Ceva Logistics has a new king
European FVL power
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By Alex Lennane
The New York Post has taken up the sorry tale of Apollo, former CEVA staff and the missing money. An interview with Jim Crane, who in 2007 lost his logistics company, EGL, to CEVA and Apollo owner billionaire Leon Black in a $2bn offer, reveals that he warned staff: “They’ll cut your throats.” The Post also speaks to a former executive who lost $175,000 in the ‘equity-sharing’ plan, who is considering legal action. More on this story to come.
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