Here is what a debt buyer does with our money!
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by mad in ga
(68.1.145.177) on August 16, 2004 at 12:05:32:
This is what Bill Bartman (Comercial Financial)(Unifund CCR) does with your hard earned money that he pay's 2 cents on the dollar for!
here is the full link! http://www.inc.com/magazine/19970901/1316.html
And Bartmann has managed to assemble this "elite corps of collectors"--as one analyst calls it--despite a 2.8% local unemployment rate. How? For starters, he pays salaries that are 150% of the industry norm. Then there are the lavish junkets. CFS is making plans to rent two 100-car trains to transport employees and their guests to a Kansas City Royals game--possibly the largest U.S. rail movement of personnel ever. There was the all-company trip to Las Vegas (each person received $500 in gambling money), and the Caribbean cruise, on which four couples were married. (Bartmann gave away the brides.) Oh, and then there's the CFS summer camp--free for the children of employees (500 of whom attended this past summer). Suddenly, many employees are gung-ho on careers in collection: turnover after six months is a slim 5%, set against an industry average of close to 100%. Lately, Bartmann has been catching heat for driving up salaries in Tulsa.
DON"T WE LOVE HIS MORALS!
There's a story Bartmann likes to tell about his wayward youth. He was in a teenage gang known as the Manor Boys, and as the gang's smallest member (he says he weighed the proverbial 98 pounds; even now, he's a tight-strung 150), it was his job to serve as bait on Friday nights. The script varied little: Raging drunk, Bartmann would saunter into a dance hall while the beefier gang members lurked in the shadows. He'd order a beer. "I'd walk up to the biggest guy in the room," he recounts, "hold it up in front of him, and say, 'I'll make you a bet that you hit the floor before this beer does.' Then I'd drop the beer and punch him." It mattered not who the victim was; the ensuing brawl was more recreational than personal. It was sport. It was the white-hot, macho thrill of taking on a challenge that seemed impossibly big.
Follow Ups:
Post a Followup
|
