Larry Salci’s Latest Trainwreck
Larry Salci, the former president and CEO of (St. Louis) Metro, is back in the news.Salci this week announced that his current firm, Colorado Railcar Manufacturing, has ceased operations and will have no employees as of tomorrow, December 31.
Salci took over as president and CEO of Colorado Railcar, a manufacturer of luxury diesel rail cars and coaches, last April. Five months earlier — in December 2007 — Salci resigned from Metro following the agency’s stunning loss in a lawsuit filed against Cross County Collaborative, a group of design and build companies that first worked on MetroLink’s Shrewsbury extension. In addition to $21 million in legal fees, Metro was also forced to pay members of CCC an addition $6 million.
How could TriMet decide to put any confidence (not to mention money) in this guy? Lest we forget, the owner of Colorado Railcar is also known for some dodgy dealings. Read this story about the Orlando Transit’s dealings with him…
on Jan 1st, 2009 at 11:07 am
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on Jan 9th, 2009 at 7:25 am
I am really sorry that those of us from St. Louis (who experienced Salci’s incompetence first-hand) didn’t have a chance to warn people about this guy’s failures and inability to lead a company. Who didn’t do their due diligence on this guy before hiring him?? Had they looked into his history, they would have seen the trainwreck he created in St. Louis.
on Feb 15th, 2010 at 9:50 am
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