This is the true story of crime and road rage in the executive suite of one of America's leading trucking companies. The story begins when the highly regarded founder and owner of the Arrow Trucking Company is killed in a hunting accident. His widow then appoints their only son, Douglas, to be the new CEO. His only qualification is that he is known to be the apple of his mother's eye. He had no experience in anything. He had only a high school education and had never worked a day in his life. He was best known as a young, wealthy, and very arrogant party boy. He was further described as being an egotistical jerk. Accordingly, the end of the story is predictable. But, one could not have predicted the shocking events that played out along the way.
At the time of his father's death, the company owned over 1,200 tractors and 1,400 flatbeds, and had negligible debt. The company had more than 1,400 employees. Revenues exceeded $250 million annually, and the company was recognized as a leader in the trucking industry. Eight years later audits showed $8.55 million in assets and $99.97 million in liabilities. It proved to be one hell of a ride.
It didn't take long for Dougie to live up to his reputation. His employees soon referred to Doug Pielsticker as Smug Pigstinker. Respect for this new leader was as impossible to find, as was the leader himself. On his first day on the job he arrived in his chauffeur-driven limousine promptly at 10:45 a.m. It was to become his nearly-everyday starting time. His first task was to clean out his father's office. And, clean-out he did, tossing everything but the furniture, inclusive of all of the family pictures. He was far more interested in his inheritance than his heritage. He was also much more interested in furthering his personal lifestyle. And, he was in the right place. Later audits indicated he trucked out nearly $40 million to his personal accounts in support of his lifestyle.
He then fired ne...
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