3min chapter

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#61 Malcom McLean: The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger

Founders

CHAPTER

Malcolm McLean's Leveraged Buyout

Malcolm McLean created an entirely new company to circumvent rules requiring ICC approval for a truck line to own a ship line. He cleared $14 million in the sale of McLean Trucking, his net worth in 1995, which $25 million are the equivalent of $220 million today. The country's best known trucking magnet walked away from the business he had built in order to build a new one based on some untested idea about shipping.

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