and began his own garbage hauling business in Pompano Beach, Florida, in 1962.

He would drive a garbage truck from 2 am to noon each day, then go shower and go out and solicit new customers.  He eventually bought out several competitors expanding throughout South Florida.  In 1968 he merged with the Chicago sanitation company his uncles owned, creating Waste Management Inc. which eventually became the world's largest trash company.

That was his method of operation -- becoming the first national player in industries dominated by small and local operations.  he resigned from the company in 1984 and was paid $100 million in stock.

--Cooter


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